Elixir Audits, Chartered Accountants

Audit · Tax · Advisory · Accra, Ghana

Category A chartered accountants for businesses, investors and NGOs across Ghana.

Audit, tax and advisory for organisations that need rigorous work, clear answers, and advice they can act on.

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Licensed by ICAG · Contact firm of RSM International in Ghana · Founded 2019

The Elixir Audits team of chartered accountants at the firm's Airport West office in Accra
Partner-ledOn every engagement

Credentials

Large enough to carry the work. Small enough that a partner answers.

An international network behind us, and one office where all of it happens.

150+ clientsServed across multiple sectors
4 partnersA partner on every engagement
RSM InternationalContact firm in Ghana
Category AICAG classification
Since 2019Airport West, Accra

Free · Financial Health Check

Not sure where your business stands?

Twenty-three questions across the five areas of the Elixir Financial Health Framework.

It is a lighter version of the diagnostic our partners run on paid engagements: the same five areas and the same maturity scale, self assessed rather than tested by us. You get a maturity level, your priority risk areas and practical next steps, with no obligation to talk to anybody.

About 8 minutes · No cost · Written summary returned to you

Our story

Category D to Category A

Elixir progressed through every ICAG firm category, from D at its founding in 2019 to A today, through sustained investment in people, in quality systems and in client service.

Today we serve businesses, NGOs, investors and financial institutions across Ghana, and the firm is large enough to carry a regulated audit while still small enough that a partner answers the phone.

More about the firm

D2019
C 
B 
B1 
AToday

ICAG firm category, from founding to today.

What the categories track A firm grows like this when clients stay and bring others with them. We have grown every year since we opened.
Colleagues on the staircase at the firm’s Airport West office in Accra

Our approach

How we work

Six things that hold on every engagement, whichever practice you engage.

Partner-led engagements

The partner who wins the work stays on it, from planning through to signing, and is the person you call.

Fixed fees, quoted up front

Scope, timing and fee are set out in the proposal before any work starts, and held unless the scope changes.

Deadlines planned backwards

We plan from your board meeting, facility review or donor cycle, and agree the document timetable with you at the start.

Depth in reporting frameworks and Ghanaian law

Full IFRS, IFRS for SMEs and public sector frameworks. The Companies Act, the Income Tax Act as amended, the Transfer Pricing Regulations, the VAT legislation and the sector rules layered on top. We track amendments as they are gazetted.

Built for investor-backed businesses

Records that stand up in due diligence, and reporting a foreign parent can consolidate without a reconciliation exercise every quarter.

Commercial, not just technical

We tell you what the numbers mean and what we would do about it. Every finding comes with a recommendation.

What that has produced

Some of the work, with client names withheld.

Tax audits

Savings of approximately USD 500,000 on average for clients during tax audits

Assessments challenged on the law and on the evidence, and settled at the right number.

Training

Bespoke training for a multinational to address its reporting issues

Designed around the errors that kept appearing in the group reporting pack, and delivered to the people who prepare it.

Due diligence

Findings on a target that the investor would not otherwise have known

Financial and tax due diligence for a multinational, with matters significant enough to change the terms.

Reporting

Reporting issues diagnosed at a legacy manufacturing business in Ghana

Where the numbers were wrong, why, and the order in which to fix them.

Services

Audit, tax and advisory services in Ghana

Four practices, one partner-led team.

All services
Colleagues beside a board listing the firm’s practices: tax, audit, accounting and management consulting
01 · I need assurance

Audit and Assurance

Statutory audit, internal audit and forensic investigation for businesses in Ghana.

Explore →
02 · I need to stay compliant

Tax

Tax consultants in Accra handling compliance, and the position behind it.

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People

Meet the partners

A partner on every engagement, and a named manager beside them.

Full profiles

In their words

What clients say

Elixir Audits is one of the best accounting and auditing firms that mNotify has worked with. They pay attention to details and display a high level of professionalism. Thumbs up guys.

Ronald Tagoe
Ronald TagoeAbsolutely spot on!

Providing Accounting and Audit Services, Elixir Audits is working in response to the current trends and needs of it's clients, meeting their demands and expectations without compromising on quality and fruitful advice.

Lily Abena Twumasi
Lily Abena TwumasiThe right investment

My experience with Elixir Audits for 3 years surpassed expectations on every level. Their professionalism, expertise, integrity, and efficiency make them a trusted partner for any organization seeking exceptional audit services. I wholeheartedly recommend Elixir Audits to businesses looking for a reliable and reputable audit partner.

Derrick Acheampong
Derrick AcheampongJospong Group of Companies

Elixir Audits is one of the best Auditors/Tax Consultants we have worked with. Highly professional, friendly staff and personalised service.

Kayode Thompson
Kayode ThompsonBest Firm for me

Very professional; takes time to understand client needs and offer the most appropriate advice. Highly recommended.

