Nyansa

Nyansa Audit, Tax & Advisory for Companies Operating in Ghana | Licensed External Auditors Specialised services include Training, Accounting, Tax, Advisory and Audit.

Nyansa believes in Personal Development and Teamwork and places our customers at the core of our values. The company provides support services to local and foreign companies looking to setup, develop or expand their business in Ghana.

Ghana just rewrote the rulebook for foreign investment.On 15 July 2026, the Ghana Investment Promotion Authority Act (Ac...
30/07/2026

Ghana just rewrote the rulebook for foreign investment.

On 15 July 2026, the Ghana Investment Promotion Authority Act (Act 1173) replaced the 2013 GIPC Act. For foreign companies, the headline is simple: it's getting easier to enter Ghana — and there's more to manage once you're in.

Working in your favour:
• Expatriate quotas expanded sharply — up to 12 automatic work permits (previously capped at 4), now valid for 5 years.
• Trading-enterprise entry capital cut from US$1m to US$500k.
• Broader capital-threshold rules removed.

Keep on your radar:
• GIPA registration now renews annually, not every two years.
• Technology-transfer agreements must be registered to be enforceable, tax-deductible, and remittable abroad.

Our read: Ghana has lowered the cost of entry while tightening the discipline of staying compliant. For CFOs planning entry or expansion, both the window and the workload just moved.

Most finance teams in Ghana know they need to withhold tax. Fewer know exactly which rate applies to which payment — or ...
15/07/2026

Most finance teams in Ghana know they need to withhold tax. Fewer know exactly which rate applies to which payment — or that the liability stays with them if they miss it.
Ghana's WHT regime is not complicated. But getting it wrong is expensive.
How it works. WHT is an advance payment of income tax deducted at source. When your entity makes a qualifying payment, you deduct the applicable rate before paying your supplier and remit that amount directly to the GRA. Your supplier receives a credit against their final tax liability.
The rates that apply to most companies.
For resident payments: dividends attract 8%. Rent on residential property is 8%, commercial property 15%. Director and manager fees are 20%. Supply of goods above GH₵2,000 is 3%, works 5%, and services 7.5%.
For non-resident payments: management, consulting, and technical service fees attract 20%, as does any payment for goods, works, or services. These rates may be reduced under Ghana's Double Tax Agreements — so if you are making cross-border payments to a country with which Ghana has a DTA, it is worth reviewing whether a reduced rate applies before you withhold at the standard rate.
Three rules that catch companies out.
The GH₵2,000 threshold means WHT on goods, works, and services only triggers on payments above that amount. The 15th of the month deadline for remittance is hard — late payment attracts interest and penalties. And if you fail to withhold, GRA pursues you as the withholding agent, not your supplier.
If your Ghana entity makes regular payments to contractors, service providers, or related parties — resident or non-resident — and your WHT compliance hasn't been reviewed recently, it is worth doing before your next filing.
📞 +233 (0)30 276 8921 | +233 (0)20 151 8000
📩 [email protected]
🌐 nyansa-africa.com

Ghana has 6 tax obligations every foreign company CFO needs to understand.Most get the basics right. The costly mistakes...
07/07/2026

Ghana has 6 tax obligations every foreign company CFO needs to understand.
Most get the basics right. The costly mistakes happen in the details.
Corporate Income Tax — 25% standard rate, paid in quarterly instalments. Miss an instalment and penalties compound quickly.
VAT — Reduced to 20% under Act 1151 (effective January 2026), with NHIL and GETFund levies now reclassified as input tax deductions. If you haven't reviewed your VAT position since January, you may be overpaying.
Withholding Tax — Applies to dividends, royalties, management fees and services. Rates vary by payment type and recipient residency.
Transfer Pricing — Ghana's transfer pricing rules require arm's length pricing and formal documentation for all related-party transactions. GRA scrutiny in this area is increasing.
Double Tax Agreements — Ghana's DTA network can significantly reduce your withholding tax exposure on cross-border payments. Most companies don't fully utilise what's available to them.
Industry-Specific Levies — Mining, Oil & Gas, and Communications companies face additional sector levies beyond the standard regime. These are frequently misapplied.
If your Ghana tax position hasn't been reviewed in the last 12 months, it's worth a conversation.
📞 +233 (0)30 276 8921 | +233 (0)20 151 8000
📩 [email protected]
🌐 nyansa-africa.com

