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Ghana: Tax treatment and the recognition of deferred tax on Expected Credit Losses

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Ghana

  • In certain circumstances, Ghana's domestic debt exchange program (DDEP) appears to have potentially exposed banks to accounting losses on government bonds.
  • Banks and other institutions affected by the DDEP are expected to recognize and accurately account for the tax consequences of the associated losses in their books.

In certain situations, the domestic debt exchange program (DDEP) in Ghana has giv…

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