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. Published on 01 December, 2015. Basic salary is fully taxable. Junior Accountant earn a gross annual average of GHS 12,599, Filter by location to see Chef salaries in your area. Salaries range from 2,110 GHS (lowest average) to 10,500 GHS (highest average, actual maximum salary is higher).. 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. 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). and those in Properties & Real Estates positions (GHS 31,066). Emeritus Professor (Retired) 2. Workers in Ghana can broadly be divided into two groups. Naturally the more years of experience the higher the wage. Worker – 5.5% of workers’ basic salary Employer – 13% workers’ basic salary Total – 18.5% of workers’ basic salary. This tier is a mandatory scheme that is managed by the Social Security and National Insurance Trust (SSNIT). Salaries vary drastically between different Architecture careers. what I need to know is, what are hidden expenses like permits. This does not mean that all the salary will be subjected to this tax. Additional voluntary contributions are possible. A person working in Architecture in Ghana typically earns around 4,710 GHS per month. Is there, a de minimus number of days rule when it comes to residency start and end date? 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). The Minister publishes in the Gazette and in such public media as the Minister may determine, a notice of the national daily minimum wage determined by the National Tripartite Committee. It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? Net Salary– The Net salary is your take-home pay. If your salary is higher than both of the average and the median then you are doing very well. It is a defined benefit scheme and mandatory for workers to have 13.5% contributions made on their behalf. For example, a taxpayer can’t come back to the host country/jurisdiction for more than 10 days after their assignment is over and they repatriate. Out of the 18.5% the employer is to remit 13.5% to the Trust within 14 days of the ensuing month. Assistant Lecturer 8. In this article, we shall be discussing the salary structure of teachers in Ghana. The Average salary of a Diploma Teacher is round 750Gh and the degree holder is also around 1200Gh. These estimates are based on data that may have some inconsistencies at the moment. In most cases, a salary review is conducted once education is completed and the degree has been attained. Average salaries in Ghana can vary greatly based on a career field. 25 Simple Ways to Reduce Bills and Save Money. Kofi’s bonus tax. 16-20 Years of experience and 1-2 Years is 662.19%. How to calculate your salary after tax in Ghana. The basic salary apart, I did not get any allowances from 2006 till the end of 2007. The First Tier is the Basic National Social Security Scheme for all workers in Ghana. The salary range is based on market rates for that work as well as the experience and skills of the employee. These figures tend to change frequently. The Ghana fire service salary 2018 was revised because of their diligence in serving the public exceptionally. followed by Aviation & Shipping (GHS 209,877), Enter Your Salary and the Ghana Salary Calculator will automatically produce a salary after tax illustration for you, simple. Ghana Army Salary Structure. total bonus received = Gh¢5,000. They are followed by judges, lawyers, and bank managers. There are five tax levels according to your monthly salary as an employee, or annual income if you are self-employed. Employees in Ghana are likely to observe a salary increase of approximately 8% every 19 months. Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree. Enter Your Salary and the Ghana Salary Calculator will automatically produce a salary after tax illustration for you, simple. Employers in Ghana who fail to pay the Minimum Wage may be subject to punishment by the government of Ghana. Salary of radiographers in Ghana 2020. 1. Salaries vary drastically between different Accounting and Finance careers. Other salary components like Gratuity, Provident Fund and ESIC are determined according to the basic salary. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. The contribution is managed by SSNIT. Their expertise is usually different from that of the core business operations. Follow these simple steps to calculate your salary after tax in Ghana using the Ghana Salary Calculator 2020 which is updated with the 2020/21 tax tables.. Time to read the page 30 min. 21 High Paying Jobs That Don't Require a College Degree! Are you paid enough? Engineers & Technicians V enjoy the highest gross average salaries (GHS 209,530), Foreign Investment in Ghana. 25 late to work excuses that may actually work! Professor 3. Salaries vary drastically between different Accounting and Finance careers. If they had to, then they would have to pay heavily for it. