Average Buyer Salary in Ghana for 2024

In this article, we will look at the average Buyer salary for 2024 in Ghana and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Ghanaian cedi. To keep things simple, we are using the GHS currency code instead of the currency symbol โ‚ต.

How Much Does a Buyer Make in Ghana?

A Buyer working in Ghana will typically earn around 78,420 GHS per year, and this can range from the lowest average salary of about 41,900 GHS to the highest average salary of 116,380 GHS.

Average Annual Salary
78,420 GHS
Average Monthly Salary
6,535 GHS

Lowest Annual Salary
41,900 GHS
Lowest Monthly Salary
3,491 GHS

Highest Annual Salary
116,380 GHS
Highest Monthly Salary
9,698 GHS

These are average salaries for a Buyer in Ghana and include benefits such as housing and transport. It's also possible for a Buyer to earn more or less than the average salaries shown above.

Buyer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Buyer Salaries in Ghana

So we've looked at the average salaries a Buyer will earn in Ghana. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Buyer can earn between 41,900 GHS and 116,380 GHS on average in Ghana. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Buyer in Ghana is 70,840 GHS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 70,840 GHS, and 50% of the population earn more than 70,840 GHS.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Buyer salary in Ghana, 25% of the population are earning less than 50,980 GHS while 75% of the population earn more than 50,980 GHS.

75% of the population earn less than 88,020 GHS, and 25% of the population earn more than 88,020 GHS.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Buyer Salary by Experience Level in Ghana

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average buyer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Buyer in Ghana that has less than two years of experience can expect to earn somewhere in the region of 48,200 GHS.
  • 2 - 5 Years Experience. With two to five years of experience the average Buyer salary would increase to 59,380 GHS.
  • 5 - 10 Years Experience. From five to ten years of experience as a Buyer, the average salary would be 81,880 GHS.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 96,160 GHS.
  • 15 - 20 Years Experience. A Buyer with 15 to 20 years of experience can earn an average of 104,440 GHS.
  • 20+ Years Experience. For a Buyer with more than 20 years, the expected average salary increases to 111,860 GHS.

Average Salary by Experience Chart

0-2 Years
48,200 GHS
2-5 Years +23%
59,380 GHS
5-10 Years +42%
81,880 GHS
10-15 Years +17%
96,160 GHS
15-20 Years +10%
104,440 GHS
20+ Years +6%
111,860 GHS

Buyer Salary by Education Level in Ghana

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Buyer in Ghana based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Buyer in Ghana with a high school education can earn an average salary of 56,460 GHS.

  • Certificate or Diploma. A Buyer in Ghana with a certificate or diploma education can earn an average salary of 66,020 GHS.

  • Bachelor's Degree. A Buyer in Ghana with a bachelor's degree education can earn an average salary of 82,520 GHS.

  • Master's Degree. A Buyer in Ghana with a master's degree education can earn an average salary of 111,860 GHS.

Average Salary by Education Chart

High School
56,460 GHS
Certificate or Diploma +13%
66,020 GHS
Bachelor's Degree +31%
82,520 GHS
Master's Degree +32%
111,860 GHS

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Ghana is around 25,300 to 76,000 GHS and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Buyer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Ghana, a male buyer will earn an average of 78,120 GHS, while a female buyer will earn around 72,380 GHS.

This means that a male buyer earns approximately 8% more than a female buyer for performing the same job.

Average Salary by Gender Chart in Ghana

Male
78,120 GHS
Female -8%
72,380 GHS

Buyer Average Pay Raise in Ghana

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Buyer in Ghana is around 10% every 21 months.

The national average pay raise across all professions and industries in Ghana is around 8% every 19 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 10 ÷ 21 ) × 12  = 6%

What this means is that a Buyer in Ghana can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Ghana for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Ghana.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Buyer Bonus and Incentive Rates in Ghana

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Buyer is a low bonus based job, with 49% of employees reporting at least one bonus in the last 12 months.

51% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
49%
No Bonus
51%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Ghana earn approximately 8% more than private sector employees in the same role.

Public Sector
62,460 GHS
Private Sector -8%
57,620 GHS

Salaries for Jobs Similar to a Buyer

In the table below, we have salary information for jobs that are similar to a Buyer in Ghana.

