Ibrahim Mahama, a brother of former President John Mahama, has settled a Gh¢12 million debt owed the Ghana Revenue Authority (GRA).
He was given a two-week ultimatum to clear the colossal amount failure of which his assets would have been confiscated by the State.
The beleagured businessman reportedly issued over 20 dud cheques in 2015 to the Customs Division of the GRA, being duties for imports of equipment.
Two Stanbic Bank cheques bearing the names of MBG Ltd and Holman Brothers both companies belonging to Ibrahim Mahama has been issued to the GRA to settle the debt.
Both cheques were issued on May 4, 2017. MBG Ltd owes Gh¢10,216,258.47 while the latter is due to pay Gh¢2,176,544.61. Ibrahim Mahama had a settlement arrangement with GRA since December 2016, but failed to honour that deal from February 2017.
But GRA officials went to the bank to cash the cheques but were shocked when they were informed that the “accounts were closed.”