Audio By Carbonatix
The Ghana Revenue Authority says it has taken action to distress Hippo General and Haulage Transportation company for owing tax to the tune of over GH₵1.3 billion.
Personnel of the tax agency aided by some security officers on Friday, stormed the premises of the company to effect the action.
Financial distress is a condition in which a company or individual cannot generate revenue or income because it is unable to meet or cannot pay its financial obligations. This is generally due to high fixed costs, illiquid assets, or revenues sensitive to economic downturns.
The GRA posted on Facebook, Monday, December 23 to announce the decision to close down the company.
Financial distress is a condition in which a company or individual cannot generate revenue or income because it is unable to meet or cannot pay its financial obligations. This is generally due to high fixed costs, illiquid assets, or revenues sensitive to economic downturns.
The GRA posted on Facebook, Monday, December 23 to announce the decision to close down the company.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Prioritise cocoa sector with better prices, timely payments-Annoh-Dompreh urges NDC
15 minutes -
Lands and Mines Watch Ghana endorses Heath Goldfields’ mining capacity
30 minutes -
Gbintiri residents protest alleged diversion of 24-hour market project
55 minutes -
Justin Bieber headlines Coachella with nostalgia-fuelled set
58 minutes -
Ukraine and Russia accuse each other of hundreds of ceasefire violations
1 hour -
Asha Bhosle: The sound of Bollywood dies aged 92
1 hour -
Fire destroys section of 4-bedroom apartment at Tantra Hill
2 hours -
Safe city: Unnoticeable protection
2 hours -
North East Regional Police Commander raises alarm over burning of checkpoints
2 hours -
Free Primary Healthcare Programme set for take-off — Health Ministry confirms readiness
2 hours -
3 co-wives, 5 children perish in canoe disaster – Maritime Authority insists life jackets use mandatory for all water transport
3 hours -
Iran war lands ‘triple blow’ to flood-ravaged Sri Lankans
3 hours -
Gunmen kill at least 11 people at Afghanistan picnic spot
4 hours -
Woman, 25, in court for stealing baby at Bogoso
4 hours -
Trump unveils giant gold-accented victory arch design for US capital
4 hours