Small and medium-sized enterprises (SMEs) pervade the business world. In virtually every jurisdiction ( including Ghana), from the largest economies down to the smallest, over 99% of companies have fewer than 50 employees. In most jurisdictions the law requires SMEs to prepare and publish financial statements and have them audited. The global trend in the past decade has...
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Articles & Analysis | A look at International Financial Reporting Standards for SMEs from The Report: Ghana 2014
In conjunction with Deloitte, OBG explores the taxation system, examining Ghana’s investor-friendly environment. OBG talks to Felix Nana Sackey, CEO and Managing Partner, Deloitte.
Ghana has developed a reputation as a robust and stable democracy, and with a storied legacy of pan-African initiatives it has long punched above its weight diplomatically. While the recent oil boom following the discovery of the offshore Jubilee field in 2007 has helped to fuel GDP growth as much as 14% over recent years, it is now projected to slow to a more modest 4.5% in 2014.
Articles & Analysis | Building a responsive and efficient tax regime from The Report: Jordan 2014
Over the past decade, Jordan’s business environment has experienced significant and rapid changes in terms of both its complexity and competitiveness in global markets. Increased demand for qualified labour, coupled with growing international competition for resources, have forced Jordanian businesses to remain flexible and become more resourceful.
Interviews & Viewpoints | Tackling obstacles: Ali Samara, Partner, EY Jordan, on real solutions for the kingdom’s revenue shortage from The Report: Jordan 2014
The kingdom’s economy relies heavily on tax revenues and foreign aid to secure the funds required to provide public services. In order to increase tax revenues, and consequently reduce dependence on foreign aid, the government should allocate resources towards increasing the efficiency of the tax system, and encourage compliance at both the...
This chapter contains an overview of the tax framework in which local and foreign investors operate including an introduction to a new investment law aimed at improving tax governance, an examination of the various treaties that have been established with partner countries and a breakdown of general sales tax and special sales tax.
This chapter contains a viewpoint from Ali Samara,...