KEY FINDINGS
The Phase 2 review shows that Ghana has a comprehensive legal framework and sound practices for the exchange of information for tax purposes and received an overall rating of largely compliant. The monitoring as carried as by Ghanaian authorities generally ensures that ownership, accounting and banking information is available according to the standard. However, it is recommended that the Registrar-General implements a system of oversight of ownership information. Further, as the rules related to the availability of ownership information on professional nominees and trusts were recently introduced, Ghana should monitor their practical implementation. With regards to access to information, Ghana has all the requisite access powers to obtain information and was able to access all the information for the 10 EOI requests sent during the review period. Having signed and ratified the Multilateral Convention in 2012, Ghana has a wide treaty network extending to over 80 treaty partners. Ghana should monitor its recently introduced EOI processes to ensure that all information is provided expeditiously and that status updates are provided in all cases. Peer input received praised Ghana as a reliable EOI partner which has made considerable progress in recent years. For further information on Ghana’s exchange of information practices click here.