Having abundant natural resources and exporting agricultural products, Ghana continues to show growth. Despite being faced with the Covid-19 pandemic, the Alleviation and Revitalisation of Enterprises Support (CARES) program has helped to boost business confidence and household revenue. The country’s economic and agricultural transformation is paving the way for many developments, including HR outsourcing opportunities to attract the right talent to help develop Ghana.
At Africa HR Solutions, we have a team of specialists who are accessible to help any organisation looking for an employment outsourcing strategy when moving to Ghana. We are your Ghana HR outsourcing partner that manage all your HR scenarios, from Professional Employer Organisation (PEO), Employer of Record, payroll, and other ancillary services, even if you do not hold a legal entity in the country yet.
Population: 29.8 mn
Gross Domestic Product (GDP): $72.35 bn
GDP Growth: 6.3%
Foreign Direct Investment (% of GDP): 4.6%
Unemployment Rate: 6.7 %
Currency: Ghanaian cedi
Ghana experienced a recession for the first time in 38 years, faced with the spillover effects of the Covid-19 pandemic that affected the country’s second and third quarters of 2020. After the ending of lockdown, the economy and business perspectives improved, whereby some sectors such as agriculture, manufacturing, and tradable services recorded strong recoveries. To minimise the impact of the pandemic on households and businesses, Ghana leveraged the Coronavirus Alleviation Plan (CAP) and the medium-term COVID-19 Alleviation and Revitalisation of Enterprises Support (CARES) program.
Ghana is located between Cote d’Ivoire and Togo and borders the Gulf of Guinea
Ghana is rich in natural resources namely gold, timber, industrial diamonds, bauxite, manganese, fish, rubber, hydropower petroleum, silver, salt, and limestone
Ghana is the largest producer of gold in Africa and the 8th largest producer of gold in the world
The country’s major agricultural products are cocoa, shea nuts, rice, coffee, cassava, peanuts, corn, timber, and bananas
The ‘Kente’ cloth originates from Ghana
Lake Volta found in Ghana is the largest reservoir in the world
The national dish is ‘Fufu’ – a starchy side dish, accompanied by diverse stews and sauce-based recipes.
New Year’s Day
May Day (Workers’ Day)
African Union Day
Employees are entitled to vacation, sick and parental leaves. A written employment agreement is compulsory in Ghana, which has to outline all fundamental details related to the recruit. As regards to taxation, employers pay 13% of salaries to social security whereas employees contribute 5.5%. Basic health services are offered to all employees. As far as termination is concerned, workers who are employed on a weekly basis have seven days’ notice, those with an agreement of fewer than three years have two weeks’ notice and those with long-term contracts are entitled to one month’s notice. However, if an agreement has an “at-will” clause, then no notice is required.
Partnering with Africa HR Solutions will enable to focus more on your business strategy with peace of mind, while our in-country experts manage your employment outsourcing initiatives including devising a compensation package that attract the brightest talent.
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