Ghana Tax Overview

Ghana Tax Overview

Ghana tax system at a glance (2025)

Ghana taxes income, consumption and payroll under statutes administered by the Ghana Revenue Authority. The figures below are for the 2025 year of assessment; a major VAT reform (Act 1151) was passed in 2025 but takes effect 1 January 2026, so the 2025 VAT regime described elsewhere remains in force for this year.

• Standard tax year (basis period) — Calendar year, 1 January to 31 December (companies may apply for a non-calendar accounting year) (Income Tax Act, 2015 (Act 896))
• Currency — Ghana cedi (GHS / GH₵) (Bank of Ghana Act, 2002 (Act 612))
• National tax authority — Ghana Revenue Authority (GRA) (Ghana Revenue Authority Act, 2009 (Act 791))
• Basis of taxation — Residents are taxed on worldwide income; non-residents are taxed on Ghana-sourced income only (Income Tax Act, 2015 (Act 896))
• Top marginal personal income tax rate (resident) — 35 percent (applies to annual chargeable income exceeding GHS 600,000) (Income Tax Act, 2015 (Act 896))
• Standard corporate income tax rate — 25 percent (Income Tax Act, 2015 (Act 896))
• Does Ghana levy VAT? — Yes — standard VAT rate is 15%, plus health and education levies on the same base (2025 regime) percent (Value Added Tax Act, 2013 (Act 870))
• Annual corporate income tax return deadline — Within 4 months after the end of the accounting year (e.g. 30 April for a 31 December year-end) (Income Tax Act, 2015 (Act 896))
• Annual personal income tax return deadline — Within 4 months after the end of the year of assessment (by 30 April for a calendar year) (Income Tax Act, 2015 (Act 896))