Most foreign companies operating in Ghana assume they pay 25% Corporate Income Tax. Some are right. Many are not.Ghana's...
07/07/2026

Most foreign companies operating in Ghana assume they pay 25% Corporate Income Tax. Some are right. Many are not.
Ghana's CIT regime is sector-specific. The rate that applies to your entity depends on what you do, where you operate, and how your structure is set up — and getting it wrong costs you either overpayment or a GRA penalty.
Here are the rates that matter:
25% — General rate. Applies to most companies, including the majority of foreign subsidiaries operating in Ghana.
35% — Petroleum operations and mineral and mining companies. If you are in upstream Oil & Gas or mining, this is your baseline — before sector-specific levies.
22% — Hotel industry. A reduced rate that applies to qualifying hospitality businesses.
8% — Non-traditional exports. One of Ghana's more attractive incentives for companies generating export revenue outside the traditional commodity sectors.
0% — Free Zone enterprises for the first 10 years from the date of commencement of operations. After the concessionary period, the rate is 15% on exports and 25% on domestic sales.
Three things beyond the rate that every CFO must understand:
First, quarterly CIT instalments are mandatory — four payments due at months 3, 6, 9, and year-end. Missing an instalment triggers interest and penalties that compound quickly, regardless of your final tax liability.
Second, the Growth and Sustainability Levy applies on top of CIT. Category A entities — which includes banks, telecoms, insurance companies, mining support services and upstream petroleum service companies — pay an additional 5% of profit before tax. All other entities pay 2.5%.
Third, losses can be carried forward for up to five years. If your Ghana entity has been loss-making, there may be unrelieved losses available that reduce future CIT — but only if they have been properly documented and filed.
If your Ghana CIT position has not been reviewed by a tax adviser who knows the local regime in detail, it is worth doing before your next instalment falls due.
📞 +233 (0)30 276 8921 | +233 (0)20 151 8000
📩 [email protected]
🌐 nyansa-africa.com

Ghana is one of the most attractive business destinations in West Africa.It is also one of the easiest places to get the...
30/06/2026

Ghana is one of the most attractive business destinations in West Africa.
It is also one of the easiest places to get the compliance piece badly wrong.
Foreign companies entering Ghana face a combination that catches many off guard: a tax regime that changes frequently, a mandatory statutory audit requirement, payroll and immigration rules that differ significantly from what you're used to, and a regulatory environment where the consequences of non-compliance land on the local entity — and its directors.
Most companies find this out after the fact.
Since 2009, Nyansa has worked with companies in Mining, Aviation, Oil & Gas, and Communications to help them do this right from the start — tax structuring, statutory audit, outsourced accounting, payroll, and business setup, all under one roof.
If you're evaluating Ghana or already operating here and want to know where your exposure sits, we're worth a conversation.
📍 Accra, Ghana 🌐 nyansa-africa.com 📩 [email protected] 📞 +233 (0)30 276 8921 | +233 (0)20 151 8000

Ghana's VAT system changed on 1 January 2026. If your business hasn't reviewed its VAT position yet, here are the six ch...
25/06/2026

Ghana's VAT system changed on 1 January 2026. If your business hasn't reviewed its VAT position yet, here are the six changes that matter most.

1. VAT rate is now 20%
The effective rate dropped from 21.9% to 20% — made up of VAT at 15%, NHIL at 2.5% and GETFund at 2.5%. The change also means NHIL and GETFund levies are now claimable as input tax, which was not the case before.

