Social Security in Ghana
The social security contribution scheme has three tiers. The first two are mandatory, while the third is voluntary.
For the first two tiers, employees contribute 5.5% and employers 13%. This totals 18.5%, with 13.5% going to the first tier and 5% to the second tier. These contributions are tax-deductible and tax-free for both parties.
The third tier has no restrictions on contributions. Employer and employee contributions up to 16.5% are tax-exempt if made to an approved fund manager. Contributions above 16.5% are taxable.
Expatriates generally must contribute to the mandatory schemes unless exempt. However, expatriates working for contractors in the upstream petroleum industry are not required to participate in Ghana's social benefit programs.
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