In the rankings of African countries with the highest corporate taxes, Ghana secures the 10th position on the continent.

As indicated by a survey conducted by OnDeck, the average corporate tax in Ghana stands at approximately $25,000.

A number of African nations surpass Ghana in terms of corporate tax payments. These countries include South Africa ($28,000), Ethiopia ($30,000), Kenya ($30,000), Nigeria ($30,000), and Cameroon ($30,800).

The survey incorporated corporate tax data from 200 countries.

OnDeck Capital, an online small business lending company based in the United States, highlights that corporate tax rates exhibit significant diversity globally, aligning with each nation's distinct economic requirements.

For instance, countries endowed with substantial natural resources frequently generate a significant portion of their tax revenue through elevated corporate taxes imposed on oil and natural gas enterprises. This approach enables other industries to function within a relatively low-tax environment.

OnDeck Capital underscores that Africa possesses some of the least competitive tax rates among all continents.