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 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.
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?
Horizons enables your business to expand its operations into Ghana, without needing to set up up a Ghanaian subsidiary.
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
New Year’s Day
Id ul Fitr
Day off for Id ul Fitr
Kwame Nkrumah Memorial Day
Boxing Day observed
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 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.