Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
GH₵ 43,488
Income Tax
- GH₵ 6,143
Social Security
- GH₵ 2,392
Total tax
- GH₵ 8,535
Net pay
* GH₵ 34,953
Marginal tax rate
22.0%
Average tax rate
19.6%
80.4%
Net pay
19.6%
Total tax
Total tax
Net pay
The Taxberg
GH₵ 34,953
Net pay
GH₵ 5,653
Tax the employer pays
GH₵ 8,535
Tax you pay
Total tax paid
GH₵ 14,189
Did you know your employer also pays tax on your salary? It costs the employer GH₵ 5,653 to pay you GH₵ 43,488. In other words, every time you spend GH₵ 10 of your hard-earned money, GH₵ 3.26 goes to the government.
Real tax rate
28.9%
So, with you and the employer both paying tax, what used to be a 19.6% tax rate now rises to 28.9%, meaning your real tax rate is actually 9.3% higher than what it seemed at first.
Summary
If you make GH₵ 43,488 a year living in Ghana, you will be taxed GH₵ 8,535. That means that your net pay will be GH₵ 34,953 per year, or GH₵ 2,913 per month. Your average tax rate is 19.6% and your marginal tax rate is 22.0%. 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₵ 22.04, hence, your net pay will only increase by GH₵ 77.96.
Bonus Example
A GH₵ 1,000 bonus will generate an extra GH₵ 780 of net incomes. A GH₵ 5,000 bonus will generate an extra GH₵ 3,898 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
GHS 39721
8.7%
1
Canada
GHS 38443
11.6%
2
Latin America
Country 
Net pay
Average tax
Rank
Mexico
GHS 42371
2.6%
1
Colombia
GHS 42201
7.6%
2
Brazil
GHS 40164
7.6%
3
Puerto Rico
GHS 40031
8.0%
4
Ecuador
GHS 39378
9.5%
5
Guatemala
GHS 39318
9.6%
6
Costa Rica
GHS 38922
10.5%
7
Panama
GHS 38704
11.0%
8
Peru
GHS 38052
12.5%
9
Argentina
GHS 36095
17.0%
10
Chile
GHS 35834
17.6%
11
Uruguay
GHS 35617
18.1%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Saudi Arabia
GHS 43488
0.0%
1
United Arab Emirates
GHS 41314
5.0%
2
Qatar
GHS 41314
5.0%
3
Bahrain
GHS 40009
8.0%
4
Oman
GHS 40009
8.0%
5
Kuwait
GHS 38704
11.0%
6
Israel
GHS 37769
13.2%
7
Lebanon
GHS 35707
17.9%
8
Egypt
GHS 34108
21.6%
9
Turkey
GHS 28423
34.6%
10
Show more
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.