The Ghana Revenue Authority (GRA) has taken action against the Chinese cement manufacturing company, Sol Cement, due to its outstanding tax liabilities exceeding GH₵700 million.

Located in the Tema Industrial Area, the company has been found in violation of Value Added Tax (VAT), Corporate Income Tax (CIT), and has incurred penalties, among other infractions, which have gone unpaid for a period exceeding two years.

To address this issue, the Tax Enforcement Team of the GRA conducted a tax audit and subsequently locked down the company's premises.

Furthermore, a restraining order has been issued to prohibit owners and employees from accessing the facility. The closure will be in effect until further notice, at which point the necessary legal proceedings will be initiated.

The GRA has been unsuccessful in its previous attempts to collect the outstanding taxes as the company's management has not complied with tax clearance efforts.