Sol Cement promises to proactively resolve tax issues with GRA

Sol Cement promises to proactively resolve tax issues with GRA

Wan Heng Ghana Limited, the manufacturer of Sol Cement, has announced that it is actively and promptly taking measures to resolve its tax-related concerns with the Ghana Revenue Authority (GRA).

The Ghana Revenue Authority (GRA) shut down the Chinese cement manufacturing firm due to its failure to fulfil tax obligations on Monday, 23, October.

The company’s outstanding tax debt is estimated to exceed ?700 million.

In response to the situation, the company issued a press statement acknowledging its tax arrears to the GRA and pledged to resolve the issue diligently and promptly.

“We want to reassure our valued customers, stakeholders, and the public that we are taking immediate and proactive steps to address this issue. We are in discussions with relevant tax authorities to develop a structured repayment plan that aligns with our financial capabilities and ensures that our tax obligations are met,” it said.

It added that: “SOL Cement remains dedicated to its mission of contributing to the growth and development of Ghana. We understand that paying our taxes is an essential part of fulfilling this commitment. We apologize for any concerns or inconveniences this situation may have caused, and we promise to keep all our stakeholders informed throughout this process.

“We appreciate the trust and support that our customers and partners have placed in us over the years, and we are determined to rectify this situation while continuing to provide top-quality cement products and services.

“We thank you for your understanding and patience during this challenging period. Sol Cement remains committed to being a responsible corporate citizen and a reliable contributor to the Ghanaian economy.”

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