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About Ghana

Page Last Updated: 28/05/2024

Ghana, located on the west coast of Africa, is celebrated for its rich cultural heritage, political stability, and rapidly growing economy. As a leading producer of cocoa and gold, Ghana offers diverse opportunities for businesses looking to expand in the region. Africa HR Solutions assists companies in entering the Ghanaian market without the need to set up a local entity. We provide seamless employee onboarding and ensure compliant, timely payroll management, enabling businesses to focus on growth while we handle the complexities of HR administration. 

Population: 33.74 M


Gross Domestic Product (GDP): $75.24 B
GDP Growth: 2.8%
Inflation: 22.3%
Foreign Direct Investment (% of GDP): 2.05%
Unemployment Rate: 3.52%
Capital: Accra
Currency: Ghanaian cedi (GHS)
Languages: English

Ghana Payroll at a Glance

Currency

Ghanaian cedi (GHS)

Income Tax

0% – 30%

Employer Taxes

13.5%

Employee Contribution

3.6%

Fiscal Year

1 January – 31 December

Date Format

dd/mm/yyyy – yyyy/mm/dd – m/d/yyyy

  • Tourism is a growing sector in Ghana, with attractions including historic slave trade sites, national parks, beaches, and cultural festivals.
  • Ghana’s economy is diverse, with key sectors including agriculture, mining, oil, and manufacturing. It is the second-largest producer of cocoa in the world and a significant producer of gold.
  • Ghana is home to several important historical sites related to the transatlantic slave trade, including the Cape Coast Castle and Elmina Castle, both UNESCO World Heritage Sites.
  • Highlife and hiplife are popular music genres in Ghana, and traditional dances like Adowa and Kpanlogo are integral to Ghanaian culture.
  • Ghanaian cuisine includes dishes such as jollof rice, fufu, banku, and kente. Common ingredients include plantains, cassava, yams, and various types of seafood.
  • New Year’s Day
  • Independence Day
  • Good Friday
  • Easter Monday
  • May Day (Workers’ Day)
  • African Union Day
  • Republic Day
  • Eid Ul-Fitr
  • Founder’s Day
  • Eid Ul-Adha
  • Farmer’s Day
  • Christmas Day
Interesting-Facts

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