A massive tax fraud scandal has rocked the Ghana Revenue Authority (GRA) and the local cement industry, following the arrest of top officials linked to Wan Heng Ghana Ltd., producers of Sol Cement.
According to investigations, the company allegedly underreported sales between 2018 and 2021—declaring just GH¢223 million instead of the actual GH¢1.36 billion. This led to a loss of nearly GH¢500 million in unpaid taxes, including VAT, NHIL, and GETFund levies.
The arrest came after GRA’s Tema office raised red flags and referred the matter to national security. Armed officers sealed off the factory premises as the investigation deepens. Several company executives and insiders are now in custody.
The GRA says this is one of the biggest tax fraud cases in recent years and warned other companies to take note. “No one is above the law,” a senior official said.
Industry groups have backed the move, calling it a necessary step toward fairness and accountability. The scandal has sparked wider calls for tighter oversight in sectors with high tax exposure.
This case is expected to go to court soon, and authorities say they will recover every cedi lost.
