The Ghana Revenue Authority is responsible for the administration of the tax regime in Ghana.
Income tax is levied each year on the income of both resident and non-resident persons. While resident persons in Ghana are taxed on their worldwide income, non-resident persons are taxed on income accrued in or derived from the country. A company is deemed resident if it is incorporated under the Companies Act 2019 (Act 992) or management and control of the company is exercised in Ghana at any time during the tax year.
Companies operating in Ghana are liable to pay varied levels of taxes depending on the sector of operation, location within the country and whether the company is listed on the Ghana Stock Exchange.
The general corporate tax rate is 25%. Companies in the mining and upstream petroleum sectors pay corporate tax of 35%, while companies principally engaged in the hotel industry pay a reduced rate of 22%. For companies engaged in non-traditional exports the corporate tax rate is 8%.
For more information on the tax rates and how to pay taxes in Ghana, visit the Ghana Revenue Authority
The Government of Ghana has ratified 11 Double Taxation Agreements with several countries to further enhance the country’s investment regime. The details are indicated in the following table.
Ratified Agreements for the Avoidance of Double Taxation (DTAs) Between The Republic of Ghana and Other Countries
|OTHER COUNTRY TO THE AGREEMENT||DATE OF ENTRY INTO FORCE|
|1.||Belgium||17th October, 2008|
|2.||Denmark||10th November, 2015|
|3.||France||1st April, 1997|
|4.||Germany||14th December, 2007|
|5.||Italy||5th July, 2006|
|6.||Netherlands||12th November, 2008|
|7.||South Africa||23rd April, 2008|
|8.||Switzerland||30th December, 2009|
|9.||United Kingdom||10th August, 1994|
|10.||Mauritius||27th January, 2020|
|11.||Singapore||1st January, 2020|
There are various tax incentives for the investor in Ghana including tax holidays and rebates under the country’s tax laws. Download the Ghana Incentives Inventory for a comprehensive list of the applicable tax incentives.