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Basic Economic Summary


  • Local Languages: English, Akan, Hausa
  • Capital: Accra
  • Currency: Ghanaian Cedi (GHS)
  • Population (2019): 30.42 million 
  • Date Format: dd/mm/yyyy

Useful Information

  • GDP Per Capita (in USD): 2202.12 USD
  • Exchange Rate (GHS/USD): 0.17
  • PISA Ranking (2018): Not Available
  • Number of University Graduates (2019): 496,150

Local Universities

University No. of graduates Rankings
University of Ghana 44,474 Ranking in Ghana: 1, World Ranking: 1172
Ghana Institute of Management and Public Administration 1,004 Ranking in Ghana: 6, World Ranking: 4086
Kwame Nkrumah University of Science and Technology 22,011 Ranking in Ghana: 2, World Ranking: 1507
University of Education, Winneba 16,489 Ranking in Ghana: 5, World Ranking: 3800
Ashesi University 1,400 Ranking in Ghana: 11, World Ranking: 6526

Salary Data

Average Salary of Jobs (Per Month)

Job Title Salary Range (in GHS) Salary Range (in USD)
Technical Product Engineer 1447 - 3861 251.05 - 669.88
Software Developer 1425 - 7221 247.25 - 1252.85
Data Analyst 1331 - 4293 230.93 - 767.39
UX Designer 1331 – 4423 230.93 - 767.39
Project Manager 1583 – 5439 274.65 - 943.66
Sales Executive 1421 – 4630 246.54 – 803.3
Chief Accountant 1309 - 4127 227.11 – 716.03

More information about average salaries in Ghana can be found on Paylab.

Talent Sourcing Tips


Employer Payroll Tax

Employers need to contribute 13% of the wages to social security.

Employee Payroll Tax

Employees need to contribute 5.5% of the wages to social security.

Employee Income Tax

Income Group (in GHS) Taxes
0 - 3828 0%
3829 - 5029 5%
5030 - 6470 10%
6471 - 42,471 17.5%
42,472 - 239,999 25%
240,000 and above 30%

Minimum Wage & Payroll

Minimum Wage

The minimum wage in Ghana is GHS 11.82 per day.

Payroll Cycle

The payroll cycle followed in Ghana is monthly, however it is common for companies to pay their employees every 2 weeks. Companies usually pay their employees by the last day of the month.


13th month salary

Every employee is entitled to 13th month pay as long as they have worked for at least one calendar month during the year. They are entitled to a bonus of 1/12th of the total basic salary earned during the calendar year.

Working Hours & Statutory Leave

Working hours

The usual working hours in Ghana is from 8 am until 5 pm with a minimum break of 30 minutes. The maximum working hours per week are 40.

Overtime pay

The law does not fix the rate of overtime remuneration but overtime hours on weekdays are usually paid at 150% of the normal hourly rate. For weekends and public holidays, overtime pay is at 200% of the normal hourly rate.

Public Holidays

There are a total of 13 public holidays in Ghana. A list of the public holidays in Ghana can be found here.

Annual Paid Leave

An employee is entitled to 15 working days of fully paid leave after completion of 12 months of continuous service under the same employer.

Sick Leave

There is no law governing sick leaves. However, sick leaves must be certified by a medical practitioner, and is independent of the annual leave.

Parental Leave

Maternity Leave

Female workers are entitled to 12 weeks of maternity leave with full pay. Pregnant workers must provide a medical certificate issued by a medical practitioner, indicating the expected date of delivery. Maternity leave can be extended by an additional two (2) weeks in case of caesarean delivery, abnormal birth or twin (or more) births.

Maternity leave might also be extended in case of any complications in the delivery. The maximum leave period is not mentioned in local law.

Paternity Leave

There is no provision in the law for paid or unpaid paternity leave.

Offboarding & Termination

Termination Process

Termination can be done by written notice by either party given proper reasoning. Improper reasoning for termination is as follows:

  • The employee intends to join a trade union
  • If the employee is pregnant or is absent due to maternity leave
  • If the employee is terminated for the reason of race or religion
  • If the employee is disabled
  • If the employee is forced to terminate due to inaction of the employer if the employee has lodged multiple harassment complaints

Notice Period

Contract Period Notice Period
Weekly contract 7 days notice period
Less than 3 years 2 weeks notice or 2 weeks pay in lieu of notice
3 years or more 1 month’s notice or 1 month’s pay in lieu of notice

Severance Pay

There is a provision for redundancy pay subject to negotiation between the employer and the worker or trade union. In case of dismissals for non economic reasons, there is no severance pay.

Probation period

The probation period recognized by law is that which is agreed upon by the employer and employee.



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