The Ghanaian Chronicle

The paper carries a front-page story which reads "CEPS bursts Kwatsons". According to the paper, Kwatson Impex Limited, a Lebanese owned company has evaded duties and taxes totalling ?808 million. The paper added that this amount represents only one transaction by Kwatsons and wonders how much money the State many have lost over the years, because in this particular instance, they have evaded duties and taxes on video decks, television sets, Hi-Fi systems and wristwatches. The paper continued that it suspects the collusion of some CEPS officers, since they could not have been successful in their act without the consent of the officer who escorted the goods from Tema Port and the resident officer at the warehouse of Kwatsons. According to the paper, Dr. Charles Asembri, who until last week was the Commissioner of CEPS has slapped a 100% pecuniary penalty on the company bringing the overall total of indebtedness to ?1.616 billion. The paper says, by Thursday afternoon, they learnt that Kwatsons had paid ?300 million of their debt and had applied for a rescheduling of the rest.