- Overview: Ghana
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Global Employer of Record in Ghana
What Is a Global Employer of Record?
A Global Employer of Record (Global EOR) is a third-party organisation that shoulders the legal and administrative responsibilities of hiring, employing, and managing staff on behalf of a client company. Unlike a local Employer of Record, a Global EOR can operate across multiple countries, offering a unified solution for managing international employees.
This international talent engagement model is especially advantageous for companies expanding into new markets. Typically, such expansion would require establishing a local legal entity, a time-consuming process laden with bureaucratic hurdles. Global EOR circumvents this necessity. It allows companies to deploy staff in multiple jurisdictions without navigating the complexities of local employment laws, tax structures, and compliance norms. This streamlined approach eliminates the daunting upfront investment and operational costs of establishing a foreign subsidiary or business unit.
The flexibility of a Global EOR model makes it ideal for market testing and agile operations. Companies can quickly enter and exit markets, scaling their workforce up or down based on real-time needs and market conditions. Not only does this minimise risk, but it also preserves the company’s existing tax structure and corporate governance framework. The result is a more efficient, compliant, and strategic approach to international business expansion.
Challenges that Express Global Employment Helps Solve
Diverse Skill Requirements
Bridging the talent gap demands a global perspective. Securing specialised, hard-to-find professionals is essential for growing your business.
Global Regulations
Each market’s unique labour and tax laws can be a complex landscape for businesses to navigate.
Immigration Complexities
Visa and work permit issues can cause critical delays, restricting your company’s expansion across borders.
Compensation Consistency
Balancing competitive compensation packages across several global markets needs careful consideration to maintain package attractiveness and regional compliance.
Payroll Precision
Managing global payroll systems, understanding diverse tax codes, and keeping up with variable timelines present a significant operational challenge.
Risk Mitigation
In new markets, it’s critical to confidently navigate employee misclassification and permanent establishment risks.
Benefits of Using a Global Employer of Record (EOR)
By utilising a Global Employer of Record, you can effectively ‘lease’ local talent or transfer existing employees to international locations while the EOR handles all local legal obligations, including tax remittances, payroll, and compliance with employment regulations. This accelerates your entry into new markets like Algeria and mitigates the risks associated with legal non-compliance.
Strategic Flexibility and Cost-Efficiency
What makes this particularly advantageous is the agility it offers your business. With the operational and HR complexities taken care of, you can focus on your core business objectives: market expansion, project implementation, or tapping into new consumer bases. Moreover, you save on both time and upfront expenses because you don’t have to go through the lengthy and costly process of establishing a legal entity.
By partnering with a competent Global Employer of Record, you can vastly simplify the process of international expansion, allowing you to enter and operate in markets like Algeria in a legally compliant and cost-effective manner.
Average Cost & Time | Our Solution * | |
---|---|---|
Time to Market | 10+ weeks | 72 hours |
Legal Advisors Fees | $ 10 000 + | …………. |
Official Employment & Benefits | $ 20 000 + | …………. |
Incorporation & Liquidation Costs | $ 11 000 + | …………. |
Bank Account Setup | $ 2 000 + | …………. |
Maintenance costs and in-house staff to manage the foreign entity, payroll setup, and HR operations administration. | $ 25 000+ | …………. |
The approximate total cost of new market entry** | $ 74 000 + | $ 15 000 |
* Per one Employee
** Costs vary from country to country
Global Employment Solutions in Ghana
Express Global Employment provides comprehensive services for building a global team, handling all aspects from hiring to compliance. Here’s what we can do:
- Global Mobility Support: Simplifies onboarding and immigration, enabling quick onboarding and engagement of international talent.
- Effortless Onboarding: Streamlines global employee onboarding to enhance productivity and speed up results.
- Global Payroll & Benefits Management: Manages international payroll and benefits, ensuring compliance and competitive compensation.
- Borderless Expansion Without Local Entities: Facilitates workforce expansion in 190 countries, removing the need for local business entities.
- Hire Internationally, Operate Everywhere: Offers support for scaling operations and seizing international opportunities swiftly.
- Risk-Free Market Navigation: Provides expert guidance for secure expansion, managing permanent establishment, employee misclassification risks and compliance challenges in new markets.
