Compensation of employees (current LCU) in Ghana
Ghana: Compensation of employees (current LCU) was 50.81 billion current LCU in 2023. ◆ Volatile
Compensation of employees in Ghana, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Ghana recorded 50.81 billion current LCU for compensation of employees in 2023. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 28.8% on the previous year and up 436.0% over ten years.
Over the whole period, compensation of employees in Ghana peaked at 50.81 billion current LCU in 2023 and was at its lowest, 8.23 million current LCU, in 1990.
That places Ghana 83rd out of 156 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Ghana, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 8.23 million current LCU | — |
| 1991 | 10.56 million current LCU | +28.3% |
| 1992 | 17.11 million current LCU | +62.1% |
| 1993 | 22.76 million current LCU | +33.0% |
| 2001 | 255.14 million current LCU | +1021.0% |
| 2002 | 449.97 million current LCU | +76.4% |
| 2003 | 607.28 million current LCU | +35.0% |
| 2004 | 744.17 million current LCU | +22.5% |
| 2005 | 887.44 million current LCU | +19.3% |
| 2006 | 1.23 billion current LCU | +39.1% |
| 2007 | 1.55 billion current LCU | +25.7% |
| 2008 | 2.15 billion current LCU | +38.4% |
| 2009 | 2.64 billion current LCU | +22.7% |
| 2010 | 3.32 billion current LCU | +25.8% |
| 2011 | 4.86 billion current LCU | +46.4% |
| 2012 | 7.18 billion current LCU | +47.8% |
| 2013 | 9.48 billion current LCU | +32.1% |
| 2014 | 10.47 billion current LCU | +10.4% |
| 2015 | 12.11 billion current LCU | +15.7% |
| 2016 | 14.16 billion current LCU | +17.0% |
| 2017 | 16.78 billion current LCU | +18.4% |
| 2018 | 19.61 billion current LCU | +16.9% |
| 2019 | 22.22 billion current LCU | +13.3% |
| 2020 | 28.27 billion current LCU | +27.2% |
| 2021 | 31.66 billion current LCU | +12.0% |
| 2022 | 39.43 billion current LCU | +24.5% |
| 2023 | 50.81 billion current LCU | +28.8% |
Ghana compared with similar countries
- Ghana's 50.81 billion current LCU is below the median for lower middle income countries, which is 145.99 billion current LCU, 35% of the median. (36 countries reporting)
- Ghana's 50.81 billion current LCU is below the median for Sub-Saharan Africa, which is 317.20 billion current LCU, 16% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Ghana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +1021.0% | 22.76 million current LCU | 255.14 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.66 million current LCU | 8.23 million current LCU | 22.76 million current LCU | 4 |
| 2000s | 1.17 billion current LCU | 255.14 million current LCU | 2.64 billion current LCU | 9 |
| 2010s | 12.02 billion current LCU | 3.32 billion current LCU | 22.22 billion current LCU | 10 |
| 2020s | 37.54 billion current LCU | 28.27 billion current LCU | 50.81 billion current LCU | 4 |
Countries ranked near Ghana
More public sector data for Ghana
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 5.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.3195 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 37.5 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Ghana?
- Compensation of employees in Ghana was 50.81 billion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Ghana?
- The highest recorded value was 50.81 billion current LCU in 2023.
- What is the lowest compensation of employees recorded in Ghana?
- The lowest recorded value was 8.23 million current LCU in 1990.
- How does Ghana rank for compensation of employees?
- Ghana ranks 83rd out of 156 countries with data for 2023.
- Is compensation of employees rising or falling in Ghana?
- Over the last ten years it is up 436.0%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.