GHANA, MAURITIUS SIGN AVOIDANCE OF DOUBLE TAXATION AGREEMENT

Ghana and Mauritius have signed an Avoidance of Double Taxation Agreement and set up a Ghana-Mauritius Permanent Joint Commission on Bilateral Co-operation as part of measures to promote bilateral trade.

They have also agreed to collaborate on an investment promotion and protection agreement to better channel investments to each other’s country, possibly via Special Investment Zones.

Ghana’s Minister of Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, signed the agreement on behalf of Ghana at the weekend, while Seetanah Lutchmeenaraidoo, the Minister of Foreign Affairs, Regional Integration and International Trade, signed on behalf of Mauritius.

The Avoidance of Double Taxation Agreement is subject to ratification by Ghana’s Parliament.

The agreements were signed at Port Louis, Mauritius, ahead of the celebration of the Indian Ocean nation’s 49th Independence Day on Sunday.

Speaking at a joint media conference after the signing ceremony, Ghana’s Vice President, Alhaji Dr Bawumia, who is the Special Guest for the celebrations, explained that the agreements formed part of Ghana’s quest for greater co-operation with the rest of the world, especially Africa, in order to boost trade.

“We have seen the manifestation of the first fruits of this Joint Permanent Commission with the signing of the historic double taxation agreement between Ghana and Mauritius. We believe that this will provide a platform to give confidence to investors both in Ghana and Mauritius to undertake investments in our respective countries and not be taxed twice by our respective governments. We believe this is just the beginning of our co-operation,” he added.

The Prime Minister of Mauritius, Anerood Jugnauth, announced that a number of framework agreements had also been reviewed, including one for the setting up of a Technology Park at Dawa in the Greater Accra Region, and investments in the energy and tourism sectors.

“We have also agreed to pursue consultations on two project proposals submitted by Mauritius, namely, the setting up of a solar energy power generation, and a tourism and hospitality project providing for the construction of a coastal resort in Ghana. Co-operation between the Public Utility Regulatory Commission and Mauritius was also discussed” Jugnauth said.

Source: NAM NEWS NETWORK

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