Ghana Payroll Outsourcing Alert

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Outsource your payroll in Ghana to Mercans to ensure your compliance with the new income tax calculations.

Ghana Introduces New Tax Brackets

Effective from January 1, 2019, Ghana amended its Income Tax Law of 2015 (Act 896) by introducing the following individual annual income tax brackets:

Tax Bracket		CUM annual Taxable income in GHC	Annual Taxable income in GHC for the tax bracket	Tax rate	Annual income tax in GHC for the Tax bracket	Total annual income tax in GHC
1	First	3,456	3,456	0%	-	-
2	Next	4,656	12,00	5%	60	60
3	Next	6,336	1,680	10%	168	228
4	Next	42,336	36,000	17.5%	6,300	6,528
5	Next	240,000	197,664	25%	49,416	55,944
6	Exceeding		240,000	30%	-	-

The corresponding monthly income tax brackets are provided below:

Tax Bracket		CUM annual Taxable income in GHC	Annual Taxable income in GHC for the tax bracket	Tax rate	Annual income tax in GHC for the Tax bracket	Total annual income tax in GHC
1	First	3,456	3,456	0%	-	-
2	Next	4,656	12,00	5%	60	60
3	Next	6,336	1,680	10%	168	228
4	Next	42,336	36,000	17.5%	6,300	6,528
5	Next	240,000	197,664	25%	49,416	55,944
6	Exceeding		240,000	30%	-	-

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above changes.

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Ghana Payroll Outsourcing Alert

Ghana Introduces New Tax Brackets

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