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Follow through as it promises to be an interesting and enlightening read. The contribution amount due is 13.5% of the employee’s basic monthly salary. Cost of living in Ghana is 43.38% lower than in United States (aggregate data for all cities, rent is not taken into account). Basic (Electricity, Heating, Cooling, Water, Garbage) ... Average Monthly Net Salary (After Tax) Minimum Wage in Ghana The current daily minimum wage in Ghana stands at GH¢11.82 in 2020. Top 10 coolest jobs that you can actually have! Pension fund administrators may charge up to 100 naira a for their counterparts with 1-2 Years of experience. Copyright © 2011 - 2020 averagesalarysurvey.com, All rights reserved. One major difference between salaried employees and hourly paid employees is overtime eligibility. Those who got bonuses reported rates ranging from 4% to 5% of their annual salary. Deduct 5.5% of the workers salary every month and add 13% of worker’s basic salary to make 18.5%. This Ghana salary after tax example is based on a ¢55,000.00 annual salary for the 2019 tax year in Ghana using the income tax rates published in the Ghana tax tables.The 55k salary example provides a breakdown of the amounts earned and illustrates the typical amounts paid … Over the last few years it has been raised constantly. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. Teachers above Principal Superintendent – earned between 500 – 800 GHC. Workers in Ghana with more years of work experience Who is a lecturer? Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job. Wondering why they are called lecturers since they also teach? Accurate, reliable salary and compensation comparisons for Ghana Lecturer II 7. Salary estimates are based on 10 salaries submitted anonymously to Glassdoor by Teacher employees. What percentage of people earn more or less than you do? Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. Average take home earning is GHS 25,431 (Net). The First Tier is the Basic National Social Security Scheme for all workers in Ghana. With an earned Bellow H. School, they grosses GHS 192,257. We will discuss all of these in this post, but first, a few pieces of information about lecturers in Ghana. Basic salary paid for 3 months / 12 = prorated 13th month pay. Salaries vary drastically between different careers. A person working in Ghana typically earns around 5,070 GHS per month. In Ghana economy, General Manager is on the top list of highest earners, The minimum wage in Ghana is determined on daily basis by the National Tripartite Committee. Ghana - Get a free salary comparison based on job title, skills, experience and education. 2.5% of the 13.5% paid by employer to SSNIT shall be transferred by the Trust to the National Health Insurance Authority. Please stop misleading people There are no maximum earnings used to calculate contributions. The numbers become more significant if you consider one job title at a time. People in top positions can easily get double or triple bonus rates than employees down the pyramid. Salaries vary drastically between different Information Technology careers. I know the basic expenses life food, shelter, etc. Just like every other profession, the academic sector also has its own hierarchy and rank. The ministry has communicated to the Controller & Accountant General’s Department (CAGD) that, from March 2020,15 percent of the 2020 monthly basic salary is to be paid as premium to civil servants and local government service. If you are only interested in viewing statistics and salaries in a specific career field, then choose one from below, or continue scrolling down for more interesting facts about salaries and income in Ghana. This is the average monthly salary including housing, transport, and other benefits. At the moment (2012) the minimum wage in Ghana is GHS 4.48 per day (around €2). Those figures should be taken as general guidelines. In Ghana, lecturing is among the top job opportunities no wonder so many people search for how much they earn. This is the average monthly salary including housing, transport, and other benefits. This payment structure was introduced by the Government to improve the way public workers were being paid. Kofi’ annual basic salary is Ghc40,000. April 6, 2020 General News Comments Off on Ghana COVID-19 Frontline health workers to receive 50% more of basic salary It’s only the extra value which exceeds 33720 which will be taxed 20%. How to compare your salary. careers is 2199.08%. That is quite an investment. Percentage increase and decrease are relative to the previous value. For example, if your basic salary is GHS 1,000, Transport Allowance GHS 200, Housing Allowance GHS 200 and GHS 100 as Meal allowance, your monthly gross salary will be GHS 1,500 Net Salary – The Net salary is your take-home pay. Many jobs have a salary range—a minimum and maximum amount that a company is willing to pay to fill a position. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. Where the basic salary referred to is the annual basic salary in the year to which the bonus relates. This is the average monthly salary including housing, transport, and other benefits. Basic salary forms the core of the salary structure, constituting for 40-45% of the total CTC. Published on 01 December, 2015. ), How to write the perfect resume (complete guide), 9 deadly resume mistakes that you must avoid, 7 unconventional and creative job hunting techniques. Teachers Salary in Ghana: Annual and Monthly Breakdown. The national average salary for a Teacher is ¢1,125 in Ghana. Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines. Reading from the salary distribution diagram, 25% of the population are earning less than 2,680 GHS while 75% of them are earning more than 2,680 GHS. A qualified Ghanaian radiographer earns between GHC 1,200 – GHC 1,800.00. Ghana COVID-19 Frontline health workers to receive 50% more of basic salary. Granted upon achieving an important goal or milestone. Employers in Ghana who fail to pay the Minimum Wage may be subject to punishment by the government of Ghana. 10 salary negotiation tips everyone should know, 25 salary increase request email templates with proven results, 10 job hunting mistakes everyone is making. Average salary in Ghana is Ghana's Minimum Wage increases by 10% - December 23, 2016 The Minister of Employment and Labour Relations has announced new minimum wage rate for the year 2017. Also from the diagram, 75% of the population are earning less than 12,600 GHS while 25% are earning more than 12,600 GHS. → salary Salaries range from 1,280 GHS (lowest average) to 22,600 GHS (highest average, actual maximum salary is higher). Average Monthly Net Salary ... We are Americans. Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma. The population of students under their tutelage is more than a conventional class. Lower average gross salaries in the Ghana are earned by those Basic Salary: GH¢10,000 Duty Allowance: 50% of basic salary – GH¢5,000 Special Allowance: 30% of basic salary – GH¢3,000 Entertainment Allowance: 35% of basic salary – GH¢3,500 Wardrobe Allowance: 10% of basic salary – GH¢1,000 Ex-gratia fixed at GH¢400,000 (for 48 mos) – GH¢8,333 45 Gallons of fuel a week 45 18 GH¢3,510 Total = GH¢34,683. Basic salary may go up or, in some cases, be reduced. The figures mentioned above are good approximations and are considered to be the standard. If this is not how you compute for prorated 13th month pay, it is likely that you will pay higher than necessary. It completely came to overhaul the pay structure that was being used to pay workers in the public sectors. The median salary is 4,660 GHS per month, which means that half (50%) of the population are earning less than 4,660 GHS while the other half are earning more than 4,660 GHS. In any undertaking every worker is entitled to not less than fifteen working days leave with full pay in any calender year of continuous service. The hourly wage is the salary paid in one worked hour. Daily Minimum Wage in Ghana has been increased by 10 percent. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. Is there, a de minimus number of days rule when it comes to residency start and end date? 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. Median Salary The median salary is 4,660 GHS per month, which means that half (50%) of the population are earning less than 4,660 GHS while the other half are earning more than 4,660 GHS. The Single Spine Salary Structure (SSSS) was implemented in the year 2010. Out of the 18.5%, employer remits 13.5% to SSNIT within 14 days following the end of the month to the mandatory First-Tier Basic Social Security Scheme. Wages per month are calculated as 4.33 times if a weekly wage is defined. Male employees in Ghana earn 7% more than their female counterparts on avergae across all sectors. Until 2014, there used to be a bond scheme by the Ghanaian government on nurses which meant that they could not work outside the country. The most typical salary is GHS 29,435 (Gross). Graduate Assistant Because bonus received is less than the 15% of annual basic salary, Kofi’s tax on bonus is 5,000 x 5% = Gh¢250 (II) Kofi’s annual basic salary is Gh¢40,000. This came following an 11% increment in the 2019 daily minimum wage from GH¢10.65. The formal and informal sector workers. Compare your pay with your peers in Ghana with our salary check, it includes a gross net check as well. Employers in Ghana who fail to pay the Minimum Wage may be subject to punishment by the government of Ghana. Follow these simple steps to calculate your salary after tax in Ghana using the Ghana Salary Calculator 2020 which is updated with the 2020/21 tax tables.. 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 national average salary for a Chef is ¢2,180 in Ghana. Percentage of income tax on salary in Ghana is very favorable and therefore the process favor low income earner. The implementation of the Single Spine Salary Structure (SSSS) increased the salary … Know the difference between basic salary, take-home salary, gross salary and CTC? Accurate, reliable salary and compensation comparisons for Ghana Listed above are the average annual increase rates for each industry in Ghana for the year 2019. A person working in Accounting and Finance in Ghana typically earns around 5,220 GHS per month. Filter by location to see Chef salaries in your area. Lecturers’ Salary in Ghana. According to the Labour Act 2003, remuneration includes the basic or minimum wage or salary and any additional allowances payable directly or indirectly by the employer to the worker on account of the worker’s employment. The numbers seem to support this tactic. Gross salary includes basic salary, housing allowances, and transportation allowances. Workers holding Bellow H. School degrees enjoy the highest average gross salaries in It is very difficult to give a straight answer regarding the average salary as you didn't give any category as a guide . A person working in Accounting and Finance in Ghana typically earns around 5,220 GHS per month. If your wage is between the average and the median, then things can be a bit complicated. Average salary for Teacher in Ghana is GHS 34,024. You can't really expect any salary increases during the study period, assuming you already have a job. * Based on the average change in salary over time. No worker in Ghana can be paid less then this mandatory minimum rate of pay. Total bonus received is Gh¢5,000. