a. Alhaji Bawa Ltd., a company resident in Ghana since 2019 is a wholly owned subsidiary of Pleasant Place Nigeria Ltd. Alhaji Bawa Ltd contracted a loan from Pleasant Place Nigeria Ltd of an amount of 20 million dollars to meet deadlines in its operations. The balance standing on the loan account at the beginning of 2020 stood at 10 million dollars and anticipated to be 9 million dollars at the end of year 2020. Exchange rate at the year start of 2020 is $1 = GHC 1.2.

The extract of financial statement at the beginning of the year 2020 is as follows:

Stated capital GHC 400,000

Income surplus GHC 2,470,000

Interest anticipated to be paid during the year will amount to GHC 156,250 and foreign exchange loss on the loan repayment is hoped to stand at GHC 290,000.

What is the possible and expected tax implication of this transaction?