Relocation intelligence

🇬🇭 Moving to Ghana: tax, residency and cost of living

Progressive personal income tax from 0% to 35%, with the top rate above GHS 605,000. On income equal to EUR 54,000 the effective burden is about 32%, including the employee SSNIT contribution of 5.5%. Residents are taxed on worldwide income, with reliefs available. Corporate tax is 25%, VAT around 15% plus levies, capital gains tax 15%, and there is no net wealth tax.

Thinking of moving to Ghana? Here is the tax, residency, property and quality-of-life picture in plain numbers, with sources.

Key facts

Top income tax
35%
Corporate tax
25%
Capital gains
15%
Wealth tax
No
Inheritance tax
No
Cost of living index
38
Safety
6/10
Internet quality
4/10
Visa-free destinations
65
Foreigners can own property
No
Residency in
6 months
Citizenship in
5 years

Taxes

Progressive brackets from 0% to 35%. On EUR 54,000 the effective burden is about 32%, including SSNIT of 5.5%. Residents pay on worldwide income, with reliefs. Capital gains 15%, no wealth tax.

Residency and visas

Residence runs via a work or residence permit, usually tied to employment or investment. The path to citizenship is long.

Property ownership

Foreigners cannot acquire freehold land. Only leasehold up to 50 years is possible, with renewal in practice depending on the owner.

Cost of living and quality of life

Stable democracy with an English-speaking society and an economy driven by gold, cocoa and oil. Cost of living is low, but healthcare and infrastructure are limited.

Passport and mobility

The Ghanaian passport gives visa-free or visa-on-arrival access to about 65 destinations. Ghana is English-speaking and sits centrally in West Africa.

Why people move to Ghana

  • English-speaking gateway to West Africa

    Ghana is English-speaking and is seen as one of the region's most stable democracies, making settling and doing business accessible.

  • Growth market rich in resources

    A growing economy built on gold, cocoa and oil offers opportunity, at a low cost of living.

Honest trade-offs

  • Buitenlanders kunnen geen eigendom (freehold) van grond verwerven. Alleen erfpacht tot maximaal 50 jaar is mogelijk.
  • De kwaliteit van de gezondheidszorg is beperkt en gespecialiseerde behandelingen vereisen vaak reizen naar het buitenland.
  • Inwoners betalen belasting over hun wereldwijde inkomen en de effectieve druk loopt op tot circa 32%, inclusief SSNIT, bij een inkomen rond EUR 54.000.

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Sources

Other destinations