From The Report: Ghana 2024
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Ghana has a number of mechanisms in place to levy taxes on both individuals and business entities. These include a graduated scale for residents, with the maximum rate for residents reaching 35% and a flat rate of 25% for non-resident individuals; the Financial Sector Recovery Levy, a 5% tax aimed at the accounting profit of banks, with an exception for rural and community banks; and the Growth and Sustainability Levy, a quarterly tax on the accounting profit before tax or gross production for specific companies and institutions. The digitalisation of tax administration services is likely to bring numerous benefits, revolutionising the way the Ghana Revenue Authority, the country’s primary tax collector, administers laws and regulations.

This chapter contains a viewpoint from Ayesha Bedwei Ibe, Tax Leader, PwC Ghana.