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GRA reportedly fines Cheddar Gh50k for Tax Evasion

GRA reportedly fines Cheddar Gh50k for Tax Evasion

Kofi Dekye Acquaye 6 months ago 0

The GRA has fined businessman Nana Kwame Bediako, also referred to as Cheddar. He is the leader of the New Force Movement and has been involved in several tax evasion scandals, which have exposed his apparent disdain for state laws and dedication to national development.

The Ghana Revenue Authority (GRA) has accused the well-known businessman, who just declared his candidacy for president in the country’s next general elections, of evading taxes.

According to the Ghanaian Times, a trustworthy source at the GRA disclosed that Cheddar was fined GH¢50,000.00 for not filing his personal income tax returns between 2013 and 2016.

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The source stated, “He once again failed to file his returns for the post-2020 period, despite settling a sum of GH¢209,171.00 between 2018 and 2020.”

The source revealed once more that Cheddar’s tax assessment for the years 2021–2022 was estimated by the GRA to be GH¢2,088,228 and GH¢5,096,536, respectively, plus penalties for not filing his personal income tax returns.

The Times was informed by the source that they were also concerned about Cheddar’s involvement in a tax evasion scandal, saying that it raised doubts about his commitment to national development as well as his financial practices. The significance of personal income tax as a vital source of information about an individual’s asset holdings and investment activities was also emphasized by this source.

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“His actions as a presidential candidate and self-declared savior of Ghana set a concerning example for the moral standards expected of people in positions of influence. Identification of potentially unreported or questionable income, including transactions like asset purchases, is crucial. There are deeper concerns about the honesty and integrity of someone who wants to be the country’s leader when they consistently fail to pay penalties rather than just declaring their income.

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“Note that this scandal is about more than just a person’s failure to pay taxes; it is also about evaluating the effects of tax evasion on society and comparing the words of an aspirant president to his actions. The resources available for vital public services, infrastructure development, and initiatives to end poverty are reduced by tax evasion, the source claimed.

It is well known that Cheddar has registered multiple companies, accumulated a large number of expensive cars, and made significant gifts and donations.

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