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Ghana: Taxes and Costs

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Rental income tax is moderate in Ghana

Effective Tax Rate on Rental Income
Monthly Income	US$1,500	US$6,000	US$12,000
Tax Rate	15%	15%	15%
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INDIVIDUAL TAXATION

Non-residents are taxed on all income derived from Ghana.

INCOME TAX

Non-residents are taxed at flat rates in Ghana. The applicable tax rate depends on the income classification.

RENTAL INCOME

Rental income earned by non-residents is subject to a final withholding tax of 15% levied on the gross income.

CAPITAL GAINS TAX

Capital gains are taxed at 10% of the net gains realized from selling real properties. Acquisition cost, improvement costs, and legal fees and other expenses necessarily incurred in the process of selling the property, are deductible.Net gains not exceeding GHC500,000 (US$342,785) are exempt. Gains are also exempt if the entire amount is reinvested in another property within a year, and if the transfer of ownership was to the taxpayer’s spouse, child, parent, brother, sister, aunt, uncle, nephew or niece.

PROPERTY TAX

Property Tax

Property tax is levied annually by local authorities on the estimated value of the property, depending on the classification of the area where it is located. The rates range from 0.5% to 3%.

Ghana - more data and information

• Guide to buying houses and registering property sales in Ghana

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