1. Recruitment |
2. Global Mobility |
3. Checks |
4. Onboarding |
5. Payroll Administration |
6. Working Time & PTO Processing |
7. Benefits Administration |
8. Tax Administration & Reporting |
Offboarding |
Talent skilled in highly specialised areas | Employee Work Visa and Work Permit sponsorship | Health checks | Employment Agreement drafting | In-country registration with statutory bodies | Working hours | Mandatory Benefits | Tax Reporting frequency and requirements; | Employment agreement termination: |
Executive search | Dependent Visa | Criminal record checks | Compliant worker onboarding on your behalf | Day-to-day payroll management | Overtime | Health insurance | Employer taxes & contributions | Dismissal – by the employer |
Contingency workforce | Visa extension | Background checks | Account setup in the payroll and HR system | Monthly pay slips or other pay frequency | Public holidays | Workers’ compensation | Employee taxes & contributions | Resignation – by the employee |
Application for a sponsor license for a foreign national | Education checks | Employee data entry and records maintenance | Accruals | Annual leave | Unemployment insurance | Withholding tax | Termination by mutual agreement | |
Relocation assistance | Managing probation periods | Allowances | Parental leave | Voluntary Benefits | Local tax payments and reporting to local authorities | Notice period handling | ||
13th and 14th salary | Sick leave | Share plans for executives | End of financial year reporting | Final settlement & severance payments | ||||
Additional leave | Bonuses & Equipment provision | De-registration with statutory bodies | ||||||
Expenses reimbursement & business trip processing | ||||||||
Health insurance, dental treatment |
Spotlight on Ghana
Ghana, officially the Republic of Ghana, is a vibrant and culturally rich country in West Africa. It borders Togo to the east, Burkina Faso to the north, and Côte d’Ivoire to the west. With its stunning coastline, lush rainforests, and diverse ethnic groups, Ghana offers a captivating blend of natural beauty and cultural heritage.
Ghana is situated on the Gulf of Guinea, covering an area of approximately 238,533 square kilometres (92,098 sq mi). The country’s landscape varies, ranging from coastal plains in the south to hilly regions in the north. Ghana is known for its tropical climate, warm temperatures and distinct wet and dry seasons. Accra, Ghana’s capital city, is a bustling metropolis and a major economic hub of West Africa.
Population and Demographics
Ghana’s population is estimated to be over 31.8 million (2023), making it one of the most populous countries in West Africa. The country is characterized by its ethnic diversity, with over 250 different ethnic groups. The largest ethnic groups include the Akan, Mole-Dagbani, Ewe, and Ga.
Economy and Trade
Ghana’s economy is primarily agricultural, with major exports of cocoa, gold, and minerals. The country also significantly produces timber, horticultural products, and aluminium. Ghana’s main trading partners include the United Kingdom, the United States, China, and the Netherlands.
Labor Force and Employment
Ghana’s labour force comprises approximately 18.9 million people (2023). The majority of the workforce is engaged in agriculture, followed by the services and industrial sectors. Ghana’s government has implemented initiatives to promote employment and entrepreneurship, particularly in the youth demographic.
Efficient Talent Management in Ghana with Express Global Employment’s EOR Solution
Express Global Employment offers a comprehensive suite of global employment services to support your business’s HR needs in international markets like Ghana. Our services focus on strategic talent acquisition and global expansion, providing a seamless entry into new markets without the legal and HR complexities often encountered. We specialise in offering local assistance to international clients and their expatriate staff, ensuring smooth operations across borders. As a global employment leader, Express Global Employment caters to direct employers and agencies representing international clients.
Our Employer of Record (EOR) service in Ghana presents a streamlined and cost-efficient alternative to traditional hiring methods. This approach enables your business to function in Ghana and beyond, in over 190 countries where we operate, without the necessity of establishing a local business entity.
Compliant Employee Onboarding and Payroll in Ghana with Express Global Employment
The Global EOR service by Express Global Employment is designed to navigate the legalities of hiring and remunerating your workforce in Ghana, both for local and expatriate employees. We handle the intricacies of global employment and HR, guaranteeing compliance with Ghana’s employment laws and regulations.
This service minimizes the risk associated with international business expansion. By partnering with Express Global Employment, you avoid the need to set up a legal entity in Ghana, streamlining the process of hiring and compensating employees.
Furthermore, we facilitate the acquisition of work permits and business visas for expatriate staff, employing them on your behalf after securing the necessary legal permissions.
Choose Express Global Employment as your partner in managing global employment and HR requirements. Our expertise in Ghana ensures lawful and efficient hiring and compensation processes in Ghana and 190 other countries where we offer our services to a global clientele.