Thursday, May 19, 2022

Telecom firm Glo Ghana avoids closure over $2 million debt

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Fred Dzakpata
Fred Dzakpata is a Ghanaian journalist who specializes in business reporting in Africa.
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Ghana’s Revenue Authority (GRA) on Tuesday nearly shut down the head office of telecom firm, Glo Ghana.

The company is reportedly to be defaulting in payments of taxes.

Ghanaian officials say the company owes taxes to the tune of over $2 million (GHC 10 million) and has refused to make payments.

The Ghanaian revenue agency was embarking on an exercise to retrieve money from defaulting taxpayers.

According to the GRA, several attempts to retrieve the money has proven futile.

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Officials of the company in a closed door meeting with officials of the GRA moved to settle $400,000 of the debt.

The company has been given some time to settle the remaining amount or risk closure in the coming months.

Globacom Limited is one of Africa’s fastest growing telecommunications company. It is owned by the Mike Adenuga Group.

Glo currently has presence in Ghana, Nigeria and The Republic of Benin.

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Source: Africafeeds.com

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