Tax
From The Report: Ghana 2017
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In conjunction with Deloitte, OBG explores the taxation system, examining Ghana’s investor-friendly environment.

OBG talks to Felix Nana Sackey, Managing Partner and CEO, Deloitte Ghana, on financial statements.

Articles from this Chapter

Overview

Paying dues: Legislation has been updated to reflect new realities
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New income tax legislation known as the Income Tax Act, 2015 (Act 896) went into effect on January 1, 2016. The tax law covers operations in all industries, including petroleum, minerals and mining, and financial services, among others. The new income tax law also seeks to widen the country’s tax base and consolidate the various income tax laws to facilitate the application and use of this legislation. A number of significant changes have been introduced under Act 896 which are targeted…

Viewpoint

Reporting standards: Felix Nana Sackey, Managing Partner and CEO, Deloitte Ghana, on financial statements
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Viewpoint:Felix Nana Sackey International Accounting Standards (IAS) 1 Presentation of Financial Statements is the International Financial Reporting Standard (IFRS) governing the presentation of financial statements and also applicable in Ghana since the Institute of Chartered Accountants Ghana’s adoption of IFRS. IAS 1 Presentation of Financial Statements sets out the overall requirements for financial statements, including how they should be structured, minimum requirements for their content…