Taxes on income, profits and capital gains in Ghana
Ghana: Taxes on income, profits and capital gains was 53.70 billion current LCU in 2023. ◆ Volatile
Taxes on income, profits and capital gains in Ghana, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Ghana recorded 53.70 billion current LCU for taxes on income, profits and capital gains in 2023. That is the highest value across all 27 years on record.
The figure is up 39.7% on the previous year and up 752.1% over ten years.
Over the whole period, taxes on income, profits and capital gains in Ghana peaked at 53.70 billion current LCU in 2023 and was at its lowest, 5.51 million current LCU, in 1990.
That places Ghana 86th out of 153 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 income, profits and capital gains in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 5.51 million current LCU | — |
| 1991 | 6.24 million current LCU | +13.2% |
| 1992 | 6.21 million current LCU | -0.5% |
| 1993 | 11.03 million current LCU | +77.6% |
| 2001 | 212.38 million current LCU | +1825.4% |
| 2002 | 279.54 million current LCU | +31.6% |
| 2003 | 356.80 million current LCU | +27.6% |
| 2004 | 485.75 million current LCU | +36.1% |
| 2005 | 609.20 million current LCU | +25.4% |
| 2006 | 658.19 million current LCU | +8.0% |
| 2007 | 857.44 million current LCU | +30.3% |
| 2008 | 1.13 billion current LCU | +32.3% |
| 2009 | 1.54 billion current LCU | +35.6% |
| 2010 | 2.19 billion current LCU | +42.7% |
| 2011 | 3.19 billion current LCU | +45.5% |
| 2012 | 5.54 billion current LCU | +73.4% |
| 2013 | 6.30 billion current LCU | +13.8% |
| 2014 | 8.49 billion current LCU | +34.7% |
| 2015 | 8.71 billion current LCU | +2.6% |
| 2016 | 9.11 billion current LCU | +4.6% |
| 2017 | 13.40 billion current LCU | +47.1% |
| 2018 | 18.78 billion current LCU | +40.1% |
| 2019 | 22.68 billion current LCU | +20.8% |
| 2020 | 23.73 billion current LCU | +4.6% |
| 2021 | 27.97 billion current LCU | +17.9% |
| 2022 | 38.42 billion current LCU | +37.4% |
| 2023 | 53.70 billion current LCU | +39.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.25 million current LCU | 5.51 million current LCU | 11.03 million current LCU | 4 |
| 2000s | 681.37 million current LCU | 212.38 million current LCU | 1.54 billion current LCU | 9 |
| 2010s | 9.84 billion current LCU | 2.19 billion current LCU | 22.68 billion current LCU | 10 |
| 2020s | 35.95 billion current LCU | 23.73 billion current LCU | 53.70 billion current LCU | 4 |
Countries ranked near Ghana
More public sector data for Ghana
- Arms imports 11.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.3195 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 37.5 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 7.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0032 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -5.83 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 268.74 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 35.16 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Ghana?
- Taxes on income, profits and capital gains in Ghana was 53.70 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Ghana?
- The highest recorded value was 53.70 billion current LCU in 2023.
- What is the lowest taxes on income, profits and capital gains recorded in Ghana?
- The lowest recorded value was 5.51 million current LCU in 1990.
- How does Ghana rank for taxes on income, profits and capital gains?
- Ghana ranks 86th out of 153 countries with data for 2023.
- Is taxes on income, profits and capital gains rising or falling in Ghana?
- Over the last ten years it is up 752.1%. 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 income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.