In this page: Accounting Rules | Tax Rates | Intellectual Property | Legal Framework | Standards | Business Practices
The presentation and preparation of financial statements should be performed in accordance with the Sections 25-31 of the Companies Act. Financial statements must include:
Learn more about Service Providers in Ghana on Globaltrade.net, the Directory for International Trade Service Providers.
Ghana | Sub-Saharan Africa | United States | Germany | |
---|---|---|---|---|
Number of Payments of Taxes per Year | 36.0 | 36.6 | 10.6 | 9.0 |
Time Taken For Administrative Formalities (Hours) | 226.0 | 284.8 | 175.0 | 218.0 |
Total Share of Taxes (% of Profit) | 55.4 | 47.3 | 36.6 | 48.8 |
Source: Doing Business - Latest available data.
Personal Income Tax | Pogressives rates from 0% to 30% |
From GHS 0 to 3,828 | 0% |
Next GHS 1,200 | 5% |
Next GHS 1,440 | 10% |
Next GHS 36,000 | 17.5% |
Next GHS 197,532 | 25% |
Above GHS 240,000 | 30% |
Non-residents | 25% flat tax rate |
Learn more about Taxes and Accounting in Ghana on Globaltrade.net, the Directory for International Trade Service Providers.
The Ghanaian legal system is heavily influenced by the British rule and has evolved from the British Settlements Act of 1843 to the latest version of the Constitution adopted in 1992. The following are the main sources of law in Ghana:
Learn more about Lawyers and Legal in Ghana on Globaltrade.net, the Directory for International Trade Service Providers.
New Year's Day | 1 January |
Constitution Day | 7 January |
Independence Day | 6 March |
Good Friday | Friday before Easter Sunday |
Easter Monday | Monday after Easter Sunday |
May Day | 1 May |
African Unity Day | 25 May |
Eid ul-Fitr | Varies according to lunar calendar |
Republic Day | 1 July |
Eid ul-Adha | Varies according to lunar calendar |
Founders Day | 21 September |
Farmer's Day | First Friday of December |
Christmas | 25 December |
Boxing Day | 26 December |
Closure for Easter | End of March - Early April |
Closure for Christmas | End of December |
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Latest Update: April 2022