Corporate Tax Incentives by Sector
Published 20 March 2024
Ghana applies different corporate tax rates depending on the sector your business operates in. Understanding these rates can help you plan your tax obligations and take advantage of available incentives.
Standard Corporate Tax Rate
The standard corporate tax rate in Ghana is 25%, applicable to most businesses.
Reduced Rates by Sector
- Manufacturing — 25% (standard), but new manufacturing companies may qualify for tax holidays
- Mining & Upstream Petroleum — 35%
- Hotels & Hospitality — 22%
- Export of Non-Traditional Goods — 8%
- Farming & Agro-Processing — Various incentives including tax holidays for tree crops
- Free Zone Enterprises — 0% for the first 10 years, then 15% thereafter (some restrictions apply)
- Real Estate Development — 25% (standard)
Tax Holidays and Incentives
Ghana offers several incentive schemes including the Ghana Investment Promotion Centre (GIPC) Act and the Free Zones Act. New businesses in priority sectors may qualify for tax holidays of 5 to 10 years. Location-based incentives also exist for businesses operating outside Accra and Tema.
How to Claim Incentives
Apply through GIPC or the Ghana Free Zones Authority. You will need your business registration, investment plan, and supporting documents. Incentives are subject to meeting specific employment and investment thresholds.