The employers and employees pension guide. Pensions play a crucial role in ensuring financial security and well-being for individuals in their retirement years. In Ghana, the landscape of employer-sponsored pensions has evolved significantly in recent years, reflecting the country’s commitment to improving social safety nets and promoting financial stability for…
Ensuring proper management of employee taxes and pensions stands as a fundamental obligation for businesses and organisations. It serves a dual purpose, both facilitating adherence to tax regulations and safeguarding the financial futures of employees. To assist employers in navigating this intricate terrain, we have devised an exhaustive Employee Taxes…
The Ghana Revenue Agency (GRA) is one of the most feared government agencies. While it is common knowledge that the government would ask for taxes to be paid, it doesn’t mean that the practice of auditing the tax returns is an accepted practice. There are a lot of people who…
In Ghana, Small and Medium-sized Enterprises (SMEs) are the backbone of the economy, contributing significantly to economic growth, job creation, and poverty reduction. However, for these SMEs to thrive and achieve sustainable growth, they must navigate the complex world of accounting and financial reporting effectively. In this blog post, we…
In today’s dynamic business landscape, organizations in Ghana are constantly evolving to remain competitive and sustainable. One of the key factors that contribute to long-term success is effective workforce planning and succession management. In this blog post, we will explore the importance of workforce planning for long-term organizational success in…
Ghana, a vibrant and culturally rich West African nation, has been steadily attracting foreign investors due to its stable economy and investment-friendly policies. However, before setting up business operations in this promising market, it’s crucial to gain a thorough understanding of Ghana’s compliance and labour laws. This blog post aims…
Corporate taxation plays a vital role in the economic growth and development of any nation, including Ghana. It is essential for businesses operating in Ghana to have a thorough understanding of the corporate tax rates, regulations, incentives, and tax planning strategies in order to navigate the tax landscape effectively. In…
In Ghana, the integrity and stability of financial institutions play a crucial role in the country’s economic growth and development. Auditing serves as a vital tool in ensuring transparency, accountability, and trust within these institutions. This blog post aims to delve into the role of audits in safeguarding the integrity…
Intellectual property (IP) plays a crucial role in promoting innovation, protecting creativity, and driving economic growth. In Ghana, the recognition and protection of IP rights have gained significant importance in recent years. This blog post aims to provide a comprehensive understanding of intellectual property rights in Ghana, highlighting their significance…
Financial analysis involves utilizing financial data such as income statements, balance sheets, and cash flow statements to evaluate a company’s performance and provide recommendations for improvement. Some organisations may be hesitant to delve into their financial figures due to improper records, lack of expertise in data analysis, or simply not…
Managing payroll is a crucial aspect of any business, and for businesses in Ghana, it can be especially challenging. The complexities of Ghanaian tax and labour regulations, combined with limited resources, can overwhelm business owners. However, there is a viable solution: payroll outsourcing. We will explore the key benefits of…
In April 2023, Ghana’s Parliament passed the Income Tax (Amendment) Act, which brought significant changes to the Income Tax Act. These amendments encompass revised income tax rates for individuals, the introduction of a withholding tax rate on asset and liability realisation, and the addition of an extra income tax bracket.…