Average Cost Analyst Salary in Kumasi, Ghana for 2026

In this article, we will look at the average Cost Analyst salary for 2026 in Kumasi 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 ₵.

How Much Does a Cost Analyst Make in Kumasi?

A Cost Analyst working in Kumasi will typically earn around 70,600 GHS per year, and this can range from the lowest average salary of about 34,960 GHS to the highest average salary of 114,940 GHS.

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

Cost Analyst 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 Cost Analyst Salaries in Kumasi

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

Salary ranges

We already know that a Cost Analyst can earn between 34,960 GHS and 114,940 GHS on average in Kumasi. 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 Cost Analyst in Kumasi is 73,980 GHS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 73,980 GHS, and 50% of the population earn more than 73,980 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 Cost Analyst salary in Kumasi, 25% of the population are earning less than 49,300 GHS while 75% of the population earn more than 49,300 GHS.

75% of the population earn less than 95,980 GHS, and 25% of the population earn more than 95,980 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.

Cost Analyst Salary by Experience Level in Kumasi

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 Cost Analyst 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 Cost Analyst in Kumasi that has less than two years of experience can expect to earn somewhere in the region of 42,040 GHS.
• 2 - 5 Years Experience. With two to five years of experience the average Cost Analyst salary would increase to 56,460 GHS.
• 5 - 10 Years Experience. From five to ten years of experience as a Cost Analyst, the average salary would be 77,060 GHS.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 93,340 GHS.
• 15 - 20 Years Experience. A Cost Analyst with 15 to 20 years of experience can earn an average of 99,920 GHS.
• 20+ Years Experience. For a Cost Analyst with more than 20 years, the expected average salary increases to 107,580 GHS.

Average Salary by Experience Chart

Cost Analyst Salary by Education Level in Kumasi

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 Cost Analyst in Kumasi 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 Cost Analyst in Kumasi with a high school education can earn an average salary of 51,080 GHS.
• Certificate or Diploma. A Cost Analyst in Kumasi with a certificate or diploma education can earn an average salary of 59,480 GHS.
• Bachelor's Degree. A Cost Analyst in Kumasi with a bachelor's degree education can earn an average salary of 83,640 GHS.
• Master's Degree. A Cost Analyst in Kumasi with a master's degree education can earn an average salary of 104,900 GHS.

Average Salary by Education Chart

Cost Analyst 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 Kumasi, a male cost analyst will earn an average of 66,140 GHS, while a female cost analyst will earn around 61,760 GHS.

This means that a male cost analyst earns approximately 7% more than a female cost analyst for performing the same job.

Average Salary by Gender Chart in Kumasi

Cost Analyst Average Pay Raise in Kumasi

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 Cost Analyst in Kumasi is around 11% every 19 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 = ( 11 ÷ 19 ) × 12  = 7%

What this means is that a Cost Analyst in Kumasi can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Kumasi for 2026

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.

Cost Analyst Bonus and Incentive Rates in Kumasi

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 Cost Analyst is a moderate bonus based job, with 52% of employees reporting at least one bonus in the last 12 months.

48% 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 6%.

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.

Salaries for Jobs Similar to a Cost Analyst

In the table below, we have salary information for jobs that are similar to a Cost Analyst in Kumasi.

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.