By Goodnews Dzramedo Finance, Supply Chain and Total Rewards Professional Executive Summary The Income Tax (Amendment) Act, 2026 (Act 1178) provides targeted relief to individual taxpayers and broadens access to Ghana’s presumptive tax regime for small businesses. The Act increases the annual tax-free threshold for resident individuals from GH¢5,880 to GH¢7,056 and raises the presumptive tax turnover threshold from GH¢500,000 to GH¢750,000. These changes are expected to improve disposable income, reduce compliance pressure for qualifying SMEs, and support a simpler tax administration framework. Key Takeaways The tax-free threshold has increased by 20%, providing relief to all resident individual taxpayers. Minimum wage earners are effectively removed from the personal income tax net. The top marginal tax rate remains 35% for annual income above GH¢600,000. More SMEs may now qualify for the 3% presumptive tax regime because the turnover threshold has increased to GH¢750,000. Small...