Ghana

{"ftc_utility":"medium","fbar_trigger_notes":"Expats maintaining local GCB, Ecobank, Stanbic, or other Ghanaian bank accounts should track balances. If aggregate balance across foreign accounts exceeds $10,000 USD equivalent at any point in the year, FBAR filing is required. Ghana cedi (GHS) accounts should be converted at applicable exchange rates for FBAR threshold calculation.","ftc_utility_reason":"Ghana taxes residents on worldwide income. US expats paying Ghanaian income tax at rates up to 30% can use the Foreign Tax Credit to offset US tax liability on the same income. FTC is more valuable for higher earners above the FEIE exclusion limit. Ghana has no tax treaty with the US, so credit is claimed under general US tax law provisions.","presence_day_count_notes":"Ghana does not impose strict visa-based day limits that would disqualify the 330-day physical presence test. Standard entry for US citizens allows stays, but longer-term residents typically obtain residence permits. No automatic expulsion mechanism that would interrupt the 330-day count under normal circumstances.","typical_qualifying_method":"either","housing_exclusion_available":true,"physical_presence_test_applies":true,"estimated_housing_exclusion_usd":18000,"local_tax_rate_on_earned_income":0.25,"bona_fide_residence_test_applies":true}

{"pension_income":{"notes":"Under Ghana's Income Tax Act, lump-sum pension payments from approved funds are taxed at 15% final rate. Periodic pension income is subject to progressive income tax rates. Foreign pension income is taxable for Ghana residents as foreign-source income.","tax_rate":0.15,"locally_taxed":true},"social_security":{"notes":"No US-Ghana totalization or income tax treaty. US Social Security benefits received by a Ghana tax resident would be subject to Ghanaian income tax as foreign-source income at progressive rates up to 30%.","locally_taxed":true,"treaty_protection":false},"roth_distributions":{"notes":"No US-Ghana tax treaty exists. Roth distributions are not recognized as tax-free under Ghanaian law. Qualified Roth distributions would likely be treated as foreign-source income and subject to Ghanaian income tax at applicable rates.","locally_taxed":true},"us_401k_ira_distributions":{"notes":"Ghana and the US do not have a bilateral income tax treaty. US 401(k) and IRA distributions received by a Ghana tax resident are treated as pension or foreign-source income and taxable in Ghana. Lump-sum pension payments are subject to a 15% final withholding; periodic pension payments are taxed at progressive rates. Foreign tax credit may be available for US taxes paid.","tax_rate":0.15,"locally_taxed":true,"treaty_protection":false}}

{"rate":0.15,"notes":"Ghana imposes a 15% capital gains tax on gains from disposal of chargeable assets. Gains from disposal of shares listed on the Ghana Stock Exchange are exempt.","details":{"tax_type":"Capital Gains Tax","country_name":"Ghana","country_iso_code":"GHA","source_references":["PwC Worldwide Tax Summaries - Ghana","Ghana Revenue Authority","Income Tax Act 2015 (Act 896)"],"last_verified_date":"2026-06-03","general_description":"Capital gains in Ghana are taxed at a flat rate of 15% under the Income Tax Act 2015 (Act 896). Chargeable assets include land, buildings, business assets, and shares in private companies. Gains from disposal of securities listed on the Ghana Stock Exchange are exempt from CGT.","corporate_capital_gains":{"rate":0.15,"tax_treatment":"Corporate capital gains are taxed at 15% flat rate, consistent with the individual rate. Gains on GSE-listed securities are exempt."},"individual_capital_gains":{"rate":0.15,"tax_treatment":"Individuals pay 15% on gains from disposal of chargeable assets. GSE-listed securities exempt. Principal private residence relief may apply under certain conditions."}}}

{"notes":"Dividends paid to resident individuals are subject to a 8% withholding tax, which is a final tax. Dividends paid to non-residents are subject to a 8% withholding tax. Dividends from companies listed on the Ghana Stock Exchange benefit from a reduced rate of 5% for the first 5 years after listing.","rates":[{"rate":0.08,"type":"withholding","notes":"Standard WHT rate on dividends paid to resident and non-resident individuals - final tax"},{"rate":0.05,"type":"withholding","notes":"Reduced rate for dividends from GSE-listed companies for first 5 years after listing"}]}