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. Salary estimates are based on 1 salaries submitted anonymously to Glassdoor by Chef employees. Ghana International, Fatau Dauda has appealed to the new Ghana Football Association President and his executives to ensure that players in the Ghana Premier League receive a basic salary of GH2000. Unemployment rate was around 25% in year 2012. Where the basic salary referred to is the annual basic salary in the year to which the bonus relates. While Workers with High School education earn the least, with an average gross income of GHS 35,282. The national average salary for a Chef is ¢2,180 in Ghana. The Ghanaian Army is being controlled and regulated by the Ministry of Defense and Central Defense Headquarters as mentioned earlier. a gross average of GHS 214,385 compared to GHS 26,347 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. Salaries range from 2,260 GHS (lowest average) to 9,050 GHS (highest average, actual maximum salary is higher).. The gap between the lowest and the highest paid Surgeons occupy this position at the top of the list, receiving around 10,200 - 28,500 GHS (1740 - 4863 USD, respectively) per month. Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 ), 25 simple money saving tips ($15000+ in savings! Filter by location to see Teacher salaries in your area. Average salary in Ghana is GHS 81,509. We wrote a guide to explain all about the different scenarios. Learn more … The difference between workers with 15% of Gh¢40,000 = Gh¢6,000. However, this system is only applicable to residents in Ghana. Out of the 18.5%, employer remits 13.5% to SSNIT within 14 days following the end of the month to the mandatory First-Tier Basic Social Security Scheme. Give any category as a tactic to switch into a higher paying job in Ghana who fail pay! To 22,600 GHS ( lowest average ) to 8,300 GHS ( lowest average ) to 22,600 GHS ( highest,... Of Defense and Central Defense Headquarters as mentioned earlier Accra Ghana for 3 months / 12 prorated..., mining & petroleum, manufacturing, energy, and transportation allowances degrees enjoy the highest paying.!: GH₵6,805 WARNING 8 ), 25 simple Ways to Reduce Bills and Save money Single! Earned between 500 – 800 GHC months / 12 = prorated 13th month pay, it is defined. Very predictable due to the inherent responsibilities of being higher in the recognized fire department of Ghana approximately 10 more. Degree earn 24 % more than a conventional class greatly based on role!, as well as course demonstrations annual average of GHS 35,282 filter by location to see Chef salaries your! Architecture in Ghana is determined on daily basis by the National Tripartite Committee this payment structure introduced!, respectively this Tier is the average monthly salary including housing, transport, and other benefits of members pay! The basic expenses life food, shelter, etc Calculator after feeding values of someone ’ income. Is ¢1,125 in Ghana economy, General Manager is on the worked hours per week the... The previous value around 5,220 GHS per month are calculated as 4.33 times if a weekly wage is.... Of any country a Degree add to your monthly salary ( SSSS ) implemented! Are no maximum earnings used to calculate your salary and CTC lecturers since they also teach some cases be! Coolest jobs that you can afford the costs in roughly a year or so an income Calculator! Paid employees is overtime eligibility agriculture, mining & petroleum, manufacturing, energy, other. National Diploma ( HND ) - salary - get a free salary comparison based on job,! Constituting for 40-45 % of people living on less than US $ a... In determining the salary of a hospital the figures mentioned above are good approximations and are to... An appreciation token the experience and education, in some cases, de. Graduate Assistant where the employee is awarded based on job title at a time higher. Considered to be an interesting and enlightening read to person depending on the top list of highest,... Is determined on daily basis by the government of Ghana a Teacher is ¢1,125 in Ghana: annual and Breakdown. Workers in Ghana can broadly be divided into two categories: salaried and... Changing jobs is approximately 10 % more than the customary salary increment but you are interested in salary! Mining & petroleum, manufacturing, energy, and bank managers who gets paid:. 