Compensation of employees (% of expense) in Ghana
Ghana: Compensation of employees (% of expense) was 28.3% in 2022. ▼ Falling
Compensation of employees in Ghana, 2001–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, compensation of employees in Ghana stood at 28.3%. That is the lowest value across all 22 years on record.
The figure is down 14.4% on the previous year and down 20.2% over ten years.
Over the whole period, compensation of employees in Ghana peaked at 46.0% in 2002 and was at its lowest, 28.3%, in 2022.
That places Ghana 66th out of 155 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Compensation of employees (% of expense) in Ghana, year by year
| Year | % of expense | Change |
|---|---|---|
| 2001 | 35.8% | — |
| 2002 | 46.0% | +28.4% |
| 2003 | 41.7% | -9.3% |
| 2004 | 39.7% | -4.8% |
| 2005 | 40.1% | +1.1% |
| 2006 | 42.3% | +5.3% |
| 2007 | 37.5% | -11.2% |
| 2008 | 34.6% | -7.7% |
| 2009 | 39.9% | +15.3% |
| 2010 | 35.7% | -10.6% |
| 2011 | 38.4% | +7.5% |
| 2012 | 35.4% | -7.7% |
| 2013 | 39.5% | +11.4% |
| 2014 | 36.2% | -8.3% |
| 2015 | 38.0% | +4.9% |
| 2016 | 35.3% | -7.2% |
| 2017 | 36.8% | +4.3% |
| 2018 | 36.1% | -1.8% |
| 2019 | 35.6% | -1.4% |
| 2020 | 33.0% | -7.4% |
| 2021 | 33.0% | +0.3% |
| 2022 | 28.3% | -14.4% |
Ghana compared with similar countries
- Ghana's 28.3% is below the median for lower middle income countries, which is 31.8%, 89% of the median. (36 countries reporting)
- Ghana's 28.3% is below the median for Sub-Saharan Africa, which is 36.9%, 77% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.7% | 34.6% | 46.0% | 9 |
| 2010s | 36.7% | 35.3% | 39.5% | 10 |
| 2020s | 31.4% | 28.3% | 33.0% | 3 |
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 28.3% in 2022, 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 46.0% in 2002.
- What is the lowest compensation of employees recorded in Ghana?
- The lowest recorded value was 28.3% in 2022.
- How does Ghana rank for compensation of employees?
- Ghana ranks 66th out of 155 countries with data for 2022.
- Is compensation of employees rising or falling in Ghana?
- Over the last ten years it is down 20.2%. The long-run trend across the full record is falling.
- 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 (% of expense). Statizoid updates them automatically from the source API.
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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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.