CassKai Ghana - IFRS Accounting Software & GRA E-VAT Invoicing

Q: Does CassKai integrate with MTN Mobile Money and other MoMo providers?

Yes, Mobile Money integration is central to the CassKai Ghanaian module, given the dominance of MTN MoMo (~80% market share). We offer: automatic import of MTN MoMo Business, Vodafone Cash and AirtelTigo Money statements, automatic reconciliation of customer receipts, transaction fee management, E-Levy handling (1% on transfers > GHS 100), and consolidated reporting across bank + MoMo. Essential for Ghanaian SMEs that mostly collect via Mobile Money.

Q: How does CassKai handle Ghanaian PAYE and SSNIT?

CassKai supports the full Ghanaian payroll module: PAYE (progressive scale from 0% to 30%), SSNIT Tier 1 (5.5% employee + 13% employer), Tier 2 (5% employer to a private occupational pension fund) and Tier 3 (voluntary). Automatic generation of payslips, contribution calculations, TIN/Ghana Card ID alignment, preparation of monthly PAYE returns via the GRA portal and monthly SSNIT filings via the SSNIT portal. Compliance with the National Pensions Act 2008 (Act 766).

Q: Does CassKai handle the Ghanaian Cedi and multi-currency?

Yes, CassKai natively supports the Ghanaian Cedi (GHS) as well as the main currencies (USD, EUR, GBP). Multi-currency is important in Ghana for cocoa, gold and oil exporters, mining companies and entities operating in Free Zones. CassKai manages Bank of Ghana exchange rates, books FX gains and losses (IAS 21), produces GHS financial statements and offers consolidated multi-currency reporting for pan-African groups with Ghana / Nigeria / Ivory Coast footprint.

Regulations

IFRS and IFRS for SMEs

Ghana applies full IFRS for companies listed on the Ghana Stock Exchange (GSE), banks, insurance companies and other public interest entities. IFRS for SMEs applies to non-listed SMEs. The Institute of Chartered Accountants Ghana (ICAG) oversees standards enforcement. The Companies Act 2019 (Act 992) modernises the legal framework for Ghanaian companies.

active

GRA E-VAT and Certified Invoicing System (CIS)

Mandatory e-invoicing system of the Ghana Revenue Authority (GRA). VAT-registered taxpayers must issue invoices through a Certified Invoicing System (CIS) accredited by GRA, which transmits every invoice in real time to the central system. Phased rollout since 2022, with progressive extension to medium and small taxpayers. Non-compliant invoices do not allow VAT input recovery.

active

Income Tax Act and Value Added Tax Act

Ghanaian tax framework governing corporate income tax (25%), VAT (15%) plus NHIL (National Health Insurance Levy 2.5%) and GETFund Levy (Ghana Education Trust Fund 2.5%), with an effective rate of around 21.9% on standard operations. PAYE progressive from 0% to 30%, COVID-19 Health Recovery Levy at 1%, Growth and Sustainability Levy. Annual updates via the Budget Statement.

active

SSNIT and National Pensions Act

Mandatory 3-tier pension scheme: SSNIT Tier 1 (Social Security and National Insurance Trust) at 13.5% employer, Tier 2 (occupational pension fund) at 5% employee, Tier 3 (voluntary). Employee contributes 5.5% to Tier 1. Total SSNIT contributions: 18.5% of gross salary (5.5% employee + 13% employer Tier 1) + 5% Tier 2 employer. Monthly filings via the SSNIT portal.

active

E-invoicing

GRA E-VAT via Certified Invoicing System (CIS)

Ghana has rolled out its E-VAT electronic invoicing system since 2022 under the Ghana Revenue Authority. All VAT-registered taxpayers must issue invoices through a Certified Invoicing System (CIS) accredited by GRA. Every invoice is transmitted in real time to the GRA central system and receives a unique validation number. Invoices must mandatorily show the VAT (15%), NHIL (2.5%), GETFund (2.5%) breakdown and possibly the COVID-19 Health Recovery Levy (1%). Non-compliant invoices do not allow input VAT recovery for the buyer.

