Ghana or Sierra Leone: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Ghana and Sierra Leone weigh about the same on the taxpayer.

Ghana

4.7/10

132nd of 217

Tax Ghana Sierra Leone Gap
Corporate income tax headline rate 25% 30% −5.0 points
Personal income tax top bracket 0% to 35% 0% to 30% +5.0 points
VAT standard rate 15% 15% Same rate

Detailed schedules

Corporate income tax

Ghana

General rate 25%
Upstream mining and oil 35%
Hospitality 22%
Banks lending to agriculture 20%
Non-traditional exports 8%

Sierra Leone

Resident companies Raised from 25% to 30% by 2026 finance law 30%
Non-resident individuals Single rate on Sierra Leone-source income 25%

Personal income tax

Ghana

n/a

Sierra Leone

Up to 600 NLe per month Or 7,200 NLe per year 0%
600 to 1,200 NLe 15%
1,200 to 1,800 NLe 20%
1,800 to 2,400 NLe 25%
Over 2,400 NLe 30%
See the Ghana page See the Sierra Leone page