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Review of the Income Tax (Amendment) Act, 2026 (Act 1178), its impact on taxpayers

Review of the Income Tax (Amendment) Act, 2026 (Act 1178), its impact on taxpayers

Executive Summary The Income Tax (Amendment) Act, 2026 (Act 1178) provides targeted relief to individual taxpayers and broadens access to Ghana’s presumptive tax regime for small businesses. The Act increases the annual tax-free threshold for resident individuals from GH¢5,880 to GH¢7,056 and raises the presumptive tax turnover threshold from GH¢500,000 to GH¢750,000.

Christabel Danso·
Locking it down

Locking it down

Why does everyone want you to sign an NDA? Simple. Because you don’t know the Winklevosses.

Francis Buetey·

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