2. The VAT Flat Rate Scheme is abolished
Retailers, real estate developers and commercial property suppliers previously on the 3% or 5% flat rate are now required to charge VAT at the standard rate of 20%. This affects pricing, cash flow and your accounting system configuration.

3. The Covid-19 Health Recovery Levy is repealed
The 1% levy on domestic supply and importation has been removed. If it's still appearing on your invoices or in your accounting system, that's an error that needs to be corrected.

4. VAT registration thresholds have changed
For goods suppliers, the threshold has increased from GH₵200,000 to GH₵750,000. For service providers, there is now no threshold — all service providers are required to register for VAT regardless of turnover.

5. Penalties for non-registration have increased sharply
The penalty for failing to register has changed from up to twice the unpaid VAT to three times or more. Unregistered importers now pay 20% upfront VAT at the port — up from 12.5%.

6. Mining and exploration companies have new VAT relief
VAT relief now applies to goods and services supplied in connection with reconnaissance and prospecting activities. This is a meaningful change for early-stage mining investors that previously faced VAT as an upfront cost with no income to offset it.

If you are operating in Ghana and haven't reviewed how Act 1151 affects your entity, the time to do that is now — not at year-end when errors are harder and more expensive to correct.
📞 +233 (0)30 276 8921 | +233 (0)20 151 8000

📩 [email protected]

🌐 nyansa-africa.com

The future of investment in Ghana is here! The new GIPA Bill is cutting red tape and creating exciting opportunities for...
30/03/2026

The future of investment in Ghana is here! The new GIPA Bill is cutting red tape and creating exciting opportunities for foreign investors. Discover the modernized framework that's unlocking Ghana's potential. 🚀

Building a stronger, more cohesive team starts with trust and collaboration! We recently had the pleasure of facilitatin...
24/03/2026

Building a stronger, more cohesive team starts with trust and collaboration! We recently had the pleasure of facilitating a dynamic teambuilding session for the team at Solevo Ghana Ltd.

Our program focused on enhancing team cohesion through engaging outdoor activities designed to build confidence and improve communication. Highlights from the day included:
*Egg Drop Challange: A challenge focused on collective problem-solving and involving every team member.
* Helium Sticks: A counterintuitively difficult team-building exercise
* Hula Hoop Pass: Reinforcing interdependence and teamwork.
* Blindfold Circle Draw: Building awareness of others and collective ownership.

We concluded with a debriefing session to link these fun insights directly back to workplace dynamics. The results? Enhanced information sharing, better group decision-making, and a more adaptable, supportive team.

Does your team need a refresh? At Nyansa, we provide lively, interactive training tailored to the unique needs of corporate professionals.

Contact us today on 020 151 8000 to see how we can help your team think anew about leadership and collaboration.

Ghana has announced a major overhaul of its Value Added Tax (VAT) system, effective January 1, 2026. Key changes include...
31/12/2025

Ghana has announced a major overhaul of its Value Added Tax (VAT) system, effective January 1, 2026. Key changes include a reduction in the effective VAT rate and the abolition of the COVID-19 Health Recovery Levy.

Key VAT Reforms (Effective January 1, 2026):
- Effective Rate Reduction: The effective VAT rate will decrease from 21.9% to 20%. This is a result of integrating the National Health Insurance Levy (NHIL) and the Ghana Education Trust Fund (GETFund) levies back into the main VAT structure, allowing businesses to claim input tax credits on them.

- Abolition of the COVID-19 Levy: The 1% COVID-19 Health Recovery Levy has been abolished entirely.

- Increased Registration Threshold: The VAT registration threshold for businesses dealing in goods has been raised significantly from GHS 200,000 to GHS 750,000 to ease the burden on small and micro enterprises.

- Flat Rate Scheme Abolished: The separate VAT Flat Rate Scheme (VFRS) has been eliminated in favor of a unified and more transparent VAT structure.

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