Ghana: Data suggest that the economy is on a strong rebound
The World Bank says that Ghana had a modest growth of 1.1% in 2020. Ghana’s economy showed early signs of recovery in the second half of 2020 as business sentiments improved with the ending of lockdowns. Year-on-year performance in the agriculture, manufacturing and tradable services sectors saw strong recoveries in the third quarter of 2020. Based on Crédit Agricole Group analysis, the attractive business environment is favorable to FDIs and Ghana benefits from international financial support. Access to the Ghanaian market is based on a partnership approach with Ghanaian businesses. Ghana is a “niche” market open to SMEs. There are numerous opportunities but they require active supervision. Ghana was ranking #118 in the World Bank’s 2020 Ease of Doing Business index (Sources: Fitch Solutions, World Bank, Crédit Agricole Group).
A trusted professional employment organization with in-depth knowledge of the Ghanaian market, XML International provides you with end-to-end personalised solutions to recruit and manage remote team members for your activities in Accra or any other city in Ghana, regardless of the size of your organisation or your industry.
Employees will be employed pursuant to local labour laws, and all required social security and taxation will be paid to the local authorities.
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Ghanian Cedi GHS
The minimum wage in Ghana is 11.82 GHS per day.
Working hours in Ghana are 8 hours a day, and 40 hours a week.
Annual leave in Ghana is no less then 15 working days leave with full pay in any calendar year of continuous service.
Workers have the right to be absent from work due to sickness certified by a medical practitioner.
Mothers are entitled to 12 weeks maternity leave. The employee is entitled to full pay. The period of maternity leave may be extended for at least two additional weeks where the confinement is abnormal or where in the course of the same confinement two or more babies are born.
There are no provisions for paternity leave in the law.
A contract of employment may be terminated at anytime by either party giving to the other party:
a) in the case of a contract of 3 years or more, 1 month’s notice or one month pay in lieu of notice; b)notice or 2 weeks pay in lieu of notice or
c) in the case of contract from week to week, 7 days’ notice.
The maximum duration of the probation period is not outlined in the law.
The standard VAT rate is 12.5%.
If you want to benefit from XML employment expertise in Ghana, we invite you to fill the form below and we’ll get back to you shortly.
XML International, one of the best workforce solutions and employer of record services providers for Ghana, supports the set-up and the management of your international workforce for all your activities in Ghana. Our invaluable input consists of streamlining and handling for you the complete employment lifecycle of your teams. We give you all the keys to handle you staff in Accra or any city in Ghana. XML’s knowledge of Ghanian labour laws, tax and social security system, and employment regulations allows you to tackle the challenges of local compliance in Ghana, navigate all the local complexities and avoid pitfalls.
Among our top priorities, compliance with Ghana employment regulations and labour laws is number one. In addition to talent acquisition, recruitment services, and workforce management, we also ensure that our clients’ workforce management in Ghana is aligned with Ghana tax and social security rules and the latest immigration processes, including visas and work permits.
Here is the list of our core services supporting your activities in Finland.
Take advantage of the targeted outsourcing solutions proposed by XML International for your expansion into Ghana or for your employees already based there. We offer a comprehensive series of bespoke and scalable outsourcing solutions specially designed for the Ghanian market.
They range from professional employer organization employment (PEO), employer of record, and contingent workforce employment services, to help you grow effortlessly and successfully in Finland without any complications. We can also help you source, recruit, and onboard new team members locally, even if you don’t have an office in Ghana.
XML provides you with everything you need to start doing business in Ghana or to optimize your business if you are already operating there, leading to significant bottom-line savings and getting your business activities up and running in just days. Get in touch with the XML team to learn how we can boost your activities in Ghana in a cost-effective way.
Get started now and make the most of business in Ghana today!
XML has expertise and resources to meet your organization’s workforce needs wherever, and in whichever field these might be.