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Sales Retail and Wholesale Average Salaries in Ghana 2020

How much money does a person working in Sales Retail and Wholesale make in Ghana?


Average Monthly Salary
5,470 GHS
( 65,600 GHS yearly)

LOW
2,830
GHS
AVERAGE
5,470
GHS
HIGH
8,800
GHS

A person working in Sales Retail and Wholesale in Ghana typically earns around 5,470 GHS per month. Salaries range from 2,830 GHS (lowest average) to 8,800 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 Sales Retail and Wholesale 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 Officer3,750 GHS
Area Sales Manager7,860 GHS
Assistant Department Manager3,020 GHS
Assistant Retail Store Manager4,640 GHS
Branch Manager6,250 GHS
Cashier2,760 GHS
Cashier Manager4,080 GHS
Depot Manager6,450 GHS
Deputy Sales Manager5,280 GHS
Distribution Director6,610 GHS
Global Wholesale Manager8,660 GHS
Head Cashier4,140 GHS
Head of Retail6,550 GHS
Head Teller4,060 GHS
Inside Sales Executive5,310 GHS
Inside Sales Representative3,400 GHS
Inventory Manager5,660 GHS
Key Account Manager5,290 GHS
Medical Device Sales4,500 GHS
National Customer Solution Specialist6,770 GHS
Parts Salesperson3,310 GHS
Project Development Manager6,260 GHS
Project Manager6,100 GHS
Purchasing and Sales Executive7,580 GHS
Quotation Engineer3,680 GHS
Relationship Manager7,250 GHS
Retail Operations Manager6,070 GHS
Retail Sales Associate4,500 GHS
Retail Store Manager5,190 GHS
Revenue Manager5,590 GHS
Sales Account Manager6,240 GHS
Sales Admin Executive7,150 GHS
Sales Assistant2,790 GHS
Sales Associate3,550 GHS
Sales Consultant4,100 GHS
Sales Coordinator3,800 GHS
Sales Development Representative4,120 GHS
Sales Engineer4,210 GHS
Sales Executive6,380 GHS
Sales Manager7,750 GHS
Sales Officer3,540 GHS
Sales Planning Analyst5,210 GHS
Sales Representative3,170 GHS
Sales Specialist4,650 GHS
Sales Support3,480 GHS
Sales Team Leader4,610 GHS
Sales Trainer4,600 GHS
Securities Sales Agent5,540 GHS
Shipper / Receiver2,940 GHS
Shop Manager5,040 GHS
Store Development Administrator4,100 GHS
Trade Marketing Officer5,630 GHS
Treasury Officer5,020 GHS
Vice President Sales7,630 GHS
Visual Merchandiser4,050 GHS

Sales Retail and Wholesale Jobs Salary Distribution in Ghana

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

  • Salary Range

    Sales Retail and Wholesale salaries in Ghana range from 2,830 GHS per month (minimum average salary) to 8,800 GHS per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 5,250 GHS per month, which means that half (50%) of people working in Sales Retail and Wholesale are earning less than 5,250 GHS while the other half are earning more than 5,250 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 Sales Retail and Wholesale are earning less than 3,640 GHS while 75% of them are earning more than 3,640 GHS. Also from the diagram, 75% of people working in Sales Retail and Wholesale are earning less than 6,740 GHS while 25% are earning more than 6,740 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.

Sales Retail and Wholesale Salary Comparison By Gender

Salary comparison by gender monthly Ghana Sales Retail and Wholesale
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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 earn 12% more than their female counterparts.

Female
5,230 GHS
Male+12%
5,830 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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Sales Retail and Wholesale Average Annual Salary Increment Percentage in Ghana

How much are annual salary increments in Ghana for Sales Retail and Wholesale professionals? How often do employees get salary raises?

Sales Retail and Wholesale

Sales Retail and Wholesale professionals in Ghana are likely to observe a salary increase of approximately 10% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.

Annual Salary Increment Rate Ghana Sales Retail and Wholesale
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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

Annual Salary Increment Rate Ghana
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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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Sales Retail and Wholesale Bonus and Incentive Rates in Ghana

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ghana Sales Retail and Wholesale
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Sales Retail and Wholesale 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.

28% of surveyed staff in Sales Retail and Wholesale reported that they haven't received any bonuses or incentives in the previous year while 72% 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
72%
No Bonus
28%

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.

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

Sales Retail and Wholesale Salary Forecast and Trend in Ghana

How do Sales Retail and Wholesale salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Ghana Sales Retail and Wholesale
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Average Salary 2016
4,850 GHS
Average Salary 2017+4%
5,030 GHS
Average Salary 2018+2%
5,130 GHS
Average Salary 2019+3%
5,270 GHS
Percentage increase and decrease are relative to the previous value

Sales Retail and Wholesale salaries in Ghana are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% 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.

Sales Retail and Wholesale Hourly Average Wage in Ghana


32 GHS per hour

The average hourly wage (pay per hour) in Ghana is 32 GHS. This means that the average person in Ghana earns approximately 32 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.

Sales Retail and Wholesale VS Other Jobs

Salary Comparison Between Sales Retail and Wholesale and Sales Retail and Wholesale monthly Ghana
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The average salary for Sales Retail and Wholesale is 7% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Accra5,810 GHS
Kumasi6,090 GHS
2737 - 6

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