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Hospitality (hotels) Nil 20% corporate taxExport of non-traditional goods Nil8% corporate tax(horticultural products, processedand raw agricultural productsgrown in Ghana (other than cocoabeans)Rural banking Nil 10 years tax holiday and 8% corporate taxafter tax holidayCompanies listed on the GSE Nil 22%Table IV: Location Incentives for Manufacturing and Agro-Processing BusinessesManufacturing BusinessesLocation Activity Corporate TaxAccra and Tema Nil 25%Regional capitals of Ghana (except Northern, Upper East, Nil 18.75%and West Regions)Located elsewhere in Ghana including Northern, Upper East, Nil 12.5%and West RegionsAgro-Processing BusinessesLocation Activity Corporate TaxAccra and Tema Nil 20%Regional capitals of Ghana (except Northern, Upper East, Nil 10%and West Regions)Outside other regional capitals, including Northern, UpperEast, and West RegionsNilNilFree Zone CompaniesA free zone company is exempt from payment of income tax for the first 10 years from the date of commencementof business. After the expiration of the 10 years, the company must pay income tax at 8 per cent.Value-Added TaxA company with an annual turnover exceeding GHC 90,000 must be registered as a taxable entity with the GRA andcharge 12.5 per cent VAT, unless exempted by law. Other businesses with annual turnover up to GHC 90,000 mustoperate the VAT flat rate scheme, charging tax at 3 per cent.Customs Duties and TaxesA company is liable to pay import duties on its imports into Ghana, except on imports that are specificallyexempted, such as agricultural inputs. If any goods are lost or destroyed before they are delivered to or removedfrom a factory or warehouse or in removing them from a factory or warehouse, any duties due on them may beremitted by the appropriate tax authority if they have not been used or consumed in Ghana. In addition, goods and