Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
GH₵ 58,955
Income Tax
- GH₵ 9,635
Social Security
- GH₵ 3,243
Total tax
- GH₵ 12,878
Net pay
* GH₵ 46,077
Marginal tax rate
29.1%
Average tax rate
21.8%
78.2%
Net pay
21.8%
Total tax
Total tax
Net pay
Summary
If you make GH₵ 58,955 a year living in Ghana, you will be taxed GH₵ 12,878. That means that your net pay will be GH₵ 46,077 per year, or GH₵ 3,840 per month. Your average tax rate is 21.8% and your marginal tax rate is 29.1%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of GH₵ 100 in your salary will be taxed GH₵ 29.13, hence, your net pay will only increase by GH₵ 70.87.
Bonus Example
A GH₵ 1,000 bonus will generate an extra GH₵ 709 of net incomes. A GH₵ 5,000 bonus will generate an extra GH₵ 3,544 of net incomes.
Compare average tax
Africa
Country 
Net pay
Average tax
Rank
South Africa
GHS 58365
1.0%
1
Morocco
GHS 54427
7.7%
2
Kenya
GHS 50317
14.7%
3
Ivory Coast
GHS 49624
15.8%
4
Cameroon
GHS 49591
15.9%
5
Mozambique
GHS 47948
18.7%
6
Zambia
GHS 46900
20.5%
7
Ghana
GHS 46077
21.8%
8
Angola
GHS 44946
23.8%
9
Senegal
GHS 43388
26.4%
10
Uganda
GHS 43141
26.8%
11
Nigeria
GHS 42131
28.5%
12
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NOTE* Withholding is calculated based on the tables of Ghana, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.