B5 Plus Company Limited has presented a GH¢400 million tax cheque to the Ghana Revenue Authority (GRA), as the Authority called on businesses and citizens to take greater responsibility for financing Ghana’s development.
B5 Plus, chaired by Mukesh Thakwani, operates in Ghana’s iron and steel manufacturing sector. The company’s tax contribution highlights the role of industrial activity and corporate compliance in strengthening domestic revenue mobilisation.
At the presentation, Commissioner of the GRA’s Domestic Tax Revenue Division, Dr Martin Kolbil Yamborigya, commended B5 Plus for its tax compliance and urged other businesses and individuals to follow its example.
“The taxes paid by B5 Plus are not simply figures on a tax statement. They represent a contribution towards the provision of roads, schools, hospitals, security, social interventions and other public services that benefit all of us,” he said.
Dr Yamborigya said a stronger domestic revenue base was essential to sustaining development and reducing Ghana’s dependence on borrowing and external assistance.
He also stressed the government’s responsibility to ensure that public resources are used efficiently and accountably.
“Government has a responsibility to use public resources efficiently and accountably,” he said, adding that the GRA must administer tax laws fairly, efficiently and professionally.
The Commissioner urged taxpayers to keep proper records, file accurate returns on time and pay the correct taxes.
He also appealed to consumers to help reduce revenue leakage by requesting VAT invoices for applicable purchases.
“When you pay VAT, ask for your VAT invoice,” he said.
Dr Yamborigya further encouraged the media to support public education and scrutiny on taxation, while reaffirming the GRA’s commitment to making tax compliance easier, fairer and more convenient.
Addressing B5 Plus, he linked the company’s compliance to the broader responsibility of businesses towards Ghana’s development.
“Your compliance is your contribution. Your contribution is part of Ghana’s…” he said.