Dr. Tom Somiah
Dr. Tom SomiahPatient and Tailored Service

Elixir Audits has carved a niche for itself in the Accounting and Audit circles as a very Professional body with so much attention to detail in the executions of it's mandate. Kudos to Elixir Audits.

Patrick Darko
Patrick DarkoAll the right answers

Method

How a statutory audit actually runs

Conducted under International Standards on Auditing. The stages, how long each takes, and where your team's time is needed.

The one thing that decides the timetable Documents. Clients who work through the request list before fieldwork opens finish on schedule. There is no other reliable predictor, which is why we publish an audit readiness checklist you can use before you even appoint a firm.

The full audit process

A colleague at work in the firm’s Accra office

Acceptance and clearance

Independence checks, client acceptance and, where you are changing firms, professional clearance with the outgoing auditor. Our job, not yours.

About one week

Planning and risk assessment

We walk the business, identify where the risk of material misstatement actually sits, and set materiality. You get the document request list and an agreed fieldwork date.

Week 1

Readiness call

A short call confirming the requested documents exist and are reconciled. If they are not, we move the date rather than starting and stalling.

Before fieldwork

Fieldwork

Testing, third-party confirmations, stock attendance where relevant, and substantive procedures on the balances that carry risk. Where the deadline is tight we put more people on the engagement rather than letting the date move.

Two to six weeks, by size

Partner review and clearance

Subsequent events, going concern, and the clearance meeting with management. Anything that could change the opinion is raised here, never at signing.

One week

Opinion and management letter

The signed opinion, plus findings ranked by financial exposure with a suggested owner and date against each. Then we sit with you and go through it.

On completion

Sectors

Industry expertise across Ghana

Sector knowledge shortens every engagement. We already know which balances go wrong, which regulator asks what, and which questions to put to management on day one.

All industries
Mining support services

Contractors, equipment and logistics providers serving the mines. Contract accounting, cost audits, contractor compliance and reporting into operator requirements.

Oil and gas support services

Service companies across the upstream and downstream chain. Contract terms, procurement controls, foreign currency exposure and sector-specific tax.

Energy and petroleum

Downstream marketing, liquidity provision and depot operators. Levy and margin reconciliation, NPA reporting.

Financial services

Savings and loans, rural and community banks, microfinance and fintech. Bank of Ghana returns and IFRS 9 provisioning.

NGOs and donor funded

Grant audits and expenditure verification in the funder's own template and timetable.

Manufacturing and FMCG

Standard costing, distributor economics, import duty relief and multi-location stock counts.

Healthcare

Private hospitals, diagnostics and HMOs. NHIS claims reconciliation and receivable valuation.

Construction and real estate

Contract accounting, retention balances and subcontractor withholding at the works rate.

Colleagues and guests at an Elixir Audits client evening

Before you switch

What CFOs should ask before appointing an auditor

Nine questions worth putting to any firm you are considering, including us. Our answers are below. Ask the same of whoever else is on your list.

Can I change auditors mid-year?
Yes. Professional courtesy requires that you inform your existing auditor of the change, and it is usually a short conversation. From there we write to them formally for clearance, review the prior year file and the opening balances, and pick it up. Changing auditors does not restart your compliance history and need not delay your filing.
How long does an audit take in Ghana?
For a mid-sized company with reconciled records, three to five weeks from the start of fieldwork to a signed opinion. The variable is almost never the audit team. It is how quickly the schedules, bank confirmations and supporting documents arrive, which is why we issue a document request list at planning and hold a readiness call before fieldwork opens.
Will you work with our previous auditor?
Yes. Once you have told them you are making the change, we request professional clearance, review their prior year working papers where they are made available, and satisfy ourselves on the opening balances. It is routine and we handle the correspondence.
Can you audit NGOs and donor-funded projects?
Yes. Grant audits, expenditure verification and agreed-upon procedures for international NGOs, local implementing partners and donor-funded programmes, reported in the funder's own template and to the funder's deadline. See our dedicated page on NGO and donor-funded audit.
Do banks and investors accept your audit reports?
A Category A ICAG-licensed firm's opinion is accepted by lenders, regulators and investors operating in Ghana. If a specific counterparty maintains a named panel or an approval list, tell us at proposal stage and we will confirm the position before you appoint us rather than after.
Can you handle an audit of our size?
Elixir holds Category A licensing from the Institute of Chartered Accountants, Ghana, the ICAG firm classification band that reflects the scale of the practice. Four partners with more than 100 years of combined professional experience between them, and group audits within our normal range.
Will a partner actually be involved in our audit?
Yes, and the partner and manager are named in the proposal. They are in the planning meeting, in the fieldwork review and at the clearance meeting.
How soon can we get a proposal?
Within one working day of receiving last year's accounts and your reporting deadline. The proposal states scope, the named partner and manager, the timetable and a fixed fee, held unless the scope changes.
What does a statutory audit cost in Ghana?
Fees are set on scope, complexity, risk and the senior time required. We give a fixed fee in the proposal before any work starts and hold it.