Ghana’s Present Economic Challenges: Balancing Incomes with Soaring Inflation
Ghanaians are facing a critical situation where their incomes must keep pace with the surging inflation rate. In June 2023, inflation reached 42.5%, up from 42.2% in May, indicating a significant increase in the prices of goods and services.
The rising inflationary pressure poses a risk to consumers, as their incomes may not be sufficient to cover the escalating costs of essential items. If incomes remain stagnant while expenses rise, individuals may either accumulate debt or curtail their spending, impacting their quality of life over time.
As the country grapples with economic uncertainties, the minimum wage in Ghana stands at GH¢14.88. In the past, there was a perception that public service jobs offered more lucrative salaries compared to those in the private sector. However, with the rise of the private sector and entrepreneurship, it is unclear if this notion still holds true.
In this article, our focus is on exploring the best-paying jobs available in Ghana in 2023. Understanding the employment landscape and opportunities for well-compensated positions becomes crucial in navigating the economic challenges faced by Ghanaians today.
Here is a list that was curated by Prining Business with assistance from https://www.nexford.org in no particular order.
1. Civil engineering
Civil engineers deal with matters related to infrastructural projects. They handle creativity, design, supervision, construction, and maintenance. Since their jobs deal with infrastructure development, they are able to work remotely, for the private sector and public sector as well. Mostly, their jobs are also contract-based.
2. Business Analysis
Business analysis deals with everything that concerns businesses. Analysts help to assess every aspect of a business and come up with ways to improve or ensure the business’ growth. Analysts are paid quite decent salaries.
3. University Professor
The teaching profession may not be so rewarding at the lower levels but climbing up, University lecturers and professors earn quite decent salaries.
4. Medical Doctor
In recent times, Ghana has seen the exodus of medical doctors to other Western countries in search of greener pastures. However, the profession still remains one with quite decent paychecks.
Lawyers are also part of the high-salaried workers in Ghana. Usually, lawyers are highly sought-after due to the high rates they charge from their clients.
6. IT specialist
Players in the IT space have gained their position as part of the highest earners in Ghana due to the evolution of the internet.
7. Network Engineering
Network Engineers design, build, and configure networks. do a variety of tasks, including upgrading equipment, setting up nodes, and troubleshooting, among others.
8. Human Resource Personnel
HR managers are responsible for the general well being of employees of a company. They serve as recruiters and applicant screeners during each round of the hiring process. They also handle training and orientation of newly hired employees. They also handle scheduling, payroll, incident reports, and other relevant tasks.
9. Product Management
A Product Manager’s task is to find out what customers need. They gather this data through thorough market research, customer feedback, and surveys.
10. Customer Service Representative
Just like the name of the role, they handle the needs of customers and ensure that they are always satisfied.