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Average Salary in Ghana 2020

How much money does a person working in Ghana make?


Average Monthly Salary
5,110 GHS
( 61,300 GHS yearly)

LOW
690
GHS
AVERAGE
5,110
GHS
HIGH
22,600
GHS

A person working in Ghana typically earns around 5,110 GHS per month. Salaries range from 690 GHS (lowest average) to 22,600 GHS (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Ghana

Median and salary distribution monthly Ghana
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Ghana range from 690 GHS per month (minimum salary) to 22,600 GHS per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 4,700 GHS per month, which means that half (50%) of the population are earning less than 4,700 GHS while the other half are earning more than 4,700 GHS. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 2,430 GHS while 75% of them are earning more than 2,430 GHS. Also from the diagram, 75% of the population are earning less than 12,600 GHS while 25% are earning more than 12,600 GHS.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Ghana costs anywhere from 25,600 Cedi(s) to 76,700 Cedi(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender monthly Ghana
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Ghana earn 9% more than their female counterparts.

Female
4,850 GHS
Male+9%
5,290 GHS
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Ghana

How much are annual salary increments in Ghana? How often do employees get salary raises?

Ghana

Employees in Ghana are likely to observe a salary increase of approximately 8% every 19 months.

Annual Salary Increment Rate Ghana
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Ghana is 5%.

Annual Increment Rate By Industry 2019

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Listed above are the average annual increase rates for each industry in Ghana for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Ghana

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ghana
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55% of surveyed staff in Ghana reported that they haven't received any bonuses or incentives in the previous year while 45% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% of their annual salary.

Received Bonus
45%
No Bonus
55%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Ghana
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Where can you get paid more, working for a private company or for the government? Public sector employees in Ghana earn 8% more than their private sector counterparts.

Private Sector
4,900 GHS
Public Sector+8%
5,270 GHS
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Ghana

How are Ghana salaries changing over time? The chart below shows the average salary change in the past few years.

Salary trends and forecast monthly Ghana
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Average Salary 2016
4,700 GHS
Average Salary 2017+4%
4,870 GHS
Average Salary 2018+1%
4,940 GHS
Average Salary 2019+2%
5,020 GHS
Percentage increase and decrease are relative to the previous value

Salaries in Ghana are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant3,240 GHS
Accounting Assistant3,070 GHS
Accounting Manager6,600 GHS
Bookkeeper2,620 GHS
Chartered Accountant4,280 GHS
Corporate Treasurer8,770 GHS
Financial Analyst5,140 GHS
Financial Manager9,980 GHS
Internal Auditor4,800 GHS

Administration / Reception / Secretarial
Administrative Assistant2,600 GHS
Office Manager3,290 GHS
Receptionist3,660 GHS
Secretary2,640 GHS

Advertising / Grapic Design / Events
Art Director4,720 GHS
Creative Director4,780 GHS
Graphic Designer3,280 GHS
Photographer3,430 GHS

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer5,480 GHS
Air Traffic Controller5,010 GHS
Flight Attendant4,200 GHS
Pilot5,840 GHS

Architecture
Architect4,390 GHS
CAD Drafter3,760 GHS

Automotive
Mechanic2,530 GHS
Service Advisor3,650 GHS

Banking
Bank Branch Manager7,090 GHS
Teller3,230 GHS

Bilingual
Teacher3,850 GHS
Translator4,280 GHS

Business Planning
Business Analyst5,740 GHS
Business Development Manager7,070 GHS
Project Manager5,380 GHS

Care Giving and Child Care
Nanny2,950 GHS
Nursery Teacher3,520 GHS

Construction / Building / Installation
Civil Engineer4,570 GHS
Construction Project Manager6,000 GHS
Health and Safety Officer3,200 GHS

Customer Service and Call Center
Call Center Representative3,460 GHS
Customer Service Manager6,220 GHS
Customer Service Representative3,250 GHS

Engineering
Electrical Engineer4,690 GHS
Engineer4,170 GHS
Mechanical Engineer4,670 GHS

Executive and Management
Chief Executive Officer10,800 GHS
Chief Financial Officer10,500 GHS
General Manager8,290 GHS

Food / Hospitality / Tourism / Catering
Chef4,080 GHS
Executive Chef4,240 GHS
Hotel Manager6,900 GHS
Travel Agent3,810 GHS
Waiter / Waitress3,050 GHS

Health and Medical
Dentist11,800 GHS
Dietitian11,200 GHS
Laboratory Technician3,590 GHS
Nurse3,760 GHS

Human Resources
Human Resources Manager6,910 GHS
Human Resources Officer3,800 GHS

Information Technology
Computer Technician3,600 GHS
Database Administrator4,890 GHS
Developer / Programmer4,080 GHS
Information Technology Manager7,050 GHS
Network Engineer4,370 GHS

Law Enforcement / Security / Fire
Police Officer3,750 GHS

Legal
Attorney7,120 GHS
Legal Assistant3,460 GHS

Media / Broadcasting / Arts / Entertainment
Journalist4,600 GHS

Pharmaceutical and Biotechnology
Biomedical Engineer4,030 GHS
Pharmacist5,350 GHS

Sales Retail and Wholesale
Cashier2,760 GHS
Sales Manager7,750 GHS
Sales Representative3,170 GHS

Teaching / Education
Elementary School Teacher3,460 GHS
Secondary School Teacher3,860 GHS

Average Hourly Wage in Ghana


29 GHS per hour

The average hourly wage (pay per hour) in Ghana is 29 GHS. This means that the average person in Ghana earns approximately 29 GHS for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Salary Comparison By City

CityAverage Salary
Accra5,430 GHS
Kumasi5,690 GHS
3195 - 177

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