Ghana continues to be one of the most stable countries in sub-Saharan Africa and has developed substantially over the years. Now one of Africa’s fastest-growing economies, the country is starting to move away from traditional resource dependency. However, it faces the challenge of ensuring the widest benefit from that expansion, given its growing and increasingly urbanised population.
Over the past year a major policy direction of the government has been enhancing domestic tax revenue mobilisation while promoting business growth. Accordingly, the 2018 budget statement and economic policy highlighted a number of tax policy proposals, which are focused mainly on promoting tax revenue generation and incentivising businesses in...
M&A can be an important tool to build scale, improve performance or remove excess industry capacity, and can fuel long-term, profitable growth. While not all M&A deals add value, failures should not necessarily discourage companies from pursuing them. Well-developed due diligence, valuation and integration capabilities can anchor an...
In conjunction with Deloitte Ghana, this chapter contains an introduction to Ghana’s taxation system, including a breakdown of rates imposed on corporate income, regulations governing capital gains and double taxation, and a list of goods and services exempted from value-added tax.
This chapter contains a viewpoint from Charles Larbi-Odam, Country Executive, Deloitte Ghana.
Since assuming power in January 2017 the administration of President Nana Akufo-Addo has moved to rein in fiscal spending, industrialise rural regions and improve the business environment in order to jump-start economic growth. The government has brought down the fiscal deficit and freed up capital spending for priority projects, and Ghana’s economic prospects appear strong for 2018.
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