Payroll in Ghana | HR & Payroll Experts | Stay Compliant | Novative (2023)

Ghana is located on the Gulf of Guinea. The country shares borders with the Ivory Coast to the west, with Togo to the east and with Burkina Faso to the north. The capital Accra charms by itsdynamism, its modernity and its contrasts. Ghana is a culturally rich and festive country.

The national economy is growing very fast. It is a country full of raw materials. Its economy is mainly based on agriculture, industry and services. The service sector has been growing strongly since the beginning of the 2010s.

Fun Fact:Ghana has the largest open-air market in West Africa. The Kejetia Market, located in Kumasi, has tens of thousands of stores and is very frequented throughout the year.

Are you planning to settle in Ghana? Do you need help with payroll or human resources management?Our Ghanaian payroll and HR expertswill ensure that you get a fast and accurate service in full compliance with Ghanaian laws.

Source:NHIA/NHIS

TheSocial Security and National Insurance Trust(SSNIT) is a statutory public institution in charge of the administration of Ghana’s Basic National Security Scheme. Its mandate is to cater for the first tier of the three-tier pension scheme.

The Trust was established in 1972 to administer the national social security scheme.

The Trust’s main responsibility is to replace part of lost income of workers in Ghana due to old age, invalidity or death of a member where dependents receive lump sum payment. It is also responsible for paying the emigration benefit to a non-Ghanaian member who is leaving Ghana permanently.

The pension scheme administered by SSNIT has over 1.6 million active members as of January 2021 and over 226,000 retirees who regularly receive their monthly SSNIT pension.

SSNIT’s primary functions are:

• Registration of employers and workers
• Collection of contributions
• Managing member records
• Investment of plan funds

Processing and paying benefits to eligible members and designated dependents.

Source:SSNIT

Of the 18.5%, the employer pays 13.5% to SSNIT within 14 days following the end of the month to the mandatory first tier basic social security scheme.

Of the 13.5% paid to SSNIT, 2.5% is sent to the NHIA for the member’s health insurance.

The remaining 5% is sent to the mandatory second-tier occupational scheme, which will be managed privately by administrators approved and licensed by the Board of NPRA.

Source:SSNIT

Ghana has aPay As You Earn systemregulated by theGhana Revenue Authority(GRA).

Pay As You Earn is a tax levied on an employee’s income and paid by the employer on behalf of the employee. The tax is levied on all income of an employed individual, whether received in cash or in kind. Monthly PAYE returns must be filed by the employer on behalf of the employee by the fifteenth day of the month following the month in which the deduction was made.

The monthly personal income tax (PAYE) amount is deducted at source by the employer using the monthly graduated individual tax rates.

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Ghana is located on the Gulf of Guinea. The country shares borders with the Ivory Coast to the west, with Togo to the east and with Burkina Faso to the north. The capital Accra charms by its dynamism, its modernity and its contrasts. Ghana is a culturally rich and festive country.

The national economy is growing very fast. It is a country full of raw materials. Its economy is mainly based on agriculture, industry and services. The service sector has been growing strongly since the beginning of the 2010s.

Fun Fact: Ghana has the largest open-air market in West Africa. The Kejetia Market, located in Kumasi, has tens of thousands of stores and is very frequented throughout the year.

Are you planning to settle in Ghana? Do you need help with payroll or human resources management? Our Ghanaian payroll and HR experts will ensure that you get a fast and accurate service in full compliance with Ghanaian laws.

Source: NHIA/NHIS

The Social Security and National Insurance Trust (SSNIT) is a statutory public institution in charge of the administration of Ghana’s Basic National Security Scheme. Its mandate is to cater for the first tier of the three-tier pension scheme.

The Trust was established in 1972 to administer the national social security scheme.

The Trust’s main responsibility is to replace part of lost income of workers in Ghana due to old age, invalidity or death of a member where dependents receive lump sum payment. It is also responsible for paying the emigration benefit to a non-Ghanaian member who is leaving Ghana permanently.

The pension scheme administered by SSNIT has over 1.6 million active members as of January 2021 and over 226,000 retirees who regularly receive their monthly SSNIT pension.

SSNIT’s primary functions are:

• Registration of employers and workers
• Collection of contributions
• Managing member records
• Investment of plan funds

Processing and paying benefits to eligible members and designated dependents.

Source: SSNIT

Source: NPRA

Of the 18.5%, the employer pays 13.5% to SSNIT within 14 days following the end of the month to the mandatory first tier basic social security scheme.

Of the 13.5% paid to SSNIT, 2.5% is sent to the NHIA for the member’s health insurance.

The remaining 5% is sent to the mandatory second-tier occupational scheme, which will be managed privately by administrators approved and licensed by the Board of NPRA.

Source: SSNIT

Our HR & Payroll Experts are Ready to Help

Our Payroll and HR services in Ghana

Of the 18.5%, the employer pays 13.5% to SSNIT within 14 days following the end of the month to the mandatory first tier basic social security scheme.

Of the 13.5% paid to SSNIT, 2.5% is sent to the NHIA for the member’s health insurance.

The remaining 5% is sent to the mandatory second-tier occupational scheme, which will be managed privately by administrators approved and licensed by the Board of NPRA.

Source: SSNIT

Ghana has a Pay As You Earn system regulated by the Ghana Revenue Authority (GRA).

Pay As You Earn is a tax levied on an employee’s income and paid by the employer on behalf of the employee. The tax is levied on all income of an employed individual, whether received in cash or in kind. Monthly PAYE returns must be filed by the employer on behalf of the employee by the fifteenth day of the month following the month in which the deduction was made.

The monthly personal income tax (PAYE) amount is deducted at source by the employer using the monthly graduated individual tax rates.

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