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Ghana Tax Information

15% VAT + levies

VAT is 15% standard plus 2.5% levies. TIN required. GRA registration mandatory.

Contractor Services to Invoice

  • Labor charges
  • Material costs
  • Equipment rental
  • Permit fees
  • Subcontractor work
  • Change orders
  • Warranty work

Invoice Requirements in Ghana

TIN number
VAT registration
Client TIN
Invoice number
VAT breakdown
Total in GHS

Payment Terms

Progress billing at milestones. Retain 5-10% until final inspection.

CashNet 14Net 30COD

Payment Methods in Ghana

Bank TransferMTN Mobile MoneyGCB BankEcobankVodafone Cash

Contractor Invoice Tips

  • Break down materials and labor
  • Reference permits
  • Document change orders
  • Include lien waiver language
  • Track progress payments

Frequently Asked Questions

What tax rate applies to contractor invoices in Ghana?

Ghana has 15% VAT + levies. VAT is 15% standard plus 2.5% levies. TIN required. GRA registration mandatory.

What payment methods are common for contractors in Ghana?

Common payment methods in Ghana include: Bank Transfer, MTN Mobile Money, GCB Bank, Ecobank, Vodafone Cash. Progress billing at milestones. Retain 5-10% until final inspection.

What should contractor invoices include in Ghana?

Your invoice should include: TIN number, VAT registration, Client TIN, Invoice number. For contractor services specifically, also include: Labor charges, Material costs, Equipment rental.

How should contractors bill for projects?

Progress invoicing at milestones. Break down labor, materials, and subcontractor costs.

How do contractors handle material markup?

15-25% markup is standard. State policy in contracts.

What taxes apply in Ghana?

Ghana has 15% VAT plus additional levies (NHIL 2.5%, GETFund 2.5%) making effective rate around 17.5-20%.