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Business News of Tuesday, 12 December 2017

Source: classfmonline.com

GRA shuts down Metro TV over tax debt

Metro TV was recently acquired by Jospong groupMetro TV was recently acquired by Jospong group

The Ghana Revenue Authority (GRA) has shut down Metro TV over non-payment of taxes, ClassFMonline.com, has gathered.

The station was closed down in the early hours of Tuesday, 12 December.

A source within the Accra-based television station said the new owners of the station, Jospong Group of companies, were not aware of certain liabilities left by the previous owners, thus the action of the GRA.

In a bid to retrieve the huge amount owed the state in taxes, the GRA shut down the station. It is not yet clear if the new management will pick up the tax liability.

It is recalled that last week the GRA almost shut down the Accra Mall over nonpayment of taxes amounting to GHS2.3 million.

The management of the mall hurriedly paid the debt minutes before the GRA officials stormed the premises to shut it down.