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If you are interested in hiring a remote team in Ghana, or even just individual remote employees in Ghana, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Ghana payroll solutions. As a Ghana payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Ghana. We are confident Rivermate’s payroll solutions Ghana will help you grow as a business—because now, you won’t have to worry about your payroll solutions Ghana. We take care of everything payroll!
With Rivermate, you can run Ghana payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
Once you've determined the best Ghana payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.
Employers contribute 13% of their wages to social security in Ghana, while employees contribute 5.5%. Companies must also pay corporate taxes at a 25% rate. Mining and upstream petroleum companies pay 35%, while the hotel industry pays only 22%. For personal income taxes, Ghana employs a Pay As You Earn (PAYE) system. Employers must deduct a flat fee of 20% from employees' pay to remain compliant.
Companies that wish to expand their operations globally have four different payroll options in Ghana. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Ghana. It includes devoting an entire Human Resources staff to running the company's payroll procedures.
2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.
Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.
3. Ghana payroll outsourcing: Outsourcing your payroll to an Employer of Record in Ghana, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!
Rivermate also provides payroll management services. Payroll management, which is frequently required by law as part of the payroll process backend, entails the keeping of supporting documents and records pertaining to payroll in Ghana.
Ghana's labor laws are primarily codified in the country's Labor Act No 651 of 2003, which consolidates and updates previous pieces of labor-specific legislation scattered throughout the country's Laws and Acts. It also includes provisions that support ratified International Labor Organization Conventions (ILO).
Companies that have a business presence in Ghana have different ways of managing payroll. However, most of the options you have for running payroll in Ghana are either expensive or require establishing a subsidiary in Ghana. The cheapest, most efficient, and most reliable payroll processing system in Ghana is by outsourcing payroll to Employers of Record (EOR) in Ghana. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Ghana. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Ghana. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Ghana.
The employee or the employer may end the employment contract at any time in Ghana. Termination notices must be in writing.
If an employee believes their termination was unjust, they may file a claim with the labor court and, in some situations, have their employment reinstated. Unfair terminations may occur for the following reasons: the employee intends to join a union; the employee is pregnant or absent due to maternity leave; the employee is terminated due to race or religion; the employee is disabled; and the employee is forced to terminate due to the employer's inaction following multiple harassment complaints.
In Ghana, the daily minimum wage is 11.82 GHS, or 319.14 GHS per month.
A typical workweek is 40 hours, or eight hours per day, for five days. Employees receive a 12-hour rest period spread over 24 or 48 hours in a week. Those under the age of 18 years may be employed only if a physician certifies them fit. They are not suitable for use in hazardous environments or underground mines. Evening work occurs between the hours of 10 p.m. and 7 a.m., and a pregnant woman is unable to work during those hours.
State and compulsory benefits include old-age pensions, death and long-term disability pensions, short-term sickness benefits, redundancy benefits, occupational accidents and diseases, maternity benefits, medical emergency benefits, and fair treatment and compensation.
Ghana has national health insurance that covers all citizens' basic health care needs.