Sources close to the matter revealed that Amarh-Quaye, who is believed to be linked to 29 separate companies, has come under scrutiny for tax filings that do not correspond with the financial obligations he is expected to meet. The freezing of his accounts comes shortly after he held a lavish 40th birthday celebration, which has drawn widespread attention online. Some sources have estimated the event’s cost to be as high as $2 million.
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.. In response to the controversy, Bills Micro Credit issued a public statement clarifying its stance: The company operates within Ghana’s heavily regulated financial services sector and is working to protect itself from any reputational or regulatory fallout stemming from its founder’s public image.
It remains uncertain whether the bank account freeze took place before or after the extravagant party. Ghana’s Revenue Authority (GRA) routinely investigates high-net-worth individuals to verify that their tax payments reflect their true earnings. In cases of underpayment, individuals are typically given an opportunity to resolve discrepancies, although such actions are usually handled discreetly to maintain privacy and prevent securit.
