(Last updated: 12 Feb 2013)
Taxation
Tax rates and incentives vary. The standard corporate tax rate is currently 25 per cent, but a variety of tax and non-tax incentives are offered to investors regardless of their country of origin. Tax incentives range from a 0 per cent tax rate, to reduced corporate tax rates and tax exemptions.
A resident company for tax purposes is one that is incorporated under the laws of Ghana, or has the management and control of Ghana, or has the management and control of its business exercised in Ghana at any time during the year of assessment.
It is important to note that the tax system is currently being reviewed. Please contact the Austrade Ghana office for the most up to date information.
Top Business Risks
OECD Guidelines for Multinational Enterprises
Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.
Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) is a voluntary mechanism which promotes and supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas, and mining.
The EITI is supported by governments, industry, and non-government organisations around the world. The Australian Government supports the EITI and encourages Australian companies operating internationally to comply with its recommendations.