Ghana Tax Rates
Ghana operates a progressive personal income tax system with rates up to 35%. The Ghana Revenue Authority (GRA) administers the tax system, which includes a 25% corporate tax rate, a tiered VAT/levy system totaling around 21.9%, and capital gains tax at 25%. Ghana is one of West Africa's most stable economies with significant revenue from gold mining and cocoa exports.
Top Income Tax Rate
35%
Corporate Tax Rate
25%
VAT / Sales Tax
20%
Capital Gains Tax
25%
Detailed Tax Information
Income Tax Brackets
Ghana levies progressive personal income tax on residents' worldwide income. Monthly rates range from 0% on the first GHS 490 to 35% on income exceeding GHS 20,000 per month. Employment income is taxed through PAYE. Non-residents pay a flat 25% on Ghanaian-sourced income. Self-employed individuals file quarterly returns. Tax credits and personal reliefs are available, including marriage and child reliefs.
| Income Range | Tax Rate |
|---|---|
| GH₵0 – GH₵6K | 0% |
| GH₵6K – GH₵7K | 5% |
| GH₵7K – GH₵12K | 10% |
| GH₵12K – GH₵48K | 17.5% |
| GH₵48K – GH₵72K | 25% |
| GH₵72K – GH₵240K | 30% |
| GH₵240K+ | 35% |
Corporate Tax
The standard corporate tax rate is 25%. Mining companies pay 35% and petroleum companies pay 35-50% depending on the fiscal regime. Companies in free zones enjoy a 10-year tax holiday, after which they pay a maximum of 15%. Income from non-traditional exports is taxed at 8%. Farming and agro-processing income is taxed at reduced rates. Tree crop farming in the first 10 years is tax exempt.
Standard Rate
25%
Capital Gains Tax
Capital gains are treated as part of business or investment income and taxed at the applicable rate, generally 25% for individuals. Gains from the disposal of shares listed on the Ghana Stock Exchange are exempt. Capital gains from real estate transfers are subject to a 15% tax on the gain.
Rate
25%
VAT / Sales Tax
Ghana's 2026 VAT reforms revised the effective rate to 20%, comprising the standard VAT of 15%, National Health Insurance Levy (NHIL) of 2.5%, and GETFund Levy of 2.5%. The COVID-19 Health Recovery Levy was repealed. The VAT registration threshold increased from GHS 200,000 to GHS 750,000. Small retailers may use a flat rate of 3%. Essential goods and services including unprocessed food, healthcare, education, and financial services are exempt.
Standard Rate
20%
Cryptocurrency Tax
Ghana does not have specific cryptocurrency tax legislation. The Bank of Ghana has cautioned against cryptocurrency transactions but has not banned them. General income tax and capital gains tax provisions would apply to profits from cryptocurrency trading and investment. Ghana is piloting a central bank digital currency (e-Cedi).
Tax Treaties
Ghana has approximately 11 double taxation agreements in force. The treaty network covers key European trading partners and South Africa. Ghana continues to negotiate additional treaties to attract foreign investment.
Treaty Network
11
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Ghana
See how much you could save by moving here from your current country.
$-2,383
Tax in United States
$24K
24.4% effective
Tax in Ghana
$27K
26.7% effective
Additional Cost
9.8%
more tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
