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Introduction Risk is a constant in business, and while it cannot be eliminated entirely, it can be managed. Proactive risk management is essential to any business’s growth, survival, and long-term success. Effective risk management involves identifying, assessing, and prioritizing risks and implementing strategies to minimize or mitigate their impact. Business risks can arise from market…
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Introduction The Electronic Transfer Levy (E-Levy) was introduced by the Government of Ghana on 17th November 2021 as a tax on digital financial transactions. Initially proposed at 1.75%, the final rate was pegged at 1% through the passage of the Electronic Transfer Levy Act, 2022 (Act 1075) and its amendment, Act 1089. The levy, administered by the Ghana Revenue Authority (GRA), applied to…
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Understanding and complying with Ghana’s tax laws not only ensures legal and financial security but also provides businesses and individuals with various tax reliefs designed to reduce their tax burden. What Are Tax Reliefs? Tax reliefs are allowances granted to resident individuals and corporate entities to lower their taxable income, ultimately reducing the amount of…