Country Senior Partner at PWC Ghana, Vish Ashiagbor, has stated that the delayed removal of VAT should not be seen as a ...

Step 4: Preparing a Trial Balance After all transactions are logged in the general ledger, the next step is to make sure the entries balance out, meaning total debits equal total credits.

“The government proposes to increase the VAT rate by half a percent point in 2025/26, and by another half a percent point the following year. This will bring the VAT rate to 16% in 2026/27 ...