
Muslim scholars in Ghana have officially established the Nisaab threshold for Zakat for the year 2026 (1447 AH), setting the benchmark at GH¢7,559.98. This announcement serves as a critical guide for the Muslim community to calculate their obligatory charity, which is one of the Five Pillars of Islam. The determination aims to provide clarity and uniformity in fulfilling this religious duty, ensuring that those who meet the financial criteria contribute 2.5% of their qualifying savings to support the less fortunate. By setting this figure well in advance, leadership hopes to encourage early financial planning and accurate assessments of wealth among the faithful.
The Chief Imam, Sheikh Abdul Razak Bawa Aransa, provided a detailed breakdown of the calculations, which are traditionally based on the market values of gold and silver. For the 2026 lunar year, scholars have strongly advocated for the use of the silver standard as the basis for the Nisaab calculation. According to Sheikh Aransa, the silver standard is more appropriate for Ghana’s current economic landscape compared to gold, as it sets a more accessible threshold that allows a broader range of individuals to participate in the act of Zakat. Individuals who have maintained savings equal to or exceeding GH¢7,559.98 for one full lunar year are expected to pay a minimum Zakat of approximately GH¢188, a contribution that collectively forms a vital safety net for the vulnerable.
Beyond the specific financial figures, the announcement emphasizes the broader societal impact of Zakat in promoting social equity and community cohesion. Sheikh Abdul Razak highlighted that understanding and accurately calculating the Nisaab is fundamental to addressing poverty and economic inequality within the country. To assist the public in this spiritual and financial process, various educational tools and consultation hotlines have been established, offering expert guidance to those unsure of their specific obligations. This initiative reflects a proactive effort by the Muslim leadership to leverage religious duty as a tool for sustainable development and social stability across Ghana.
This story touches markets covered on Anansi Intelligence ↗.
Live rates
Ghana gold price →Continue exploring similar stories