Taxes on goods and services (current LCU) in Ghana
Ghana: Taxes on goods and services (current LCU) was 44.28 billion current LCU in 2023. ◆ Volatile
Taxes on goods and services in Ghana, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, taxes on goods and services in Ghana stood at 44.28 billion current LCU. That is the highest value across all 27 years on record.
That represents a change of up 41.1% on the previous year and up 816.2% over ten years.
Over the whole period, taxes on goods and services in Ghana peaked at 44.28 billion current LCU in 2023 and was at its lowest, 7.17 million current LCU, in 1990.
That places Ghana 92nd out of 157 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU) in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 7.17 million current LCU | — |
| 1991 | 13.79 million current LCU | +92.2% |
| 1992 | 12.88 million current LCU | -6.6% |
| 1993 | 22.29 million current LCU | +73.0% |
| 2001 | 140.93 million current LCU | +532.3% |
| 2002 | 215.88 million current LCU | +53.2% |
| 2003 | 549.68 million current LCU | +154.6% |
| 2004 | 871.09 million current LCU | +58.5% |
| 2005 | 1.05 billion current LCU | +20.9% |
| 2006 | 1.20 billion current LCU | +13.5% |
| 2007 | 1.55 billion current LCU | +29.5% |
| 2008 | 1.86 billion current LCU | +20.4% |
| 2009 | 2.00 billion current LCU | +7.1% |
| 2010 | 2.44 billion current LCU | +22.1% |
| 2011 | 3.55 billion current LCU | +45.6% |
| 2012 | 4.21 billion current LCU | +18.7% |
| 2013 | 4.83 billion current LCU | +14.7% |
| 2014 | 6.43 billion current LCU | +33.1% |
| 2015 | 9.93 billion current LCU | +54.3% |
| 2016 | 12.23 billion current LCU | +23.2% |
| 2017 | 13.34 billion current LCU | +9.1% |
| 2018 | 15.03 billion current LCU | +12.6% |
| 2019 | 17.15 billion current LCU | +14.1% |
| 2020 | 17.79 billion current LCU | +3.7% |
| 2021 | 24.73 billion current LCU | +39.0% |
| 2022 | 31.39 billion current LCU | +26.9% |
| 2023 | 44.28 billion current LCU | +41.1% |
Ghana compared with similar countries
- Ghana's 44.28 billion current LCU is below the median for lower middle income countries, which is 140.56 billion current LCU, 32% of the median. (37 countries reporting)
- Ghana's 44.28 billion current LCU is below the median for Sub-Saharan Africa, which is 230.02 billion current LCU, 19% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU) in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +532.3% | 22.29 million current LCU | 140.93 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.03 million current LCU | 7.17 million current LCU | 22.29 million current LCU | 4 |
| 2000s | 1.05 billion current LCU | 140.93 million current LCU | 2.00 billion current LCU | 9 |
| 2010s | 8.91 billion current LCU | 2.44 billion current LCU | 17.15 billion current LCU | 10 |
| 2020s | 29.55 billion current LCU | 17.79 billion current LCU | 44.28 billion current LCU | 4 |
Countries ranked near Ghana
- 89 Afghanistan 53.19 billion current LCU compare
- 90 Zambia 53.08 billion current LCU compare
- 91 Guinea-Bissau 44.37 billion current LCU compare
- 93 Switzerland 43.17 billion current LCU compare
- 94 Moldova 41.88 billion current LCU compare
- 95 New Zealand 39.13 billion current LCU compare
More public sector data for Ghana
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on goods and services in Ghana?
- Taxes on goods and services in Ghana was 44.28 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Ghana?
- The highest recorded value was 44.28 billion current LCU in 2023.
- What is the lowest taxes on goods and services recorded in Ghana?
- The lowest recorded value was 7.17 million current LCU in 1990.
- How does Ghana rank for taxes on goods and services?
- Ghana ranks 92nd out of 157 countries with data for 2023.
- Is taxes on goods and services rising or falling in Ghana?
- Over the last ten years it is up 816.2%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.