Average Salary in Ghana 2024

Exploring Salary in Ghana: Unveiling Pay Scales, Wage Gaps, Increments, and Educational Impact. Delve into an in-depth analysis of Ghana's salary landscape as we unravel the intricacies of pay scales and wage gaps. Discover the significance of yearly increments, examining how salaries evolve over time based on education level and years of experience. Gain valuable insights into the factors influencing salary differentials in Ghana and empower yourself with knowledge on optimizing earning potential. Uncover the trends that shape the nation's workforce compensation, enhancing your understanding of salary dynamics in Ghana.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Ghana in 2024?

What is the average salary in Ghana in 2024?
230USD
(USD 2,800 yearly)
Low 110 USD
Average 230 USD
High 1,100 USD
The average salary in Ghana is typically USD 230 per month. However, salaries can vary greatly, ranging from USD 110 (lowest average) to USD 1,100 (highest average, actual maximum salary is higher). These figures include housing, transport, and other benefits. Different careers offer significantly diverse salary opportunities. If you wish to explore salaries for specific job titles, they are listed below.
In comparison with average salary in Ghana in 2023, salaries changed by +0.9% so far. Looking ahead, economists project a gradual recovery in the job market. We will be able to fully compare 2023 and 2024 at the year's end.

Pay Scale and Salaries in Ghana

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 1,100, 75% of the people earn USD 320 or less. 50% employees earn less USD 230 or less, 25% of the employees earn less than USD 170.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 1,100, 75% of the people earn USD 320 or less. 50% employees earn less USD 230 or less, 25% of the employees earn less than USD 170.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Ghana the minimum salary is USD 110.

Median Salary

Located in Ghana, the median salary is USD 190, signifying the middle point of all salaries in a dataset. This measurement offers a more equitable representation of income distribution and is widely used to gauge average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Ghana the salary ranges from USD 110 to USD 1,100.

Annual Salary Increments in Ghana

What is the average annual salary increment in the Ghana? How frequently do employees receive salary raises?

The year 2024 saw employees in Ghana receiving an average salary increment of 0.9%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.9%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, Ghana recorded an average salary increment of around 0.9% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.9%.

Historical Graph of Annual Salary Increments in Ghana

On an average, employees in Ghana have received a salary increase ranging from 0.9% to 7.7% per year in recent years. This translates to an average increment of 3.8% per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees in Ghana received in recent years salary increase from 0.9% to 7.7% on average per year. It means 3.8% increment per year on average.

Salary Forecast and Trends for the Future in Ghana

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 4.6%. Estimated range is between 2.6% and 7.1%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 4.6%. Estimated range is between 2.6% and 7.1%.

Gender Wage Gap in Ghana

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Actual wage gap in Ghana is 9.0%.Download chartGet chart linkShare on FacebookShare on Twitter
Actual wage gap in Ghana is 9.0%.
It's due to many factors, such as:
  • Sexism.
  • On average, women use 10% more paid vacation days per year compared to men.
  • Women are less likely than men to have a college degree.
  • In the context of caregiving responsibilities for children and elderly relatives, women are more prone than men to take them on.
  • When it comes to part-time employment, women outnumber men, and they tend to earn less than full-time workers.
  • Women are more likely to work in lower-paying occupations than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and receiving a bachelor's degree present a multitude of benefits. First and foremost, they significantly enhance career prospects, leading to higher earning potential and broader access to job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and obtaining a bachelor's degree brings immense benefits. Firstly, it paves the way for better career prospects, unlocking higher earning potential and enabling access to a wider array of job opportunities. Apart from financial advantages, pursuing a bachelor's degree nurtures personal growth, enhances critical thinking skills, and offers the opportunity to specialize in a specific field of interest. It also facilitates valuable networking avenues and the cultivation of a global outlook. Ultimately, the journey from high school to a bachelor's degree is a transformative adventure that leads to a more gratifying and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. illustrates a profound commitment to expanding human understanding and forging a transformative and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 16%-20% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of roughly 11%-15%. Expertise and leadership gain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 16%-20% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 11%-15%. Expertise and leadership garner higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 21%-25% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Ghana

What is the average hourly wage in the Ghana?

Average Hourly Wage
1USD
Low 1 USD
Average 1 USD
High 6 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Hourly wages can lead to irregular or fluctuating income, posing challenges for budgeting and expense planning.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks commonly associated with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disturb work-life balance and make it hard to maintain consistent routines.
  • Uncertain job security: Hourly positions have a higher risk of job insecurity compared to salaried positions because of their susceptibility to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Certain hourly positions may offer limited chances for career advancement, professional growth, or upward movement within the company.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Ghana

What are the best paying jobs in Ghana?

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Highest paying jobs Ghana?

  1. Surgeon (USD 1,000)
  2. Doctor (USD 900)
  3. Chief Executive Officer (CEO) (USD 860)
  4. Registered Nurse Anesthetist (USD 840)
  5. Dentist (USD 800)
  6. Airline Pilot (USD 780)
  7. Intellectual Property Lawyer (USD 750)
  8. Marketing Manager (USD 660)
  9. Marketing Director (USD 660)
  10. Sales Director (USD 620)
  11. Sales Manager (USD 620)
  12. Petroleum Engineer (USD 620)
  13. Brand Manager (USD 600)
  14. Marketer (USD 600)
  15. Judge (USD 600)
  16. Treasurer (USD 590)
  17. Controller (USD 590)
  18. Pharmacist (USD 570)
  19. Tax Lawyer (USD 570)
  20. Lawyer (USD 570)
List with worst paid jobs in GhanaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Ghana?

  1. Cashier (USD 110)
  2. Childcare Worker (USD 120)
  3. Stock clerk (USD 120)
  4. Elder Care Worker (USD 120)
  5. Receptionist (USD 120)
  6. Bartender (USD 130)
  7. Food and beverage server (USD 140)
  8. Janitor (USD 140)
  9. Waiter (USD 140)
  10. Tour Guide (USD 140)
  11. Customer Service Representative (USD 170)
  12. Hotel Concierge (USD 170)
  13. Rehabilitation Counselor (USD 170)
  14. Travel Agent (USD 180)
  15. Secretary (USD 190)
  16. Painter (USD 200)
  17. Carpenter (USD 200)
  18. Bus Driver (USD 210)
  19. Artist (USD 210)
  20. Truck Driver (USD 210)
List with best paid industries in GhanaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 640)
  2. Business and Management (USD 540)
  3. Marketing and Sales (USD 500)
  4. Engineering (USD 460)
  5. Law (USD 440)
  6. Accounting and Finance (USD 440)
  7. Computer and Information Technology (USD 430)
  8. Transportation and Logistics (USD 420)
  9. Science (USD 410)
  10. Education and Training (USD 340)
  11. Other (USD 260)
  12. Hospitality and Tourism (USD 210)
  13. Social Services (USD 180)
  14. Services (USD 160)