Audio By Carbonatix
From January 1, 2016 any income earned form some investments by individuals will be taxed.
The action has been influenced by changes in the country’s income tax, which will see 1 percent levied as withholding tax on all interest earned on investment accounts.
According to sources close to government, the decision was taken because government wants to expand the tax net to help improve revenue.
This should mean that if you invest in Treasury Bills or Bonds, you have to pay 1 percent of the income earned to government.
The review in the Income tax ACT will also result in foreign investors pay 8 percent tax on all income earned from investments.
Meanwhile, the Executive Director of investment banking firm, C-Nergy Ghana, Mike Cobblah said the introduction of the tax might affect efforts to encourage more people to invest and buy government bonds.
Latest Stories
-
Tycoon to pay ex-wife $1.87bn in record South Korea divorce settlement
1 minute -
Anthropic safety researcher says more than 10% chance AI ‘could kill all humans’
2 minutes -
Oil hits $100 a barrel for first time since July after US and Houthi strikes
7 minutes -
Brent crude rises above $100 a barrel as Middle East conflict intensifies
1 hour -
Shelton ends Alcaraz’s title reign in late-night marathon, will face Tiafoe in US Open semis
2 hours -
Today’s front pages: Wednesday, September 9, 2026
2 hours -
Togo establishes autonomous agency to regulate medicines and health products
2 hours -
Zoomlion disinfects public facilities in Sefwi Wiawso over health risks
2 hours -
BoG flags 20 mobile loan apps operating without licence
4 hours -
Aayalolo adds 48 buses to fleet as GAPTE moves to ease Accra traffic
4 hours -
Use digital platforms to build peace, not spread prejudice – Opoku-Agyemang to youth
4 hours -
Clinic says Nigerian influencer ignored doctor’s advice to split penis enlargement procedure
4 hours -
The grass is greener somewhere is an illusion – Barfuor Adjei-Barwuah tells Ghanaian youth
5 hours -
My marriage will be secret – Singer Joeboy
5 hours -
KATH hails Ghana Medical Trust Fund after GH¢4m equipment boost
5 hours