Financial Manager salary in Ghana

Gross annual earnings — 2024 · Africa · Source: ILO / Life Indexed estimate

Average salary GHS 247,500 per year (2024)
Minimum GHS 160,900 per year
Maximum GHS 358,900 per year
Monthly (est.) GHS 20,625 per month
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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

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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.