Ghana’s 2027 Budget Statement introduces no new taxes or increases in existing tax rates, maintaining corporate and personal income tax rates while prioritising tax compliance, administrative enforcement, and reforms to existing tax legislation.
Ghana’s government has presented its 2027 budget statement and economic policy to parliament on 12 November 2026. It avoids introducing new taxes or raising existing tax rates. Instead, the fiscal policy focuses on administrative tightening, compliance enforcement, and structural overhauls of existing legislation.
Therefore, the 2027 budget statement makes no changes to corporate or personal income tax rates and introduces no new PIT tax bands. However, there are various tax reforms, which are summarised below:
Replacement of the Income Tax Act, 2015 (Act 896)
The Ministry of Finance and the Ghana Revenue Authority (GRA) have completed a review of the Income Tax Act, 2015 (Act 896), to address developments in virtual assets, the digital economy, and international tax standards. Drafting instructions for a new Income Tax Bill have been submitted to the Attorney-General’s Office, with enactment targeted for early 2027. Changes to corporate tax rules, allowances, and digital economy taxation will be addressed through the new legislation.
Double taxation agreements and base erosion
Ghana is finalising an evaluation of its Double Taxation Agreements (DTAs) and plans to engage treaty partners in 2027 to align agreements with international BEPS standards and address treaty shopping and cross-border profit shifting. Parliament is also considering the Automatic Exchange of Financial Account Information Bill to strengthen cross-border reporting and tax compliance.
Administrative compliance and audit enforcement
The government plans to strengthen corporate tax compliance through the Integrated Tax Administration System (ITAS), data analytics, and digital surveillance rather than increasing headline tax rates. The Revenue Administration Act, 2016 (Act 915), will also be overhauled in 2027 to introduce statutory audit timelines, standardised penalties, binding tax rulings, and improved dispute resolution through the Independent Tax Appeals Board (ITAB).
Value added tax and domestic levies
The VAT registration threshold for micro and small enterprises remains GHS 750,000 in annual turnover under the Value Added Tax Act, 2025 (Act 1151), with eligible businesses exempt from mandatory registration. The harmonised VAT regime applies to businesses above the threshold. The GETFund levy and National Health Insurance Levy (NHIL) remain at 2.5% each.
Telecommunications and digital taxes
The Communications Service Tax (CST) remains at 5% for 2027, following its reduction from 9% to 5% in September 2020.
Income tax and statutory levies
The standard corporate income tax rate of 25% and graduated PAYE tax brackets remain unchanged under the 2027 Budget Statement.
A new Income Tax Bill is expected in early 2027 to replace Act 896. The Growth and Sustainability Levy (GSL) remains between 1% and 5%, depending on the sector. The Financial Sector Clean-up Levy remains at 5% of eligible institutions’ pre-tax profits.
Additionally, 7% of gross domestic non-oil tax revenue will be transferred monthly to the Sinking Fund Cedi Account.
Trade, customs, and excise rates
Under the Excise Act, 2026 (Act 1180), industrial brewers using locally sourced agricultural materials qualify for concessionary sliding-scale rates, while locally manufactured fruit juices receive a 0% excise rate.
Wines and spirits are subject to a hybrid specific and ad valorem excise regime. Imported solar panels and batteries qualify for 0% import duty and import VAT under the 24-hour economy initiative.
Customs Chapter 98 concessions remain available for validated industrial machinery and inputs, with tighter eligibility controls.
Wages and baseline income thresholds
The national daily minimum wage will increase by 15.02%, from GHS 21.77 to GHS 25.04, effective 1 January 2027. Public sector base pay will rise by 9%, with one percentage point allocated to addressing pay inequities and service conditions. A 20% allowance on basic pay is also planned for teachers in deprived areas.
