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Ghana and Denmark sign double taxation agreement

Staff writer |
Ghana and Denmark have signed a Double Taxation agreement, moving the bilateral cooperation between the two countries to another level.

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Kweku Ricketts-Hagan, Deputy Minister for Finance signed on behalf of Ghana while Mogens Jensen, Minister for Trade and Development Cooperation initialed for Denmark.

Commenting on the agreement, Mr. Ricketts-Hagan said the aim of the partnership was to help eliminate the occurrence of double taxation between the two countries. Besides, it will help remove impediments that hinder the movement of capital goods for the promotion of international trade and foreign direct investment.

Mr. Ricketts-Hagan said the double taxation agreement between the two countries would further improve the bilateral cooperation between the two countries. He said despite its middle-income status, Ghana would still require support for its development programmes and projects to bring the people out of poverty.

Mr. Jensen said the signing of the agreement was a good sign of strong cooperation between the two countries. He said Denmark would still be a strong partner for Ghana in the quest to accelerate development and economic growth.

Ghana already has Double Taxation Agreements with eight other countries, including Britain, France, Italy and Germany.


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