Search results
Results From The WOW.Com Content Network
The Ghana Audit Service is an independent government agency in Ghana that is responsible for carrying out the audits on the accounts of the Government, Regions as well as the activities of the Ministries, Departments, Agencies and Companies under the Government of Ghana. [1]
The auditor-general of Ghana is the head of the Ghana Audit Service, a legislative branch agency re-established by the government of Ghana in 1992 through the 1992 Constitution of Ghana. [1] It was established as part of the Audit Service through Article 188 of the 1992 Constitution of Ghana as part of the Public Services of Ghana.
The Ghana Revenue Authority (GRA) is the Ghana administration charged with the task of assessing, collecting and accounting for tax revenue in Ghana. [1] [2]As part of efforts to improve compliance, the Authority is required to assist taxpayers to understand and meet their tax obligations by providing robust and comprehensive advice.
The top income tax and corporate tax rates are 25%. Other taxes included with value-added tax (VAT), are the national health insurance levy, and a capital gains tax. The overall tax burden was 12.1% of Ghana's total domestic income in 2013. Ghana's national budget was the equivalent of 39.8% of GDP in 2013. [32]
In July 2020, Aseidu assumed the position of acting Auditor-General of Ghana after his boss Daniel Yaw Domelevo was asked to go on accumulated leave of 167 working days. [ 2 ] [ 3 ] He continued in that role also from March 2021 following a controversial retirement of Domelevo till his elevation to Auditor-General of Ghana.
Quartey is a trained accountant by profession. In 1976, he joined the Ghana Audit Service and Office of the Auditor-General, Ghana. In 2005, he served as the Auditor-General's Office representative on the Accounting Standards Committee of the Institute of Chartered Accountants of Ghana to put together accounting standards for Ghana resulting in the Ghana National Accounting Standards. [7]
Capital gains on securities listed on the exchange will remain exempt from tax until 2015. The exemption of capital gains applies to all investors on the exchange. There are no exchange control regulations on the remittance of original investment capital, capital gains, dividends, interest payments, returns and other related earnings.
In 2016, he was appointed by President John Mahama to serve as Auditor-General of Ghana. [2] [3] In his role as Auditor-General of the country, he also served as keynote speaker for public lectures on auditing, corruption and issues relating to management of finances [7] [8] [9] On 20 September 2018, he was the keynote speaker at the 3rd Kwadwo Baah-Wiredu Memorial Lecture.