According to recent reports, Ghana has issued the Transfer Pricing Regulations 2020 (L.I. 2412) which update and replace the prior 2012 regulations. The new regulations entered into force on 3 November 2020 and apply for the year ending 31 December 2020.
One of the key changes of the updated regulations is the introduction of the three-tiered documentation requirements of BEPS Action 13. This includes requirements to prepare contemporaneous documentation including a Master file and a Local f…