Tax
From The Report: Ghana 2022
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In conjunction with PwC, this chapter explores the taxation system and Ghana’s efforts to build an investor-friendly environment. It also contains an interview with Vish Ashiagbor, Country Senior Partner, PwC Ghana.

Articles from this Chapter

Overview

Custom approach: Introduction to the tax framework for individuals and businesses
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The Ghana Revenue Authority (GRA) is the agency mandated to assess and collect taxes in the country. It enforces tax-related legislation, and acts as an arbitrator in the event of a dispute. It falls under the umbrella of the Ministry of Finance and Economic Planning. Taxes in Ghana are divided into two main categories: direct taxes which are levied on income or profit, and indirect taxes which are levied on undertaken transactions. Taxable persons are categorised as either individuals or entities.…

Analysis

Gaining clarity: Lawmakers implement regulations to simplify tax compliance
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The value-added tax (VAT) regime in Ghana can be complicated, as it blends both the features of a traditional sales tax, which lacks the ability to claim credit for some aspects of the tax incurred by a business – and a pure VAT, where claims are permitted for input taxes incurred. The tax was first introduced in 1995, and meant to replace both sales and services taxes – which policy analysts said created inflationary pressure on prices. While the initial implementation was short-lived, it was…

Viewpoint

In with the new: Vish Ashiagbor, Country Senior Partner, PwC Ghana, on the functionality of the National Identity Card
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Viewpoint:Vish Ashiagbor The National Identity Card has been a positive development for the country. It started in 2017, and we have seen significant progress in card registration in recent years. It is becoming an important identification card both for Ghana and the ECOWAS subregion. The card, which is issued by the National Identification Authority, is generally referred to as the Ghana Card; however, it is also officially the ECOWAS Identity Card, and was issued with ECOWAS regional utilisation…