JS Morlu Ghana

JS Morlu Ghana We provide tech solutions, auditing, accounting, investigations, tax, training, and management consulting services

She bought the plot in 2016.Built a two-bedroom unit on it four years later. Rented it out to a young couple for GHS 1,2...
16/06/2026

She bought the plot in 2016.

Built a two-bedroom unit on it four years later. Rented it out to a young couple for GHS 1,200 a month. Collected the money every quarter, in cash. Kept it in an envelope in the drawer.

She didn't think of it as a business. It was just the house.

Then the Ghana Revenue Authority sent a letter.

It wasn't an accusation. It was a polite reminder that rental income is taxable — and that the GRA had cross-referenced her property registration with their database. They wanted three years of rental income records. And payment for what was owed.

She didn't have records. She hadn't filed. She didn't even know she was supposed to.

The back taxes, penalties, and interest added up to more than a full year's rent.

Here's what most landlords in Ghana don't realise until they're sitting across from a GRA officer: rental income isn't a grey area. It's taxable income. Whether your tenant is a family friend, a company, or a foreign national — if money is changing hands, GRA wants to know about it.

And the longer you don't file, the more expensive the silence becomes.

So ask yourself honestly —

If you have a rental property in Ghana, are you declaring that income to GRA? Or are you one letter away from a very uncomfortable conversation?

Because the tax code doesn't care whether you knew. It only asks whether you paid.

👉 jsmorlu.com.gh/blog

It's Tax Tuesday! Did you know? Filing your annual tax return in Ghana is mandatory even if your business made no profit...
16/06/2026

It's Tax Tuesday!

Did you know? Filing your annual tax return in Ghana is mandatory even if your business made no profit or you have no tax liability.

Many businesses assume that no tax due means no filing required. Unfortunately, that misconception can lead to penalties, compliance issues, and unnecessary attention from the tax authorities.

◾️ File your annual tax returns on time
◾️ Maintain proper records throughout the year
◾️ Stay compliant and avoid preventable penalties

Tax compliance is not just about paying taxes, it's about meeting your statutory obligations and protecting your business from avoidable risks.

Need guidance on your tax filing obligations? The team at JS Morlu Ghana is here to help.
https://jsmorlu.com.gh/
[email protected]

You called your guy.He called his guy.Three hours later, the problem was solved.Now imagine that guy retires next month....
16/06/2026

You called your guy.

He called his guy.

Three hours later, the problem was solved.

Now imagine that guy retires next month.

That's not a network. That's a single point of failure wearing a contact name.

Ghana's informal economy is genuinely impressive — fast, adaptive, resourceful. But when your operations run on relationships instead of systems, you're one unanswered phone call away from a crisis.

The strongest businesses here build both.

How dependent is your business on one or two key people to keep things moving?

https://jsmorlu.com.gh/blog/business/ghana-relationship-economy-explained/

Your auditor flagged unsupported expenditure. Again.So the team scrambles for receipts, writes a management response, an...
15/06/2026

Your auditor flagged unsupported expenditure. Again.

So the team scrambles for receipts, writes a management response, and files it away until next year.

Same finding. Same cycle.

That is not a documentation problem.

It is a signal that something in your system keeps failing — and nobody is asking why.

Audit findings are not a checklist to clear. They are a diagnostic. Each one is pointing at something deeper about how your organisation is actually run.

What is the one audit finding that keeps coming back in your organisation — and has anyone ever traced it to the root cause?

https://jsmorlu.com.gh/blog/business/ghana-ngo-audit-findings/

June is halfway gone, is your business financially on track?Most business owners are so focused on operations, the books...
15/06/2026

June is halfway gone, is your business financially on track?

Most business owners are so focused on operations, the books get pushed to the back. But what you don't check now can cost you later.

Here are 5 things to review before the month ends:
◾️ Bank reconciliation
◾️ Outstanding invoices
◾️ Cash flow review
◾️ Payroll & tax compliance
◾️ Profit & loss vs last month

Small habits. Big difference.

