Below is the capital structure of Nyameke Ghana Limited for 2014 year of assessment:
.                                             GH¢
Equity                              20,000,000
Loans                               80,000,000
Total                              100,000,000
The loans were taken for Nyameke Limited from the parent company based in Nigeria. During the year under review the subsidiary paid GH¢700,000 as interest on the loan and also incurred exchange loss of GH¢500,000 on the repayment of a loan taken earlier from the parent company.
Required:
Determine how the above transaction will be treated for tax purposes.                                                                              (6 marks)