A draft account of a taxpayer shows a profit before interest,

capital allowance and tax as GHS$300,000.$ The taxpayer is

planning incoming days to acquire a motor vehicle costing

GHS$75,000.$ The taxpayer is contemplating whether to finance

the asset with debt or equity. The bank has agreed to finance the

asset at the rate of $30\%$ per annum. The interest on $365-$days

fixed deposit in $20\%.$ Minimisation of tax exposure is a key

objective of the taxpayer. Advise this taxpayer