Ghana taxes residents on worldwide income and non-residents on Ghana-source income only. Ghana operates a self-assessment system, with the Ghana Revenue Authority (GRA) conducting post-filing review. Ghana signed a growth and sustainability levy reduction on gold in 2026, a real, dated development affecting the mining sector specifically.
The Ghanaian tax year is the calendar year.
Ghana's headline corporate income tax (CIT) rate is 25%.
The headline personal income tax (PIT) rate is residents 35%; non-residents 25%.
The standard VAT/GST (or equivalent consumption tax) rate is 15% (plus 2.5% NHIL, 2.5% GETFL levies).
An individual is a Ghanaian tax resident if present in Ghana for an aggregate of 183 days or more in any 12-month period commencing or ending in the tax year; is a Ghanaian government employee/official posted abroad; or is a citizen temporarily absent for no more than 365 continuous days while maintaining a permanent home in Ghana. Residents are taxed on worldwide income; non-residents at a flat 25% only on Ghana-source income.
A non-Ghanaian entity has a Ghana permanent establishment through a fixed place of business or a dependent agent habitually concluding contracts in Ghana on the entity's behalf, following the OECD Model Treaty definition as applied under Ghanaian domestic law and any applicable tax treaty.
Ghana has no CFC provisions.
Under Section 33(1) of the Income Tax Act, 2015 (Act 896), thin capitalization applies to "exempt-controlled entities" - resident entities other than financial institutions in which an exempt person (resident or non-resident, meeting specified criteria) holds 50% or more of underlying ownership or control, alone or with an associate. Where such an entity's debt-to-equity ratio exceeds 3:1, interest and foreign exchange losses on the related-party debt exceeding that ratio are non-deductible - a permanent, not temporary, disallowance. Resident financial institutions are excluded from the rule.
Ghana does not use an elective check-the-box classification system; entity classification generally follows the entity's actual legal characteristics. Ghana does not have a comprehensive ATAD2-style anti-hybrid regime.
No foreign bank account or foreign financial asset reporting regime exists requiring residents to separately disclose foreign accounts; foreign income is reported through the standard annual tax return.
Ghana does not provide a broad participation exemption for foreign dividends; relief from double taxation is available primarily through Ghana's foreign tax credit system.
Ghana has a foreign tax credit mechanism for foreign tax paid on foreign-source income also taxed in Ghana, capped at the Ghanaian tax otherwise due on that income.
Per the Ghana Revenue Authority's own published list, Ghana has 14 double tax agreements in force: Belgium, the Czech Republic, Denmark, France, Germany, Italy, Mauritius, Morocco, the Netherlands, Qatar, Singapore, South Africa, Switzerland, and the United Kingdom - the most recent additions being Qatar and Morocco (both 2024) and a modernized Czech Republic agreement (2024). Separately, ECOWAS regional interest provisions apply to specified government and central-bank debt.