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
-
Constitution Review Committee presents final report to President Mahama today
1 minute -
Trump image within Epstein files reinstated by US justice department after backlash
3 minutes -
Diaspora partnership central to Ghana’s reset agenda – Vice President
3 minutes -
Russian general killed by car bomb in Moscow, officials say
10 minutes -
UCC appeals for financial clearance for recruitment
11 minutes -
Interior Minister commends Christian-Muslim Dialogue group for sustaining peace in Upper West
13 minutes -
It was love at first sight – John Kumah’s widow on how she met new husband
18 minutes -
Don’t credit SML exposure to OSP; it played no role – Dafeamakpor
23 minutes -
Nana Oye urges structured diaspora engagement as Ghana pushes 24-hour economy, export-led growth
30 minutes -
Trade Minister urges manufacturing firms to source locally to drive jobs, industrialisation
31 minutes -
Ghanaians must stop idolising political leaders; they’re servants of the people – Abu Jinapor
35 minutes -
NAPO questions selective renaming of public universities
37 minutes -
Mahama urges Africa-Diaspora unity as reparations debate takes centre stage at Accra summit
39 minutes -
Technical glitch at GRIDCo causes blackout in parts of Kumasi
42 minutes -
Dafeamakpor defends withdrawn OSP repeal bill, says move was to strengthen anti-corruption fight
45 minutes