Ghana and Norway have discussed the implementation of their Double Taxation Agreement, signed in 2020 but still not in force, during a meeting on the sidelines of the United Nations General Assembly in New York.
Ghana’s Foreign Affairs Minister held discussions with Norway’s Minister of International Development, Åsmund Grøver Aukrust, as the two countries explored measures to strengthen their bilateral relations.
The Double Taxation Agreement, signed in Accra on November 20, 2020, is intended to eliminate double taxation and prevent fiscal evasion with respect to income taxes. Norway’s government currently lists the agreement with Ghana as signed but not yet in force. (Regjeringen.no)
Under the agreement, provisions are made for mechanisms to prevent income from being taxed twice and for cooperation between the two countries on tax matters. (Regjeringen.no)
The two ministers discussed the implementation of the agreement as part of broader efforts to deepen economic cooperation between Ghana and Norway.
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Their discussions also covered opportunities to expand trade and investment in oil and gas, renewable energy, artificial intelligence and agribusiness.
Maritime security, education, skills development and business-to-business engagement were also identified as areas for further cooperation.
The two sides exchanged views on security developments in West Africa, including Ghana’s efforts to strengthen regional cooperation against terrorism and violent extremism.
The ministers also discussed mutual support for international candidatures.
Ghana’s Foreign Affairs Minister said an invitation from Norway for an official visit later in the year had been accepted.
The meeting forms part of Ghana’s engagements with international partners during the 81st UN General Assembly.
