Taxes on income, profits and capital gains in Ghana
Ghana: Taxes on income, profits and capital gains was 48.8% 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 total taxes.
Analysis
Ghana recorded 48.8% for taxes on income, profits and capital gains in 2023.
The figure is down 4.0% on the previous year and up 2.9% over ten years.
Over the whole period, taxes on income, profits and capital gains in Ghana peaked at 53.4% in 2020 and was at its lowest, 19.5%, in 1991.
Ghana ranks 37th of 153 countries on this measure, in the top quarter.
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 total taxes | Change |
|---|---|---|
| 1990 | 25.1% | — |
| 1991 | 19.5% | -22.1% |
| 1992 | 20.6% | +5.3% |
| 1993 | 21.7% | +5.3% |
| 2001 | 32.4% | +49.8% |
| 2002 | 32.7% | +0.8% |
| 2003 | 29.2% | -10.8% |
| 2004 | 28.0% | -4.2% |
| 2005 | 29.4% | +5.1% |
| 2006 | 27.5% | -6.5% |
| 2007 | 26.7% | -2.9% |
| 2008 | 27.1% | +1.4% |
| 2009 | 33.3% | +23.2% |
| 2010 | 35.6% | +6.8% |
| 2011 | 35.9% | +0.8% |
| 2012 | 47.8% | +33.2% |
| 2013 | 47.4% | -0.8% |
| 2014 | 47.5% | +0.2% |
| 2015 | 40.6% | -14.6% |
| 2016 | 37.5% | -7.6% |
| 2017 | 44.0% | +17.4% |
| 2018 | 49.7% | +12.8% |
| 2019 | 53.0% | +6.7% |
| 2020 | 53.4% | +0.7% |
| 2021 | 49.5% | -7.3% |
| 2022 | 50.9% | +2.8% |
| 2023 | 48.8% | -4.0% |
Ghana compared with similar countries
- Ghana's 48.8% is above the median for lower middle income countries, which is 35.7%, 1.4× the median. (35 countries reporting)
- Ghana's 48.8% is above the median for Sub-Saharan Africa, which is 33.6%, 1.5× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains 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 | +49.8% | 21.7% | 32.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.7% | 19.5% | 25.1% | 4 |
| 2000s | 29.6% | 26.7% | 33.3% | 9 |
| 2010s | 43.9% | 35.6% | 53.0% | 10 |
| 2020s | 50.6% | 48.8% | 53.4% | 4 |
Countries ranked near Ghana
More public sector data for Ghana
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- Universal right to vote, annual growth rate 0 % change on previous year (2025)
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Frequently asked questions
- What is taxes on income, profits and capital gains in Ghana?
- Taxes on income, profits and capital gains in Ghana was 48.8% 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 53.4% in 2020.
- What is the lowest taxes on income, profits and capital gains recorded in Ghana?
- The lowest recorded value was 19.5% in 1991.
- How does Ghana rank for taxes on income, profits and capital gains?
- Ghana ranks 37th 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 2.9%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.