Ghana
Employees
8
-
Third-party revenues
$14,428
-
Related-party revenues
$34,080,853
-
Total revenues
$34,095,280
-
Profit before tax
$0
-
Corporate income tax paid
$296,184
-
Corporate income tax accrued
$0
-
Stated capital
$1,182,996
-
Accumulated earnings
$0
-
Tangible assets
$1,963,830
-
Other payments to governments
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Shell's footprint
Shell re-established a presence in Ghana in 2020 through Shell Energy Ghana Limited (SEGL), a company incorporated and located in Ghana. SEGL markets and sells gas in Ghana. In 2022, Shell acquired Daystar Power Group, including its subsidiary in Ghana. Daystar Power is a provider of solar power to businesses in Nigeria and West Africa.
Country financial analysis
The statutory corporate income tax rate in Ghana is 25%. SEGL did not generate taxable income in 2022. Corporate income tax paid is a provisional tax payment based on Daystar Power Group's estimated income in 2022. Although SEGL has not yet started its business activities, it incurs pre-commissioning costs, which are reimbursed by Shell International Trading Middle East Limited FZE (SITME FZE). Because these costs increased in 2022, SITME FZE also increased its reimbursement.
