Expand your organization into Ghana, even if you don’t have a Ghanaian entity
Ghana has a rapidly growing economy and is increasingly influential in the continent of Africa. The economy is diverse, but some highlights are its gold, oil, and cocoa export industries. There are many opportunities for foreign businesses looking to invest in Ghana.
If your organization is planning a Ghana expansion, it is important to realize that progress can be slow and many administrative procedures are inefficient relative to more developed countries. These factors can lead to unexpected delays to any expansion effort.
At New Horizons, we provide a full range of outsourcing services to assist businesses with their Ghana expansion. Our employer of record, professional employer organization (PEO), and payroll services give you everything you need to build and expand your business in Ghana, even if you don’t have an in-country entity. Our in-house recruitment team can even find, recruit, and onboard your local workforce, as well as handling all ongoing HR administration.
New Horizons provides everything you need to expand into Ghana quickly and effectively while potentially saving you thousands in setup costs.
How can our Ghana PEO simplify your expansion?
New Horizons enables your business to expand its operations into Ghana, without needing to set up up a Ghanaian subsidiary.
Rapid Market Entry
New Horizons will enable you to source, hire, and onboard professionals across Ghana in as little as 48 hours.
Cost-Effective Expansion
Our PEO solution can help you benefit from cost savings of up to 85%, without the need to establish a Ghanaian entity.
Payroll Outsourcing
Simplified Ghana salary & payroll processing, including social security payments, tax, and any other required contributions.
Employee Onboarding
Utilize the relevant provision for all types of Ghanaian labor contracts, whether a fixed-term or open-ended contract.
Onsite Legal & HR Team
Full support for Ghana-specific contract renewals, terminations, annual leave management, HR, and strategic guidance.
Ensure Full Compliance
We ensure that employment contracts are fully compliant and adhere to Ghana labor laws and best practices.
Hiring in Ghana: Employment law overview
Employment contracts in Ghana
Employees in Ghana are legally entitled to a formal employment contract including all relevant details of employment such as salary and benefits. It should generally be written in the country’s official language of English and use the local currency of the Ghanaian cedi.
Working hours in Ghana
The normal working week in Ghana consists of five eight-hour days.
Public holidays in Ghana
Date | Description | 1 Jan | New Year’s Day |
|---|---|
7 Jan | Constitution Day |
6 Mar | Independence Day |
20 Mar | March Equinox |
10 Apr | Good Friday |
11 Apr | Holy Saturday |
12 Apr | Easter Sunday |
13 Apr | Easter Monday |
1 May | May Day |
10 May | Mothers’ Day |
24 May | Id ul Fitr |
25 May | Day off for Id ul Fitr |
20 Jun | June Solstice |
21 Jun | Fathers’ Day |
31 Jul | Eid al-Adha |
4 Aug | Founders’ Day |
21 Sep | Kwame Nkrumah Memorial Day |
22 Sep | September Equinox |
4 Dec | Farmer’s Day |
21 Dec | December Solstice |
24 Dec | Christmas Eve |
25 Dec | Christmas Day |
26 Dec | Boxing Day |
28 Dec | Boxing Day observed |
31 Dec | New Year’s Eve |
Ghana vacation leave
Employees in Ghana are generally entitled to 15 days of paid vacation leave per year.
Ghana sick leave
Sick leave is not legally mandated in Ghana, but employers may choose to offer it as part of their benefits packages.
Parental leave in Ghana
Female workers in Ghana can usually take 12 weeks of paid maternity leave. Male workers may soon be legally entitled to paternity leave under new legislation that is currently in discussion.
Terminations and severance in Ghana
Employees in Ghana who are on contracts lasting under three years are legally entitled to two weeks of notice prior to termination. Those on contracts of more than three years are entitled to one month of notice.
Some contracts include specific clauses waiving the need for notice of termination.
Tax in Ghana
Employers and employees in Ghana must contribute a percentage of salaries to the country’s social security scheme. Employers must pay 13% and employees must pay 5.5%.
Health coverage in Ghana
Ghana has a nationalized healthcare system, so employees are covered for their medical care. However, some employers may choose to provide private health insurance to their employees.
Ghana compensations & benefits
Compensation laws in Ghana
As of January 2020, the minimum wage in Ghana is 11.82 cedis per day.
Benefit management in Ghana
Establishing a Ghana benefits system for employees can be difficult. With a different language and a unique set of employment laws, building a comprehensive and compliant benefits system can take a long time and come at significant cost.
At New Horizons, we specialize in building and running Ghanaian employee benefits systems. We’ll handle everything, using our experience to ensure you are ready to commence your Ghana operation as quickly as possible.
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New Horizons will help you expand your business into Ghana faster
New Horizons’ Ghana employer of record, PEO, and payroll outsourcing services can give your business everything necessary to begin trading in Ghana quickly and compliantly. Our experienced team will ensure that you are set up and trading in Ghana in as little as 48 hours, and could save you more than 80% in expenditure, even if you haven’t established an entity in Ghana.
Our team can take care of your organization’s benefits, expenses, payroll, and compliance work in Ghana, as well as all ongoing HR administration. And as the only global PEO with an in-house recruitment team, New Horizons can also find and recruit your local employees, using our Ghanaian subsidiary as employer of record so you don’t have to establish an entity.
Contact us today to learn how our services can help you expand into Ghana more effectively.
