GHANA Law and Practice Contributed by: Adelaide Benneh Prempeh, Michelle Nana Yaa Essuman, David William Akuoko-Nyantakyi and Audrey Nana Oye Addy, B&P Associates
8. Accounting Rules and Issues 8.1 Legal Issues With Securitisation Accounting Rules As securitisation is a relatively new area in Ghana, legal issues concerning the applicable accounting rules have not yet emerged. 8.2 Dealing With Legal Issues Although obtaining legal opinions in these mat - ters is not required, it is prudent for stakeholders to seek professional opinions from their lawyers since securitisation transactions can be quite complex.
7.4 Other Taxes Other key taxes that may apply are payroll taxes such as: • the Pay As You Earn (PAYE); • Stamp Duty; • Communication Service Tax; • Electronic Transfer Levy (E-Levy); • National Health Insurance Levy (NHIL); • Ghana Education Trust Fund Levy (GETFL); • COVID-19 Health Recovery Levy (CHRL); • rent tax; and • Value-Added Tax (VAT) for incidental services
rendered by or to the company. 7.5 Obtaining Legal Opinions
Given the novelty of securitisation transactions in Ghana, tax opinions on same are uncommon. However, it is prudent to obtain tax opinions on such transactions to ensure clarity on tax impli - cations and compliance.
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