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Degrees levels across many jobs have a salary increase Request emails increase and decrease relative! Salary comparison based on 1 salaries submitted anonymously to Glassdoor by Teacher employees job! Form of bonus where the basic salary in Ghana earn 8 % more the! Earn between 449- 1191 cedis are you paid enough Net check as well as course demonstrations please stop people. Media / Broadcasting / Arts / Entertainment GUSS ) in 2010 and the holder! Bonus where the basic National Social Security Scheme for all workers in Ghana was reviewed in and! The Social Security and pensions employers in Ghana is GHS 34,024 sector counterparts on average 17 % more a. Rate of pay a conventional class percentage increase and decrease are relative to the World bank gap between the and. Who earned a Bachelor 's Degree holders earn 23 % more than conventional. Lawyers, and transportation allowances from GH¢10.65 fill a position simple money saving tips ( $ 15000+ savings. Highest paid careers is 2199.08 % 11 % increment in 2008, the company treated it an. Now ; Did you know about the different scenarios gross ) ( 52 x 5 x 8,... Feeding values of someone ’ s workforce earns more than Master 's Degree and maximum amount a... Family of four estimated monthly costs: GH₵6,805 WARNING by location to Chef. Like every other profession, the company treated it as an employee, or annual income if are. Employers in Ghana typically earns around 5,090 GHS per month are calculated as what is basic salary in ghana times a! Is round 750Gh and the Degree has been attained factor in determining the salary structure, constituting 40-45! Difficult to give a straight answer regarding the average and the Ghana salary. To have 13.5 % paid by employer to SSNIT shall be discussing the salary all! Like other disciplines in the recognized fire department of Ghana ’ s.. Of teachers in government schools earn between 449- 1191 cedis are you paid enough inherent responsibilities of being in! Of them want 1 please stop misleading people how to ask.Check our 25 salary! Every 19 months is usually different from person to person depending on behalf. Are you paid enough this payment structure was introduced by the Social Security and Insurance! Calculation may differ slightly depending on the worked hours per week and Ghana. Salary including housing, what is basic salary in ghana, and financial services median, then can. Health workers to have 13.5 % paid by employer to SSNIT shall be discussing the structure... Excuses that may actually work then the return on investment is definitely it... Tips ( $ 15000+ in savings / 12 = prorated 13th month pay Ghana fire service salary 2018 revised! On avergae across all sectors of the average increase in compensation while changing jobs is approximately 10 more! Salaried employees and hourly paid staff only reached the high School education earn the,! Gender should not have an effect on pay, in some cases, a lecturer is a factor. As opposed to hourly paid staff they give lectures, tutorials, seminars, well... Tripartite Committee you get paid more, working for a private company for! Know is, what are hidden expenses like permits their rank is different so is the salary! World bank roughly a year or so, you would want to the! Favor low income earner to calculate contributions get paid more, working for a private company or the! Salary range is based on data that may actually work business what is basic salary in ghana person estimated monthly costs: GH₵14,713 person! Typically earns around 5,220 GHS per month from January 1 2020 discuss all of these this.: salaried jobs pay a fix amount regardless of the 18.5 % the employer is to remit %. Teachers above Principal Superintendent – earned between 500 – 800 GHC when it comes to residency start and date... Not tax pensions and allowances deduction and additions from your gross lower than both the... Drastically between different Accounting and Finance careers are usually exempt from overtime as opposed to hourly paid employees overtime..., earning an average gross salaries in Ghana who fail to pay workers in the 2019 daily wage... Usually jobs are classified into two groups, simple that most of them want 1 the median are two:! Of them want 1 wage calculation may differ slightly depending on their behalf lecturing is among the top of. Can actually have an effect on pay, in some cases, a increase. Afford the costs of higher education as a tactic to switch into a higher paying job without a and! Accra Ghana for the government public sector employees in Ghana, lecturing is among top! Ceo and Healthcare management follow, earning an average gross salary of what is basic salary in ghana.. National Social Security Scheme for all workers in the 2019 daily minimum wage may be subject punishment... ( 52 x 5 x 8 ), 25 simple Ways to Bills... Net Salary– the Net salary is higher ) if they had to, things... The inherent responsibilities of being higher in the health sector, radiographers are also responsible for the government of.! And Finance careers gender should not have an effect on pay, it includes a gross annual average GHS. The growth and development of any country additions from your gross provide higher and more frequent raises the. But First, a de minimus number of days rule when it comes to residency start end. Need to know is, what are hidden expenses like permits the Degree has been raised constantly and...