Need support with your accounting? Contact us today for professional accounting and advisory services.
[email protected] | jsmorlu.com.gh

The office looks good. The Instagram page is popping. The owner just got a new car.But the suppliers haven't been paid i...
15/06/2026

The office looks good. The Instagram page is popping. The owner just got a new car.

But the suppliers haven't been paid in 60 days.

Revenue is coming in. Cash isn't staying.

The business looks successful. It isn't.

Most businesses in Ghana aren't failing loudly — they're quietly eroding from the inside. Busy schedules, weak systems, and lifestyle inflation are doing more damage than any bad market.

What's the one thing in your business that looks fine on the surface but you know needs fixing?

https://jsmorlu.com.gh/blog/business/silent-collapse-ghanaian-businesses/

Part 4 of 7 — The Maths Behind the ObligationIAS 19 doesn't let you estimate loosely. It prescribes exactly how your obl...
12/06/2026

Part 4 of 7 — The Maths Behind the Obligation

IAS 19 doesn't let you estimate loosely. It prescribes exactly how your obligation must be calculated.

The standard requires entities with defined benefit obligations to use the Projected Unit Credit (PUC) method an actuarial approach that estimates the present value of benefits earned as at the reporting date.

To do it properly, you need:
◼️ A discount rate (derived from government bond yields in the Ghanaian context)
◼️ Future salary growth assumptions
◼️ Employee turnover rates
◼️ Mortality statistics
◼️ Average remaining working lives

These assumptions must be reviewed at every reporting date. When they change, the resulting gains and losses are recognised in Other Comprehensive Income directly affecting equity.

Using a rough estimate instead of this method isn't a shortcut. It's a misstatement.
Contact us today for professional employee benefits valuation support.
https://jsmorlu.com.gh/
[email protected]

Your revenue is up. Your team is growing. Your operations are held together with Excel and good intentions.That's not sc...
12/06/2026

Your revenue is up. Your team is growing. Your operations are held together with Excel and good intentions.

That's not scale. That's risk wearing a suit.

More customers mean more complexity.

More complexity without systems means more chaos.

Growth doesn't break businesses. Outgrowing your infrastructure does.

The companies that will lead Ghana's next decade aren't the biggest — they're the most operationally disciplined.

What's the one system in your business that you know needs replacing but keeps getting pushed to "next quarter"?

https://jsmorlu.com.gh/blog/business/ghana-digital-transformation-gap/

Buying a business is one of the biggest financial decisions you'll ever make and what you don't know can cost you far mo...
11/06/2026

Buying a business is one of the biggest financial decisions you'll ever make and what you don't know can cost you far more than the purchase price.

Due diligence isn't a formality. It's your last line of defence before the deal closes.

Before you commit, here's what every serious business buyer should be reviewing:
◼️ Financial records — Are the numbers real, consistent, and audited?
◼️ Tax compliance — Is the business current with GRA? Are there outstanding liabilities?
◼️ Legal structure — Who actually owns what you're buying, and are there encumbrances?
◼️ Contracts & liabilities — What obligations and legal exposure are you inheriting?

Skipping or rushing any of these steps exposes you to significant financial, legal, and reputational risk after the transaction closes.

At JS Morlu Ghana, our Advisory team supports buyers through every stage of the due diligence process from financial analysis to risk identification so you go into every deal with full visibility and confidence.

Contact us today for professional transaction advisory support.
jsmorlu.com.gh
[email protected]

You collected two years' rent upfront.Spent it. Reinvested it. Moved on.Then GRA comes asking about Year 1.Most landlord...
11/06/2026

You collected two years' rent upfront.

Spent it. Reinvested it. Moved on.

Then GRA comes asking about Year 1.

Most landlords in Ghana don't realise advance rent is taxable in the year it lands in your account — not spread across the lease period.

One lump sum. One tax year. One assessment you weren't ready for.

The obligation isn't complicated. The records just have to exist.

How are you currently accounting for advance rent — are you tracking it by receipt date or by lease period?

https://jsmorlu.com.gh/blog/tax/ghana-rental-income-tax/

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