Ghana Budget 2023 Includes Additional Top individual income tax Rate, Increased VAT Rate, and Other Measures
Ghana's Ministry of Finance has published the 2023 Budget Statement delivered in parliament on 24 November 2022. Tax measures announced as part of the budget include the following:
- The introduction of an additional top individual income tax bracket with a rate of 35%;
- An increase in the concessional tax rate of 1% to 5% for certain activities/sectors, along with the implementation of a minimu…