Eno Mary Ltd is a resident company in Ghana, Mama Rho Ltd acquired 62% of...

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Eno Mary Ltd is a resident company in Ghana, Mama Rho Ltd acquired 62% of the underlying ownership of the company. following the acquisition arrangement, a loan facility of GHs10million was secured by Eno Mary ltd from Mama Rho Ltd. the interest rate agreed was 4% more than the average of 25% being charges. the interest paid in 2021 was GHs2.5millon. Mama Rho Ltd is exempt from tax on all its income. the following is the capital structure of Eno Mary Ltd for 2021 year of assessment: janua

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