✓Direct integration with the GRA E-VAT system as a Certified Invoicing System (CIS)
✓Automatic computation of the full structure: 15% VAT + 2.5% NHIL + 2.5% GETFund (effective rate ~21.9%)
✓Generation of the GRA validation number and fiscal QR code on every invoice
✓Taxpayer Identification Number (TIN) management and validation with GRA
✓Secure electronic retention of invoices for 6 years (Revenue Administration Act 2016)

Tax Specifics

Ghanaian tax regime

The Ghanaian tax system is governed by the Income Tax Act 2015 (Act 896), the Value Added Tax Act 2013 (Act 870) and the Revenue Administration Act 2016 (Act 915), and administered by the Ghana Revenue Authority (GRA). Ghana is a member of ECOWAS and is committed to adopting the single ECO currency in the long term. The GRA Taxpayers Portal centralises filings and payments.

The complex Ghanaian VAT structure

VAT in Ghana is composed of several successive levies, making it one of the most complex systems in Africa:

VAT (Value Added Tax): 15% (recoverable by VAT-registered taxpayers).
NHIL (National Health Insurance Levy): 2.5% (non-recoverable, final cost).
GETFund Levy (Ghana Education Trust Fund): 2.5% (non-recoverable, final cost).
COVID-19 Health Recovery Levy: 1% (non-recoverable, on certain operations).
Effective global rate: around 21.9% on standard operations including all levies.

Other taxes and duties

Corporate Income Tax: 25% on profits (reduced rate of 8% for non-traditional exports, 1% for agro-industries during grace period).
PAYE: progressive scale from 0% to 30% on salaries, withheld at source by the employer.
Withholding Tax: withheld at source on dividends (8%), interest (8% residents, 15% non-residents), royalties (15%), service fees (5% residents, 20% non-residents).
Growth and Sustainability Levy: 1% to 5% of profit depending on sector (banks, telcos, mining, etc.).
Communication Service Tax: 5% on telecommunications services.

Filing obligations

Monthly VAT return: filed via the GRA portal before the end of the following month.
Monthly PAYE: filing and payment before the 15th of the following month.
Monthly SSNIT: remittance before the 14th of the following month.
Annual CIT: filed within 4 months of fiscal year-end. Quarterly instalments.
TIN (Taxpayer Identification Number): unique tax identifier, now aligned with the Ghana Card ID.
GRA E-VAT: mandatory issuance via Certified Invoicing System (CIS) for VAT-registered taxpayers.

Accounting specifics and Mobile Money

Full IFRS: mandatory for companies listed on the Ghana Stock Exchange (GSE), banks, insurers and other public interest entities.
IFRS for SMEs: applicable to non-listed SMEs.
Financial statements: Statement of Financial Position, Statement of Comprehensive Income, Statement of Cash Flows, Statement of Changes in Equity and notes in GHS.
MTN Mobile Money: dominates the payment ecosystem with around 80% market share. Vodafone Cash and AirtelTigo Money complete the offering. Automatic MoMo reconciliation has become essential for Ghanaian SMEs.
E-Levy: 1% levy on Mobile Money transfers above GHS 100 per day, introduced in 2022 (subject to changes).
Mandatory audit: for Ghanaian companies above Companies Act 2019 thresholds, by an ICAG-certified auditor.

Frequently Asked Questions

How does the Ghanaian VAT structure work (15% + NHIL + GETFund)?

Ghanaian VAT is unique in Africa due to its cumulative structure. On a standard operation, you apply: 15% VAT (recoverable), 2.5% NHIL (National Health Insurance Levy, non-recoverable), 2.5% GETFund Levy (Ghana Education Trust Fund, non-recoverable) and possibly 1% COVID-19 Health Recovery Levy. The effective global rate reaches around 21.9%. CassKai automatically computes this complex structure on every invoice, separates recoverable VAT from non-recoverable levies and prepares the monthly VAT return for GRA.

