Monthly minimum wage (Local currency), annual growth rate in Ghana
Ghana: Monthly minimum wage (Local currency), annual growth rate was 21.97 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage (Local currency), annual growth rate in Ghana, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ghana recorded 21.97 % change on previous year for monthly minimum wage (local currency), annual growth rate in 2024.
That represents a change of up 122.1% on the previous year and up 114.1% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in Ghana peaked at 45 % change on previous year in 1999 and was at its lowest, 0 % change on previous year, in 1998.
That places Ghana 20th out of 168 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage (Local currency), annual growth rate in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 41.67 % change on previous year | — |
| 1997 | 17.65 % change on previous year | -57.6% |
| 1998 | 0 % change on previous year | -100.0% |
| 1999 | 45 % change on previous year | — |
| 2000 | 44.83 % change on previous year | -0.4% |
| 2001 | 30.95 % change on previous year | -31.0% |
| 2002 | 30 % change on previous year | -3.1% |
| 2003 | 28.67 % change on previous year | -4.4% |
| 2004 | 21.74 % change on previous year | -24.2% |
| 2005 | 20.37 % change on previous year | -6.3% |
| 2006 | 18.68 % change on previous year | -8.3% |
| 2007 | 18.75 % change on previous year | +0.4% |
| 2008 | 18.42 % change on previous year | -1.8% |
| 2009 | 17.78 % change on previous year | -3.5% |
| 2010 | 17.36 % change on previous year | -2.4% |
| 2011 | 19.94 % change on previous year | +14.8% |
| 2012 | 20.11 % change on previous year | +0.9% |
| 2013 | 16.96 % change on previous year | -15.6% |
| 2014 | 10.26 % change on previous year | -39.5% |
| 2015 | 16.67 % change on previous year | +62.4% |
| 2016 | 14.29 % change on previous year | -14.3% |
| 2017 | 10 % change on previous year | -30.0% |
| 2018 | 10 % change on previous year | +0.0% |
| 2019 | 10.02 % change on previous year | +0.2% |
| 2020 | 10.99 % change on previous year | +9.6% |
| 2021 | 6.01 % change on previous year | -45.3% |
| 2022 | 7.98 % change on previous year | +32.9% |
| 2023 | 9.89 % change on previous year | +24.0% |
| 2024 | 21.97 % change on previous year | +122.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.08 % change on previous year | 0 % change on previous year | 45 % change on previous year | 4 |
| 2000s | 25.02 % change on previous year | 17.78 % change on previous year | 44.83 % change on previous year | 10 |
| 2010s | 14.56 % change on previous year | 10 % change on previous year | 20.11 % change on previous year | 10 |
| 2020s | 11.37 % change on previous year | 6.01 % change on previous year | 21.97 % change on previous year | 5 |
Countries ranked near Ghana
- 17 Albania 25 % change on previous year compare
- 18 Botswana 23.34 % change on previous year compare
- 19 Paraguay 22.23 % change on previous year compare
- 21 Chile 21.95 % change on previous year compare
- 22 Kazakhstan 21.43 % change on previous year compare
- 23 Palau 21.29 % change on previous year compare
More work & labour data for Ghana
- Population - Est. & Proj. — Total Population - Both sexes, annual 0.1512 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth 0.1464 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth 0.1562 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -0.2734 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 1.99 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 37,518 1000 No (2050)
- Population - Est. & Proj. — Rural population 13,752 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 34,429 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 33,119 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 67,548 1000 No (2100)
Frequently asked questions
- What is monthly minimum wage (local currency), annual growth rate in Ghana?
- Monthly minimum wage (local currency), annual growth rate in Ghana was 21.97 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in Ghana?
- The highest recorded value was 45 % change on previous year in 1999.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Ghana?
- The lowest recorded value was 0 % change on previous year in 1998.
- How does Ghana rank for monthly minimum wage (local currency), annual growth rate?
- Ghana ranks 20th out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in Ghana?
- Over the last ten years it is up 114.1%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Monthly minimum wage International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.