Wan Heng Ghana Limited, producers of Sol Cement have assured that they are committed to fulfilling their tax obligations to the country.
This follows the closure of the Chinese-owned cement manufacturing firm by officials of the Ghana Revenue Authority (GRA) for tax default amounting to more than 700 million Ghana cedis.
The company was cited for the VAT infraction including corporate income tax and penalties, after a tax audit by the GRA tax enforcement. It failed to pay taxes for more than two years and has been asked to settle the amount within 10 days.
The company in a statement apologized and assured its stakeholders that it is committed to resolving the matter.