Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
GH₵ 8,700
Income Tax
- GH₵ 411
Social Security
- GH₵ 479
Total tax
- GH₵ 889
Net pay
* GH₵ 7,811
Marginal tax rate
15.3%
Average tax rate
10.2%
89.8%
Net pay
10.2%
Total tax
Total tax
Net pay
Summary
If you make GH₵ 8,700 a year living in Ghana, you will be taxed GH₵ 889. That means that your net pay will be GH₵ 7,811 per year, or GH₵ 651 per month. Your average tax rate is 10.2% and your marginal tax rate is 15.3%. 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₵ 15.28, hence, your net pay will only increase by GH₵ 84.72.
Bonus Example
A GH₵ 1,000 bonus will generate an extra GH₵ 847 of net incomes. A GH₵ 5,000 bonus will generate an extra GH₵ 4,236 of net incomes.
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.