Ghana has signed a double taxation agreement with Denmark, in order to take the bilateral cooperation between the two countries to another level.

The double taxation agreement will help the countries to eliminate the occurrence of double taxation between the two countries.

The agreement will also help eliminate impediments that obstruct the movement of capital goods for the promotion of international trade and foreign direct investment.

Ghana Deputy Minister for Finance Kweku Ricketts-Hagan said that the double taxation agreement between the two countries would further improve the bilateral cooperation between the two countries.

Despite its middle-income status, Ghana would still require support for its development programmes and projects to bring the people out of poverty, added Ricketts-Hagan.

Ghana already has double taxation agreements with eight other countries, including Britain, France, Italy and Germany.