Financial Manager salary in Ghana
Gross annual earnings — 2024 · Africa · Source: ILO / Life Indexed estimate
Financial Manager salary in Ghana over time
Financial Manager salary — Africa comparison
How Ghana compares to other Africa countries
| Country | Average salary (2024) | vs Ghana |
|---|---|---|
| Ghana | GHS 247,500/yr | — |
| Tanzania | TZS 27,216,000/yr | local currency |
| Nigeria | NGN 19,575,000/yr | local currency |
| Kenya | KES 2,106,000/yr | local currency |
| Egypt | EGP 864,000/yr | local currency |
| South Africa | ZAR 507,600/yr | local currency |
| Ethiopia | ETB 504,000/yr | local currency |
| Morocco | MAD 229,500/yr | local currency |
Financial Manager salary worldwide
Frequently asked questions about Financial Manager salaries in Ghana
What is the average Financial Manager salary in Ghana in 2024?
The average financial manager salary in Ghana in 2024 is GHS 247,500 per year (GHS 20,625 per month, or GHS 4,760 per week). This figure represents gross annual earnings before income tax and social contributions. Source: ILO / Life Indexed estimate.
What is the salary range for a Financial Manager in Ghana?
Financial Managers in Ghana earn between GHS 160,900 and GHS 358,900 per year in 2024. The spread reflects differences in experience level, employer size, sector (public vs private), and geographic location within the country.
How much does a Financial Manager earn per month in Ghana?
A financial manager in Ghana earns approximately GHS 20,625 per month (gross) in 2024, based on an annual average of GHS 247,500. Monthly take-home pay will be lower after income tax and social security deductions, which vary by individual circumstances and applicable tax brackets in Ghana.
What is the entry-level Financial Manager salary in Ghana?
Entry-level financial managers in Ghana typically earn between GHS 160,900 and GHS 210,400 per year in 2024. Salaries at the junior level are generally 15–35% below the national average, increasing with professional certifications, years of experience, and specialisation.
Is the Financial Manager salary in Ghana increasing?
Yes. Based on available data, Financial Manager salaries in Ghana have grown by approximately 27% between 2022 and 2026, reflecting ongoing demand and wage growth trends.
Is GHS 247,500 a good salary for a Financial Manager in Ghana?
Whether GHS 247,500 per year is a good financial manager salary in Ghana depends on cost of living, location, and career stage. This figure represents the 2024 national average — earners above this level are in the upper half of the pay distribution for this occupation. Factors that influence individual compensation include employer type (multinational vs. local), city (capital cities typically pay 10–25% more), qualifications, and years of experience.
How does the Financial Manager salary in Ghana compare to other Africa countries?
Ghana's financial manager salary of GHS 247,500/yr (among comparable economies) is higher than 1 country and lower than 6 countries in the Africa region as of 2024. Differences across countries reflect purchasing power, labour market conditions, cost of living, and local demand for this role.