In today’s dynamic and competitive business environment, maintaining financial transparency and accountability is crucial for the success and growth of any business. Professional audit and assurance services play a vital role in ensuring that businesses comply with regulatory requirements, identify potential risks, and make informed financial decisions. we will explore…
In Ghana, the audit process plays a crucial role in ensuring financial transparency, accuracy, and compliance with regulatory requirements. For businesses and organisations, understanding the audit process can help them prepare for a successful engagement with auditors. This blog post aims to provide a comprehensive overview of the audit process…
Payroll is a complex and time-consuming process, and it can be difficult for small businesses to keep up with the ever-changing regulations. Outsourcing payroll to a professional service can save you time, money, and headaches. How it works: When you outsource your payroll, you’ll work with a professional payroll provider…
Ghana plans to convert an estimated 40 billion cedis ($3.3 billion) of loans owed to the Bank of Ghana into bonds, making the Central Bank the single largest holder of domestic government securities and exposing it to the ongoing debt restructuring process. According to people familiar with the matter, the…
Accra – Friday, 28th April, 2023 … Ghana and the United Nations (UN) have signed the United Nations Sustainable Development Cooperation Framework (UNSDCF) agreement. In the agreement, the UN will deploy an estimated US$517m over the period around three key pillars of work; Inclusive Economic Transformation; Equitable Access to Services; and…
Human resources (HR) is a crucial aspect of any business, and staying on top of the latest HR trends is key to ensuring success. As we look to the future, here are 10 HR trends that every business needs to know: Remote Work as the New Normal The COVID-19 pandemic…
The concepts of audit and assurance are intertwined, but they are not the same. Audit and assurance are often confused with each other or interchanged. This write-up seeks to explain the key differences between the two. Before we delve into the conundrum, let us first grasp the meaning of audit…
Human resources (HR) is a crucial aspect of any organisation. Effective HR management can lead to higher employee satisfaction, better performance, and increased profitability. However, managing HR can be a daunting task, especially for small and medium-sized businesses. That’s where HR services companies come in. HR services companies offer a…
Tax planning is very essential for anyone who wants to save money on taxes and improve their financial position. Tax planning involves analyzing the situation of an entity or individual and arranging their tax affairs in a legitimate manner to reduce their tax liability and maximize savings and profits. In…
Personal Income Tax (PIT) Personal Income Tax (PIT) is one of the tax types in Ghana. PIT is a direct tax which is calculated on the chargeable income of resident individuals and non-resident individuals to the extent to which that income has a source in Ghana. Resident individuals are taxed…
Ghana’s foreign direct investments have grown exponentially for many years now. Many entrepreneurs/ business owners (both Ghanaians and foreign nationals) have established businesses in Ghana and are doing massively well. To start a business in Ghana, it is imperative to understand the process of business registration which is governed by…