Taxes on income, profits and capital gains in Ghana
Ghana: Taxes on income, profits and capital gains was 39.5% in 2023. ▲ Rising
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 % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Ghana is 39.5%, measured in 2023.
The figure is down 0.7% on the previous year and up 15.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Ghana peaked at 43.0% in 2020 and was at its lowest, 15.2%, in 1993.
Ghana ranks 15th of 153 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 27 years of available data.
Taxes on income, profits and capital gains in Ghana, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 20.6% | — |
| 1991 | 16.0% | -22.5% |
| 1992 | 17.0% | +6.1% |
| 1993 | 15.2% | -10.2% |
| 2001 | 22.3% | +46.5% |
| 2002 | 27.1% | +21.4% |
| 2003 | 21.7% | -19.7% |
| 2004 | 19.5% | -10.5% |
| 2005 | 20.8% | +6.7% |
| 2006 | 20.1% | -3.1% |
| 2007 | 18.7% | -6.9% |
| 2008 | 20.1% | +7.5% |
| 2009 | 22.6% | +12.3% |
| 2010 | 24.8% | +9.6% |
| 2011 | 24.7% | -0.4% |
| 2012 | 35.2% | +42.6% |
| 2013 | 34.2% | -3.0% |
| 2014 | 36.3% | +6.3% |
| 2015 | 29.7% | -18.3% |
| 2016 | 28.3% | -4.7% |
| 2017 | 33.8% | +19.5% |
| 2018 | 39.4% | +16.8% |
| 2019 | 42.5% | +7.8% |
| 2020 | 43.0% | +1.3% |
| 2021 | 39.9% | -7.3% |
| 2022 | 39.8% | -0.4% |
| 2023 | 39.5% | -0.7% |
Ghana compared with similar countries
- Ghana's 39.5% is above the median for lower middle income countries, which is 25.8%, 1.5× the median. (35 countries reporting)
- Ghana's 39.5% is above the median for Sub-Saharan Africa, which is 25.5%, 1.5× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.2% | 15.2% | 20.6% | 4 |
| 2000s | 21.4% | 18.7% | 27.1% | 9 |
| 2010s | 32.9% | 24.7% | 42.5% | 10 |
| 2020s | 40.5% | 39.5% | 43.0% | 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 39.5% 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 43.0% in 2020.
- What is the lowest taxes on income, profits and capital gains recorded in Ghana?
- The lowest recorded value was 15.2% in 1993.
- How does Ghana rank for taxes on income, profits and capital gains?
- Ghana ranks 15th 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 15.6%. The long-run trend across the full record is rising.
- 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 (% of revenue). 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
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.