Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/340097 
Year of Publication: 
2026
Citation: 
[Journal:] International Journal of Management, Economics and Social Sciences (IJMESS) [ISSN:] 2304-1366 [Volume:] 15 [Issue:] 1/2 [Year:] 2026 [Pages:] 1-23
Publisher: 
IJMESS International Publishers, Jersey City, NJ
Abstract: 
This study examines the impact of transfer pricing regulations on petroleum tax revenue using the enforcement role of the Ghana Revenue Authority (GRA). Utilizing data from Ghanaian firms spanning 2002 to 2023 from reliable institutional sources including the GRA, PIAC, World Bank, and the U.S. Energy Information Administration, the study employs the Autoregressive Distributed Lag (ARDL) model to capture short- and long-term relationships, supported by the Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model to address volatility in the residuals. The findings revealed that transfer pricing regulations exert a negative short-run impact on petroleum tax revenue but indicate potential long-run benefits as compliance improves. Audit recoveries demonstrated a significant and immediate positive effect, highlighting the importance of consistent enforcement. Additionally, oil price fluctuations and GDP growth were found to influence tax performance significantly. The findings of this study have important practical implications for tax policy, revenue administration, and regulatory strategy within Ghana's petroleum sector and beyond. The evidence that transfers pricing regulations and audit recoveries significantly contribute to increased petroleum tax revenue demonstrates the effectiveness of strong enforcement mechanisms in curbing base erosion and profit shifting.
Subjects: 
Transfer pricing
petroleum tax revenue
Ghana Revenue Authority
ARDL model
GARCH model
JEL: 
G3
H2
H26
H3
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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