Is CassKai a GRA-certified Certified Invoicing System (CIS)?

CassKai has designed its Ghanaian module to meet the technical requirements of the GRA Certified Invoicing System (CIS). Our solution generates E-VAT compliant invoices with GRA validation number, fiscal QR code and automatic VAT + NHIL + GETFund breakdown. Operational deployment at a client requires registering the instance with GRA as a CIS. For taxpayers not yet in E-VAT mode, CassKai produces invoices fully compliant with the VAT Act, ready to switch to E-VAT as soon as the relevant deployment phase reaches them.

Does CassKai integrate with MTN Mobile Money and other MoMo providers?

Yes, Mobile Money integration is central to the CassKai Ghanaian module, given the dominance of MTN MoMo (~80% market share). We offer: automatic import of MTN MoMo Business, Vodafone Cash and AirtelTigo Money statements, automatic reconciliation of customer receipts, transaction fee management, E-Levy handling (1% on transfers > GHS 100), and consolidated reporting across bank + MoMo. Essential for Ghanaian SMEs that mostly collect via Mobile Money.

What accounting standard applies to Ghanaian businesses?

Ghana applies full IFRS for companies listed on the Ghana Stock Exchange (GSE), banks, insurers and other public interest entities, and IFRS for SMEs for non-listed SMEs. The Institute of Chartered Accountants Ghana (ICAG) oversees standards enforcement. The Companies Act 2019 (Act 992) modernised the legal framework. CassKai natively supports both frameworks and automatically generates compliant financial statements: Statement of Financial Position, Statement of Comprehensive Income, Statement of Cash Flows and Statement of Changes in Equity.

How does CassKai handle Ghanaian PAYE and SSNIT?

CassKai supports the full Ghanaian payroll module: PAYE (progressive scale from 0% to 30%), SSNIT Tier 1 (5.5% employee + 13% employer), Tier 2 (5% employer to a private occupational pension fund) and Tier 3 (voluntary). Automatic generation of payslips, contribution calculations, TIN/Ghana Card ID alignment, preparation of monthly PAYE returns via the GRA portal and monthly SSNIT filings via the SSNIT portal. Compliance with the National Pensions Act 2008 (Act 766).

Does CassKai handle the Ghanaian Cedi and multi-currency?

Yes, CassKai natively supports the Ghanaian Cedi (GHS) as well as the main currencies (USD, EUR, GBP). Multi-currency is important in Ghana for cocoa, gold and oil exporters, mining companies and entities operating in Free Zones. CassKai manages Bank of Ghana exchange rates, books FX gains and losses (IAS 21), produces GHS financial statements and offers consolidated multi-currency reporting for pan-African groups with Ghana / Nigeria / Ivory Coast footprint.

The accounting and financial solution designed for Ghana

Regulations

IFRS and IFRS for SMEs

GRA E-VAT and Certified Invoicing System (CIS)

Income Tax Act and Value Added Tax Act

SSNIT and National Pensions Act

E-invoicing

GRA E-VAT via Certified Invoicing System (CIS)

Tax Specifics

Ghanaian tax regime

The complex Ghanaian VAT structure

Other taxes and duties

Filing obligations

Accounting specifics and Mobile Money

Frequently Asked Questions

How does the Ghanaian VAT structure work (15% + NHIL + GETFund)?

Is CassKai a GRA-certified Certified Invoicing System (CIS)?

Does CassKai integrate with MTN Mobile Money and other MoMo providers?

What accounting standard applies to Ghanaian businesses?

How does CassKai handle Ghanaian PAYE and SSNIT?

Does CassKai handle the Ghanaian Cedi and multi-currency?

Explore more

Essential modules for this market

CassKai vs alternatives

Other countries covered

Recommended reading

Ready to simplify your accounting?