Ghana Announces Double Taxation Agreements with 10 Countries to Boost Investments
Ghana’s government says it has signed double taxation agreements with 10 countries towards giving investors a stable and conducive tax scheme.
The world’s second largest cocoa producer hopes that the signing of such agreements will encourage investments and in turn, facilitate the transfer of skills and technology.
The countries are Belgium, Denmark, France, the United Kingdom, Switzerland, Mauritius, South Africa, Italy, Netherlands and Germany.
Assistant Commissioner in charge of Legal Affairs and Treaties at the Ghana Revenue Authority, Eric Mensah, speaking at the Economic Counsellors’ Dialogue in Accra said the agreements aim at eliminating juridical or economic double taxation.
The Economic Counsellors’ Dialogue was organised by the Ghana Investment Promotion Centre (GIPC) as part of efforts to assist businesses in understanding the rudiments of investing in the country.
He said the government had signed similar agreements with Barbados, Czech Republic, Seychelles, Singapore, Ireland, Malta, Qatar, and Morocco which are yet to be enforced.
“Ghana had also held talks with Iran, Norway, Luxembourg, Portugal, Korea, Saudi Arabia, Nigeria and the United Arab Emirates but they are yet to sign an agreement,” he added.