The 24H+ programme introduces a bold, performance-based incentive regime that shifts away from status-based privileges towards contribution-based rewards. Firms that demonstrate strong local linkages, create jobs, and contribute to value addition will benefit from:
Unified Tax Protocol Incentives
- Import Tax Exemptions: No taxes on importing:
- Machinery for manufacturing
- Solar and renewable energy inputs
- Raw materials (if not available locally)
- Vehicles and logistics equipment
- Agriculture: Full corporate income tax exemption for farming in strategic value chains
- VAT Relief: Targeted VAT exemptions for firms in key sectors
Operational Shift Incentives (24-Hour Economy Support)
- Single Shift: No tax break
- Two Shifts: Offers a significant reduction in Corporate Income Tax (CIT).
- Three Shifts (24hr): Provides a substantial reduction in Corporate Income Tax (CIT) along with priority access to electricity, water, and expedited regulatory services.
Export Performance Incentives
- Basic Export Rebate: A portion of the export value is refunded as a duty credit.
- Ghana Local Value Addition Rebate (G-LVAR):
The more local inputs used in production, the greater the rebate, with the highest level also offering equipment duty relief and R&D grants.
Made-in-Ghana Purchase Support
- Access to:
- Low-interest loans and grants
- Equipment leasing
- Subsidized raw materials and machinery
- Promotional support via expos, pop-up shops, e-commerce
Geographic Tax Incentives (Based on Business Location)
For young entrepreneurs in manufacturing, ICT, agro-processing, tourism, etc.:
- Enjoy a tax-free period for the first few years. After that, tax rates vary depending on the location
Value Chain Financing
- Loans below market rates through Development Bank Ghana
- Equity (patient capital) via Venture Capital Trust Fund
- Priority to cooperatives and trade associations
Infrastructure Investment Tax Credit
- Get tax credit for investing in:
- Feeder roads
- Industrial parks
- Solar energy systems for processors
- Inland ports, air cargo infrastructure
Green Energy & Innovation
- Income tax rebate (for 2 years) for:
- Energy from waste, ethanol blending, biomass power
- Compost, animal feed, and bio-fertilizers
- Other benefits:
- Guaranteed offtake for mini-grid energy
- Fast-track permits and GIPC support
Strategic Value Chain Development Fund
Funded through a levy on certain imports, to support:
- Export bonuses
- Value chain financing
- Sectors: processed foods, cosmetics, cement, plastic goods, etc
Enhanced Investor Services
- One-stop digital portal for all investor registrations
- Key Account Managers for strategic projects
- Dashboard to track incentive access and firm performance
Expatriate Talent Support
- More work/residence permits for skilled trainers in emerging sectors
- Permit fee adjustments to attract strategic foreign talent
Cooperative Development Support
- Special fund for:
- Training and digitization
- Financial and operational autonomy
- Preferential access to financing schemes
For Foreign Investors
- Key Incentives include
- Enhanced expatriate quotas and fast permits
- Strategic aftercare via Key Account Managers
- Access to all other tax and operational incentives listed above
- Required Contributions:
- Local supplier development
- Skills transfer
- Use of local inputs
- Engagement in local markets