Presidential aspirant Nana Kwame Bediako, also known as Cheddar, has reportedly been fined GH¢7 million for failing to file personal income tax returns from 2013 to 2016.
Despite settling a sum of GH¢209,171.00 between 2018 and 2020, he once again failed to file his returns for the post-2020 period,” the source said.
The source revealed that for the years 2021-2022, the GRA estimated Cheddar’s tax assessment to be GH¢2,088,228 and GH¢5,096,536 respectively, along with penalties for his failure to file his personal income tax returns.
The source stressed personal income tax’s role in revealing investment activities and questioned Cheddar’s ethical standing. The GRA’s substantial fines emphasize accountability and transparency for those advocating national progress.
The source said, As a presidential candidate and self-proclaimed savior of Ghana, his actions set a worrisome example for the ethical standards expected from individuals in influential positions.”
The significant fines imposed by the GRA highlight the seriousness of Cheddar’s tax evasion, emphasizing the importance of accountability and transparency, especially for those who claim to champion the progress of the nation.
Cheddar’s financial success, detailed on a TV show, stems from UK ventures. At 21, he earned a million pounds from telecom and scrap sales which is about GHC14,876,600 according to the CediRates Currency Converter (cedirates. comcurrency-converter).
Despite the success, he acknowledges investment challenges. As he enters politics, pledging youth opportunities, questions linger about his financial practices and commitment.
