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Executive and Management Average Salaries in Ghana 2020

How much money does a person working in Executive and Management make in Ghana?


Average Monthly Salary
6,860 GHS
( 82,300 GHS yearly)

LOW
2,260
GHS
AVERAGE
6,860
GHS
HIGH
11,300
GHS

A person working in Executive and Management in Ghana typically earns around 6,860 GHS per month. Salaries range from 2,260 GHS (lowest average) to 11,300 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 Executive and Management careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Coordinator4,790 GHS
Administration Manager5,680 GHS
Area Manager5,010 GHS
Asset Protection Associate6,090 GHS
Assistant Director5,380 GHS
Assistant Manager5,890 GHS
Assistant Operations Manager6,660 GHS
Assistant Project Manager5,690 GHS
Assistant Section Head4,550 GHS
Assistant to CEO5,430 GHS
Assistant Vice President6,020 GHS
Associate Director5,820 GHS
Bid Manager6,400 GHS
Branch Manager6,310 GHS
Business Development Manager7,240 GHS
Business Operations Associate5,500 GHS
Business Operations Lead6,160 GHS
Campaign Manager6,560 GHS
Chairman of The Board10,600 GHS
Chairman Office Manager6,850 GHS
Chief Corporate Officer8,970 GHS
Chief Executive Officer10,800 GHS
Chief Financial Officer10,500 GHS
Chief of Staff5,160 GHS
Chief Operating Officer7,980 GHS
Chief Risk Officer7,250 GHS
Client Services Manager7,040 GHS
Commercial Project Manager6,100 GHS
Commodity Broker4,380 GHS
Corporate Affairs Executive6,310 GHS
Corporate Compliance Director6,780 GHS
Corporate Director7,750 GHS
Corporate Officer5,290 GHS
Corporate Partnerships Officer5,030 GHS
Country Manager8,490 GHS
Deputy Director7,860 GHS
Director8,530 GHS
Director of Accreditation7,230 GHS
Director of Catering Services6,390 GHS
Director of Client Services6,680 GHS
Director of Facilities Management5,740 GHS
Director of Operations7,230 GHS
Director of Process Simplification5,910 GHS
Director of Project Management7,930 GHS
Director of Revenue Management6,550 GHS
Director of Training and Development7,190 GHS
Distribution Manager7,550 GHS
Division Manager6,380 GHS
Duty Manager6,560 GHS
Engagement Manager7,770 GHS
Executive Director10,700 GHS
Executive Manager8,570 GHS
Franchise Manager9,520 GHS
General Manager8,290 GHS
Global Master Data Manager7,810 GHS
Head of Middle Office6,680 GHS
Head of Projects7,620 GHS
Head of Sustainability5,970 GHS
Housing Manager5,740 GHS
HSE Manager5,780 GHS
Key Account Manager5,810 GHS
Knowledge Manager6,720 GHS
Location Manager6,770 GHS
Logistics Manager5,710 GHS
Management Consultant5,520 GHS
Management Executive8,110 GHS
Manager7,220 GHS
Managing Director9,090 GHS
MIS Executive7,190 GHS
Ocean Services Manager7,290 GHS
Operations Assistant5,290 GHS
Operations Director8,210 GHS
Operations Executive7,760 GHS
Operations Manager7,920 GHS
Operations Supervisor6,530 GHS
Policy Administration Executive6,340 GHS
Private Sector Executive6,730 GHS
Product Development Manager7,160 GHS
Product Executive6,220 GHS
Production Executive7,370 GHS
Production Manager7,550 GHS
Production Supervisor6,440 GHS
Program Manager7,520 GHS
Programme Coordinator5,350 GHS
Project Control Manager7,920 GHS
Project Coordinator4,290 GHS
Project Management Officer5,040 GHS
Project Manager5,380 GHS
Project Portfolio Manager5,590 GHS
Quality Manager5,690 GHS
R/D Director6,230 GHS
Regional Director10,500 GHS
Regional Manager7,660 GHS
Relationship Manager7,450 GHS
Retail District Manager5,430 GHS
Revenue Manager5,690 GHS
Risk and Capital Manager8,230 GHS
Risk Officer5,410 GHS
Safety Manager5,310 GHS
Section Head5,740 GHS
Service Manager5,620 GHS
Shift Supervisor4,570 GHS
Solutions Manager4,970 GHS
Supervisor4,550 GHS
Supply Chain Manager7,780 GHS
Surveyor5,090 GHS
Technical Manager7,030 GHS
Territory Manager7,250 GHS
Validation Manager6,220 GHS
Vice President8,760 GHS
Zone Manager7,420 GHS

Executive and Management Jobs Salary Distribution in Ghana

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

  • Salary Range

    Executive and Management salaries in Ghana range from 2,260 GHS per month (minimum average salary) to 11,300 GHS per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 7,000 GHS per month, which means that half (50%) of people working in Executive and Management are earning less than 7,000 GHS while the other half are earning more than 7,000 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 people working in Executive and Management are earning less than 4,170 GHS while 75% of them are earning more than 4,170 GHS. Also from the diagram, 75% of people working in Executive and Management are earning less than 9,340 GHS while 25% are earning more than 9,340 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 25,300 Cedi(s) to 76,000 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.

Executive and Management Salary Comparison By Gender

Salary comparison by gender monthly Ghana Executive and Management
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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 who work in Executive and Management earn 9% more than their female counterparts on average.

Male
7,090 GHS
Female-8%
6,530 GHS
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Ghana for all Careers

Salary comparison by gender monthly Ghana
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Executive and Management Average Annual Salary Increment Percentage in Ghana

How much are annual salary increments in Ghana for Executive and Management professionals? How often do employees get salary raises?

Executive and Management

Executive and Management professionals in Ghana are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.

Annual Salary Increment Rate Ghana Executive and Management
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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.

Ghana / All Professions

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.


Worldwide Salary Raises: All Countries and All Jobs

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Executive and Management Bonus and Incentive Rates in Ghana

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ghana Executive and Management
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Executive and Management is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

25% of surveyed staff in Executive and Management reported that they haven't received any bonuses or incentives in the previous year while 75% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
75%
No Bonus
25%

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.


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.

Executive and Management Hourly Average Wage in Ghana


40 GHS per hour

The average hourly wage (pay per hour) in Ghana is 40 GHS. This means that the average person in Ghana earns approximately 40 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.

Executive and Management VS Other Jobs

Salary Comparison Between Executive and Management and Executive and Management monthly Ghana
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The average salary for Executive and Management is 35% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Accra7,290 GHS
Kumasi7,640 GHS

Government vs Private Sector Salary Comparison

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 on average across all sectors.

Private Sector
4,860 GHS
Public Sector+8%
5,230 GHS
Percentage increase and decrease are relative to the previous value

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