Job Title Category Salary
Asset Management Associate Purchasing and Inventory 48,760 GHS
Asset Protection Associate Purchasing and Inventory 49,820 GHS
Asset Protection Specialist Purchasing and Inventory 57,320 GHS
Assistant Buyer Purchasing and Inventory 46,840 GHS
Capacity Planner Purchasing and Inventory 52,880 GHS
Category Leader Purchasing and Inventory 52,180 GHS
Category Management Specialist Purchasing and Inventory 59,380 GHS
Category Manager Purchasing and Inventory 61,840 GHS
Channel Services Representative Purchasing and Inventory 54,560 GHS
Contracts Manager Purchasing and Inventory 63,040 GHS
Contracts Specialist Purchasing and Inventory 54,700 GHS
Demand Planner Purchasing and Inventory 57,360 GHS
Demand Planning Manager Purchasing and Inventory 68,900 GHS
Distribution Assistant Purchasing and Inventory 45,620 GHS
Distribution Associate Purchasing and Inventory 43,800 GHS
Distribution Manager Purchasing and Inventory 103,140 GHS
Inventory Analyst Purchasing and Inventory 53,840 GHS
Inventory Control Clerk Purchasing and Inventory 27,620 GHS
Inventory Control Manager Purchasing and Inventory 68,400 GHS
Inventory Management Associate Purchasing and Inventory 56,060 GHS
Inventory Specialist Purchasing and Inventory 51,400 GHS
Logistics Engineer Purchasing and Inventory 46,040 GHS
Master Planner Purchasing and Inventory 49,360 GHS
Material Handler Purchasing and Inventory 32,960 GHS
Material Planning Specialist Purchasing and Inventory 44,540 GHS
Merchandise Manager Purchasing and Inventory 61,760 GHS
Procurement Administrator Purchasing and Inventory 63,500 GHS
Procurement Agent Purchasing and Inventory 41,180 GHS
Procurement Analyst Purchasing and Inventory 66,140 GHS
Procurement Assistant Purchasing and Inventory 41,660 GHS
Procurement Associate Purchasing and Inventory 56,100 GHS
Procurement Clerk Purchasing and Inventory 23,480 GHS
Procurement Engineer Purchasing and Inventory 49,020 GHS
Procurement Manager Purchasing and Inventory 102,720 GHS
Procurement Officer Purchasing and Inventory 23,660 GHS
Procurement Process Analyst Purchasing and Inventory 61,680 GHS
Procurement Specialist Purchasing and Inventory 48,820 GHS
Production Planner Purchasing and Inventory 57,360 GHS
Project Buyer Purchasing and Inventory 64,040 GHS
Purchaser Purchasing and Inventory 80,520 GHS
Purchasing Agent Purchasing and Inventory 41,480 GHS
Purchasing Assistant Purchasing and Inventory 30,800 GHS
Purchasing Manager Purchasing and Inventory 102,240 GHS
Purchasing Officer Purchasing and Inventory 47,720 GHS
Purchasing Supervisor Purchasing and Inventory 66,840 GHS
Shipping and Receiving Clerk Purchasing and Inventory 27,040 GHS
Shipping Coordinator Purchasing and Inventory 50,560 GHS
Stock Clerk Purchasing and Inventory 26,080 GHS
Stock Regulator Purchasing and Inventory 28,680 GHS
Storage Manager Purchasing and Inventory 66,480 GHS
Store Keeper Purchasing and Inventory 25,440 GHS
Stores and Logistics Coordinator Purchasing and Inventory 53,600 GHS
Supply Chain Analyst Purchasing and Inventory 76,440 GHS
Supply Chain Coordinator Purchasing and Inventory 55,580 GHS
Supply Chain Development Manager Purchasing and Inventory 93,220 GHS
Supply Chain Director Purchasing and Inventory 106,740 GHS
Supply Chain Manager Purchasing and Inventory 104,440 GHS
Supply Planner Purchasing and Inventory 48,920 GHS
Warehouse Assistant Purchasing and Inventory 21,540 GHS
Warehouse Clerk Purchasing and Inventory 23,400 GHS
Warehouse Executive Purchasing and Inventory 89,340 GHS
Warehouse Lead Purchasing and Inventory 60,180 GHS
Warehouse Manager Purchasing and Inventory 95,420 GHS
Warehouse Supervisor Purchasing and Inventory 62,420 GHS
Wholesale Buyer Purchasing and Inventory 81,960 GHS

Salary Comparison by City

If you want to compare salaries with different cities in Ghana, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Accra 79,240 GHS
Kumasi 86,520 GHS

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