Ghana
Corporate Guide

Are there any annual compliance requirements that a company must meet in Ghana?

Yes. 

• Per Act 992, companies in Ghana are required to file their annual returns. Every company shall, at least once every year, deliver an annual return to the Registrar General including particulars of every member of the company after the first 18 months, along with a financial statement. There is a further requirement to disclose details of any beneficial owners to the Registrar General’s Department when filing annual returns and when there is a change in an already submitted beneficial ownership information.
• The Income Tax Act also requires companies to file their annual tax returns.
• Board of directors’ meetings. 
• Annual general meetings.
• Companies registered under the GIPC are required to renew their registration with the centre every two years.
• For companies that employ foreign nationals, the Immigration Act, 2000 (Act 573) provides that not later than 14 days after the first day of January in each year, a company or person to whom an immigrant quota has been granted is required to file an annual return in the prescribed form giving the names and addresses of all foreign nationals employed by the company / person as at first January and any other particulars which may be prescribed. 
• Local content and participation regulations require companies operating in the mining, energy and petroleum industries to report on employment and training activities every quarter.
• Companies that operate in sectors such as banking, insurance, etc. are required to pay annual licensing fees to the appropriate regulator.
• Companies that are market operators as defined under the Securities Industries Act, 2016 (Act 929) are required to secure a licence that is valid for one year and renewable on an annual basis.