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  • Third-party revenues


  • Related-party revenues


  • Total revenues


  • Profit before tax


  • Corporate income tax paid


  • Corporate income tax accrued


  • Stated capital


  • Accumulated earnings


  • Tangible assets


  • Other payments to governments

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.

Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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Corporate income tax paid
This comprises corporate income tax paid in 2022, as recorded in Shell's Consolidated Statement of Cash Flows, and includes accrued withholding taxes on dividend, interest and royalty payments to Shell entities. In some cases, this may include payments made in relation to previous years or future years as tax payments are often made in arrears or in advance. It does not include withholding taxes collected by Shell on dividends paid to shareholders. Nor does it include corporate income tax paid by non-consolidated joint ventures and associates.
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