Ghana vs Panama: tax rates compared

Income Tax

Income Tax, side by side

Country	Rate	Source
Ghana	35%	Source: PwC Worldwide Tax Summaries — Ghana, Individual - Taxes on personal income · as of 2026-03-11
Panama	25%	Source: PWC Worldwide Tax Summaries — Panama (Individual, Taxes on personal income) · as of 2026-01-18
Difference	+10 pp	Ghana higher

Corporate Tax

Corporate Tax, side by side

Country	Rate	Source
Ghana	25%	Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Panama	25%	Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference	0 pp	displayed rates match

Ghana and Panama share the same corporate tax rate: 25%. The 201-country average is 22.6%: both sit above it.

VAT

VAT, side by side

Country	Rate	Source
Ghana	15%	Source: Ghana Revenue Authority — VAT · as of 2026-01-01
Panama	7%	Source: PWC Worldwide Tax Summaries — Panama (Corporate, Other taxes) · as of 2026-01-18
Difference	+8 pp	Ghana higher

Ghana has a VAT rate of 15%, 8pp above Panama's 7%. The 181-country average is 15%: Ghana matches the world average, Panama sits below it.

Capital Gains Tax

Capital Gains Tax, side by side

Country	Rate	Source
Ghana	15%	Source: Ghana Revenue Authority — Capital Gains Tax · as of 2026-07-19
Panama	10%	Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18
Difference	+5 pp	Ghana higher

Ghana has a capital gains tax rate of 15%, 5pp above Panama's 10%. The 175-country average is 10.3%: Ghana sits above it, Panama sits below it.

Wealth Tax

Wealth Tax, side by side

Country	Rate	Source
Ghana	0%	Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-11
Panama	0%	Source: PWC Worldwide Tax Summaries — Panama (Individual, Other taxes) · as of 2026-01-18
Difference	0 pp	displayed rates match

Ghana and Panama share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.