Ghana has five tax levels, based on your monthly salary or annual income.
These taxes are paid incrementally, meaning that if you earn GHS 2,500/month you will not pay 25% on your entire income. Rather, you will pay 0% on the first GHS 120, 5% on the next GHS 60 etc. You would only pay 25% on the final GHS 100.
There are tax breaks for those with dependents, those who are disabled and the elderly.
Additional information can be found on the Ghana Revenue Agency website.
Self-employed individuals pay taxes in 4 instalments at graduated rates. Employees of a company will have taxies withheld from their salaries.
Ghana applies a value added tax (VAT) and a national health insurance levy (NHIL) onto goods and services.
The VAT is imposed on the expenditure of consumers when they purchase goods and services. It is collected by businesses that then account for the tax collected at the end of each month. The current standard rate of the tax is 12.5%. A 0% rate is applied to all exports.
The NHIL is imposed on all goods and services supplied in or imported into Ghana. The levy is charged at a rate of 2.5% on the VAT exclusive selling price. It is collected by registered businesses in the same way as the VAT.
Further details can be found on the Ghana Revenue Agency website.
When you move internationally you are taking a big step. Lots of things are changing and you have a million things to think about and take care of. If you are able to select a top of the line moving company that moves for a modest price, it can take a big weight of your shoulders in busy times.
Our network of international removal companies can move your furniture & possessions to Ghana and anywhere overseas.
Filling in the form at the bottom will allow you to request up to 5 quotes from various moving companies. This service is free of charge and will help you select an international moving company that suits your needs and budget.