The Report: Ghana 2013

The Report: Ghana 2013

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Economic growth has been extremely robust following the countrya€™s discovery of oil in 2007, reaching well into the double-digits and driving a boom in consumption and investment. The discovery in Ghanaa€™s offshore Jubilee field in 2007 represented something of a turning point in the countrya€™s economic trajectory. Followed by growth rates that at one point reached above 14%, as well as a GDP re-basing that improved the accuracy of its reporting, the country has moved up into lower middle-income status. As a result of its recent economic surge and stable environment, investment levels have continued to rise, as companies both foreign and domestic are eager to capitalise on the countrya€™s wealth of natural resources and growing middle class. There have been challenges, as public spending comes under pressure and commodity exports remain exposed to exogenous shocks, but the economya€™s fundamentals are encouraging.There is a 6% communication services tax on all communications-related transactions. ... which covers transfer pricing, was introduced in September 2012 to address the limitations of the provisions outlined in Sections 70 and 112 of Act 592, anbsp;...

Title:The Report: Ghana 2013
Author:Oxford Business Group
Publisher:Oxford Business Group - 2013-09-27


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