Setting up and managing payroll in Ghana
Ghana has a rapidly growing economy and is increasingly influential in the continent of Africa, making it an exciting place to do business and an attractive destination for foreign investment.
When expanding into Ghana, an important early step is likely to be hiring locally and establishing a payroll. However, these processes can be complex for foreign organizations to navigate. Language barriers, cultural differences, and unique sets of regulations can all add to the confusion.
A popular solution to this problem is to outsource your Ghanaian payroll setup and management to a specialist global PEO. At Horizons, we are experts in helping organizations expand into Ghana as smoothly as possible. We’ll handle your payroll setup and management, whether or not you have an established presence in the country already.
Why choose the Horizons payroll solution?
If you have an entity
Have you already set up a legal entity within Ghana? We can take all the complex payroll administration off your hands, helping you employ locally in accordance with local employment laws, managing HR, contracts, and any associated administration.
This service is well-suited to larger organizations and those who have already registered a presence in Ghana that could benefit from outsourced Ghana payroll and consultancy services.
If you don’t have an entity
If you don’t yet have a registered entity in Ghana, then we can provide a more comprehensive service option to get you up and running in the country. We can offer the use of our subsidiary in Ghana to act as employer of record for your hires so you don’t have to establish a legal entity yourself, saving you time.
Additionally, we will set up and run your Ghana payroll, handle any HR, compliance, and take care of all other associated work to ensure you can expand seamlessly into Ghana.
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Ghana payroll guide
What are the withholdings and tax regulations 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%.
Employee entitlements and terminations 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.
How to establish a Ghana payroll
Setting up a payroll in Ghana is a complex process, and you will need to deal with language, cultural, and procedural differences if you want to set it up yourself. You will need to first register an entity in Ghana, then register with the appropriate tax authorities, and so on.
These initial processes can take weeks or months to finish, which could significantly stall your expansion progress.
A simpler option is to outsource all of your Ghana payroll setup and management to Horizons. Our experts will handle everything for you, from setup to HR and compliance work. We also offer our Ghanaian subsidiary to act as employer of record for your in-country employees, so you can benefit from our outsourcing solutions even if you don’t have an entity in Ghana.
Manage payroll in Ghana
Whether it’s EOR service or just payroll management, Horizons’ employment experts can help you get started in 24h.