- By international standards, income taxes in Ghana are moderate and its stable social security system has a good reputation
- In 2006, corporate income tax in Ghana was reduced from 32.5 percent to 25 percent; significant tax breaks are offered to select industries and investment outside big cities
- For the first 10 years of operation, companies in “industrial free zones” are exempt from corporate taxes
Ghana, the first sub-Saharan country to gain independence from European colonization in 1957, today is a multicultural democracy of some 27 million with one of Africa’s more diversified economies. The country’s generations-long quest to create a balanced tax regime helpful in attaining both developmental and social goals has scored notable successes and telling failures.