Tax Regime and Investment

Type of company Percentages (%)

Hotel 22
Financial institution-income from loan to farming enterprises 20
Financial institution-income from loan for leasing company 20
All companies 25
Companies engaged in non-traditional export 8
Companies listed on stock exchange 22
Investment incentive

Tax Holidays (from start of operation)

Sector Number of years
Real estate 5years
Rural banks after 10years tax holidays
Cattle ranching tree cropping (e.g coffee, oil palm,shea-butter and coconut) 10years
Livestock excluding cattle and poultry 5years
Fish Farming, poultry and cash crops 5years
Agro-processing-converting fish, live stock into edible canned product 5years
Waste processing (including plastics and polythene 7years
Free zones enterprises/development (after 10 years of operation) 8%
Locational Incentives (Tax Rebates)

a)Manufacturing industries located in:

Accra and Tema 25%
All other regional capitals 18.75%
Located outside regional capitals 12.50%

b) After the initial 5-year tax holiday period, Agro-processing enterprises which use local agricultural raw materials as their main inputs shall have corporate tax rates fixed according to their location as follows:

Accra – Tema 20%
Other Regional Capitals (except Northern,

Upper East and Upper West Regional Capitals) 10%

Outside Regional Capitals 0%
Northern, Upper East and

Upper West Regions (capitals and all other locations)0%
Exemptions

Industrial plant, machinery or equipment and parts thereof are exempted from customs import duty under the HS Codes chapter 82, 84, 85 and 98. An enterprise whose plant, machinery or equipment and parts are not zero rated under the Customs, Excise and Preventive Service Management Act, 1993 may submit an application for exemption from import duties and related charges on the plant, machinery or equipment or parts of the plant, machinery or equipment to the Centre.

Investment Guarantees

Constitutional guarantee
Investment laws which guarantee 100% transfer profits, dividends, etc.
MIGA membership
Bilateral Investment Promotion Treaties (BITs)
Double Taxation Agreements (DTAs)

Source :

http://www.gipcghana.com/invest-in-ghana/why-ghana/tax-regime-and-incentives.html