Project Manager Average Salary in Ghana 2020
How much money does a Project Manager make in Ghana?
LOW
2,850
GHS AVERAGE
5,380
GHS HIGH
8,180
GHS
A person working as a Project Manager in Ghana typically earns around 5,380 GHS per month. Salaries range from 2,850 GHS (lowest) to 8,180 GHS (highest).
This is the average monthly salary including housing, transport, and other benefits. Project Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Project Manager Salary Distribution in Ghana
The median, the maximum, the minimum, and the range
Salary Range
Project Manager salaries in Ghana range from 2,850 GHS per month (minimum salary) to 8,180 GHS per month (maximum salary).
Median Salary
The median salary is 5,060 GHS per month, which means that half (50%) of people working as Project Manager(s) are earning less than 5,060 GHS while the other half are earning more than 5,060 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 Project Manager(s) are earning less than 3,560 GHS while 75% of them are earning more than 3,560 GHS. Also from the diagram, 75% of Project Manager(s) are earning less than 6,220 GHS while 25% are earning more than 6,220 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
Project Manager Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Project Manager salaries by experience level and this is what we found.
A Project Manager with less than two years of experience makes approximately 3,280 GHS per month.
While someone with an experience level between two and five years is expected to earn 4,030 GHS per month, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 5,700 GHS per month, 42% more than someone with two to five years of experience.
Additionally, Project Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 6,660 GHS per month, 17% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 7,330 GHS per month, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 7,760 GHS per month, 6% more than people with fifteen to twenty years of experience.
Project Manager average salary change by experience in Ghana
| 0 - 2 Years | 3,280 GHS | |
| 2 - 5 Years | +23% | 4,030 GHS |
| 5 - 10 Years | +42% | 5,700 GHS |
| 10 - 15 Years | +17% | 6,660 GHS |
| 15 - 20 Years | +10% | 7,330 GHS |
| 20+ Years | +6% | 7,760 GHS |
Typical Salary Progress for Most Careers
Project Manager Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Project Manager(s) who have the same experience but different education levels.
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Project Manager salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Project Manager is 3,970 GHS per month.
While someone with a Certificate or Diploma gets a salary of 4,510 GHS per month, 13% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 5,890 GHS per month, 31% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 7,760 GHS per month, 32% more than someone with Bachelor's Degree.
Project Manager average salary difference by education level in Ghana
| High School | 3,970 GHS | |
| Certificate or Diploma | +13% | 4,510 GHS |
| Bachelor's Degree | +31% | 5,890 GHS |
| Master's Degree | +32% | 7,760 GHS |
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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Project Manager Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Project Manager employees in Ghana earn 10% more than their female counterparts on average.
| Male | 5,590 GHS | |
| Female | -9% | 5,070 GHS |
Salary Comparison By Gender in Ghana for all Careers
Project Manager Average Annual Salary Increment Percentage in Ghana
How much are annual salary increments in Ghana for Project Manager(s)? How often do employees get salary raises?
Project Manager
Project Manager(s) in Ghana are likely to observe a salary increase of approximately 12% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.
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
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
Project Manager Bonus and Incentive Rates in Ghana
How much and how often are bonuses being awarded?
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A Project Manager is considered to be a high bonus-based job 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.
27% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 73% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
| Received Bonus | 73% | |
| No Bonus | 27% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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.
Project Manager Average Hourly Wage in Ghana
31 GHS per hourThe average hourly wage (pay per hour) in Ghana is 31 GHS. This means that the average Project Manager in Ghana earns approximately 31 GHS for every worked hour.
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.
Project Manager VS Other Jobs
The average salary for Project Manager is 22% less than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Account Coordinator | 4,790 GHS |  -11% |
