Ibrahim Mahama's companies settle over ¢12m debts

MBG Limited and Holman Brothers, businesses owned by Ibrahim Mahama have fulfilled all financial obligations to the Ghana Revenue Authority (GRA).

The GRA had been engaged in a tussle with the two companies over monies owed the revenue agency.

Issues came to a head when owner of the entity, Mr Ibrahim Mahama, brother of former President Mahama reneged on a payment plan and whiles some cheques issued were not honoured by his bankers.

The GRA had given a two-week ultimatum for MBG Limited, a heavy duty equipment dealer, and Holman Brothers to honour the amounts due or face legal action.

Assistant Commissioner for Communication at the GRA, Robert Mensah, told Joy FM’s Super Morning Show the decision was reached after the two companies consistently defaulted.

Mr. Mensah said MBG Limited owed GHS13.15 million in duties in December 2016 – it was supposed to have paid up by November 2015.

The other company, Holman Brothers also owed an amount of GHS3.71 million as of December 2015.

Realising that getting the two companies to settle their outstanding debts was becoming a problem, the GRA, the Assistant Commissioner said, entered into settlement arrangements with the companies.

Under the arrangements, MBG Limited was supposed to make a monthly payment of 800,000 from December 2016 to December 2017.

The second company, Mr. Robert Mensah said, was also to pay GHS192,000 monthly for 13 months to clear its indebtedness.

But the two companies defaulted, compelling the GRA to scrap the arrangement and demand full settlement of the indebtedness with interest which has been outstanding since 2015.

Anti-graft agency, the Economic and Organised Crimes Office (EOCO) last month interrogated Mr. Ibrahim Mahama over dud cheques issued for the payment of import duties to the GRA.

But both companies Friday said they have issued two separate cheques to defray the debt.

One cheque issued is to the tune of GHS10,216,258.47 and the second cheque amounts to GHS2,176,544.61

Story by Ghana | | Abubakar Ibrahim