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Feb 18, 2019 1 min read

Ghana Payroll Outsourcing Alert

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 BracketCUM annual Taxable income in GHCAnnual Taxable income in GHC for the tax bracketTax rateAnnual income tax in GHC for the Tax bracketTotal annual income tax in GHC
1First3,4563,4560%--
2Next 4,65612,005%6060
3Next 6,3361,68010%168228
4Next 42,33636,00017.5%6,3006,528
5Next 240,000197,66425%49,41655,944
6Exceeding 240,00030%--

The corresponding monthly income tax brackets are provided below:

Tax BracketCUM annual Taxable income in GHCAnnual Taxable income in GHC for the tax bracketTax rateAnnual income tax in GHC for the Tax bracketTotal annual income tax in GHC
1First3,4563,4560%--
2Next 4,65612,005%6060
3Next 6,3361,68010%168228
4Next 42,33636,00017.5%6,3006,528
5Next 240,000197,66425%49,41655,944
6Exceeding 240,00030%--

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

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