| Administration Manager | 5,680 GHS |  +6% |
| Area Manager | 5,010 GHS | -7% |
| Asset Protection Associate | 6,090 GHS | +13% |
| Assistant Director | 5,380 GHS | -0% |
| Assistant Manager | 5,890 GHS | +9% |
| Assistant Operations Manager | 6,660 GHS | +24% |
| Assistant Project Manager | 5,690 GHS | +6% |
| Assistant Section Head | 4,550 GHS | -15% |
| Assistant to CEO | 5,430 GHS | +1% |
| Assistant Vice President | 6,020 GHS | +12% |
| Associate Director | 5,820 GHS | +8% |
| Bid Manager | 6,400 GHS | +19% |
| Branch Manager | 6,310 GHS | +17% |
| Business Development Manager | 7,240 GHS | +34% |
| Business Operations Associate | 5,500 GHS | +2% |
| Business Operations Lead | 6,160 GHS | +14% |
| Campaign Manager | 6,560 GHS | +22% |
| Chairman of The Board | 10,600 GHS | +97% |
| Chairman Office Manager | 6,850 GHS | +27% |
| Chief Corporate Officer | 8,970 GHS | +67% |
| Chief Executive Officer | 10,800 GHS | +100% |
| Chief Financial Officer | 10,500 GHS | +95% |
| Chief of Staff | 5,160 GHS | -4% |
| Chief Operating Officer | 7,980 GHS | +48% |
| Chief Risk Officer | 7,250 GHS | +35% |
| Client Services Manager | 7,040 GHS | +31% |
| Commercial Project Manager | 6,100 GHS | +13% |
| Commodity Broker | 4,380 GHS | -19% |
| Corporate Affairs Executive | 6,310 GHS | +17% |
| Corporate Compliance Director | 6,780 GHS | +26% |
| Corporate Director | 7,750 GHS | +44% |
| Corporate Officer | 5,290 GHS | -2% |
| Corporate Partnerships Officer | 5,030 GHS | -7% |
| Country Manager | 8,490 GHS | +58% |
| Deputy Director | 7,860 GHS | +46% |
| Director | 8,530 GHS | +58% |
| Director of Accreditation | 7,230 GHS | +34% |
| Director of Catering Services | 6,390 GHS | +19% |
| Director of Client Services | 6,680 GHS | +24% |
| Director of Facilities Management | 5,740 GHS | +7% |
| Director of Operations | 7,230 GHS | +34% |
| Director of Process Simplification | 5,910 GHS | +10% |
| Director of Project Management | 7,930 GHS | +47% |
| Director of Revenue Management | 6,550 GHS | +22% |
| Director of Training and Development | 7,190 GHS | +34% |
| Distribution Manager | 7,550 GHS | +40% |
| Division Manager | 6,380 GHS | +19% |
| Duty Manager | 6,560 GHS | +22% |
| Engagement Manager | 7,770 GHS | +44% |
| Executive Director | 10,700 GHS | +99% |
| Executive Manager | 8,570 GHS | +59% |
| Franchise Manager | 9,520 GHS | +77% |
| General Manager | 8,290 GHS | +54% |
| Global Master Data Manager | 7,810 GHS | +45% |
| Head of Middle Office | 6,680 GHS | +24% |
| Head of Projects | 7,620 GHS | +42% |
| Head of Sustainability | 5,970 GHS | +11% |
| Housing Manager | 5,740 GHS | +7% |
| HSE Manager | 5,780 GHS | +7% |
| Key Account Manager | 5,810 GHS | +8% |
| Knowledge Manager | 6,720 GHS | +25% |
| Location Manager | 6,770 GHS | +26% |
| Logistics Manager | 5,710 GHS | +6% |
| Management Consultant | 5,520 GHS | +3% |
| Management Executive | 8,110 GHS | +51% |
| Manager | 7,220 GHS | +34% |
| Managing Director | 9,090 GHS | +69% |
| MIS Executive | 7,190 GHS | +34% |
| Ocean Services Manager | 7,290 GHS | +35% |
| Operations Assistant | 5,290 GHS | -2% |
| Operations Director | 8,210 GHS | +53% |
| Operations Executive | 7,760 GHS | +44% |
| Operations Manager | 7,920 GHS | +47% |
| Operations Supervisor | 6,530 GHS | +21% |
| Policy Administration Executive | 6,340 GHS | +18% |
| Private Sector Executive | 6,730 GHS | +25% |
| Product Development Manager | 7,160 GHS | +33% |
| Product Executive | 6,220 GHS | +16% |
| Production Executive | 7,370 GHS | +37% |
| Production Manager | 7,550 GHS | +40% |
| Production Supervisor | 6,440 GHS | +20% |
| Program Manager | 7,520 GHS | +40% |
| Programme Coordinator | 5,350 GHS | -1% |
| Project Control Manager | 7,920 GHS | +47% |
| Project Coordinator | 4,290 GHS | -20% |
| Project Management Officer | 5,040 GHS | -6% |
| Project Manager | 5,380 GHS | -0% |
| Project Portfolio Manager | 5,590 GHS | +4% |
| Quality Manager | 5,690 GHS | +6% |
| R/D Director | 6,230 GHS | +16% |
| Regional Director | 10,500 GHS | +95% |
| Regional Manager | 7,660 GHS | +42% |
| Relationship Manager | 7,450 GHS | +38% |
| Retail District Manager | 5,430 GHS | +1% |
| Revenue Manager | 5,690 GHS | +6% |
| Risk and Capital Manager | 8,230 GHS | +53% |
| Risk Officer | 5,410 GHS | +1% |
| Safety Manager | 5,310 GHS | -1% |
| Section Head | 5,740 GHS | +7% |
| Service Manager | 5,620 GHS | +4% |
| Shift Supervisor | 4,570 GHS | -15% |
| Solutions Manager | 4,970 GHS | -8% |
| Supervisor | 4,550 GHS | -15% |
| Supply Chain Manager | 7,780 GHS | +45% |
| Surveyor | 5,090 GHS | -5% |
| Technical Manager | 7,030 GHS | +31% |
| Territory Manager | 7,250 GHS | +35% |
| Validation Manager | 6,220 GHS | +16% |
| Vice President | 8,760 GHS | +63% |
| Zone Manager | 7,420 GHS | +38% |
Salary Comparison By City
| City | Average Salary |
| Accra | 5,720 GHS |
| Kumasi | 6,150 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 |
