Key Facts: Ghana vs Venezuela Wages
- Ghana Minimum Wage
- GH₵2.72/hr ($0.18 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- Ghana Avg. Gross Monthly Salary
- GH₵3,500 /mo ($235.69 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Fair Wages and Salaries Commission (FWSC) / Ministry of Finance (MOFEP) / National Tripartite Committee; 2025-2026 daily rates per official gazettements (2026-05-27), Venezuelan Ministry of Labour (MINPPTRASS) / Decreto 4.653/2022 / Cendas-FVM. Confirmed: legal salario mínimo has been UNCHANGED at VES 130 since March 2022 (over 4 years frozen amid hyperinflation). Effective real income for workers is dominated by the 'ingreso integral' (bono de guerra económica + CESTATICKET food bonus), increased to USD 240/month effective 1 May 2026. (2026-05-04)
Ghana 
Venezuela
Updated 2026-05-27
The minimum wage in Ghana is roughly 10 times higher than in Venezuela in USD terms, reflecting the gap between a lower-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $236/mo in Ghana versus $14/mo in Venezuela, a 17.2:1 ratio. Ghana has the tighter labor market, with unemployment at 3.0% compared to 5.3%.
Ghana's unemployment rate is 3.0% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | Ghana | Venezuela |
|---|---|---|
| Minimum wage /hr | GH₵2.72 $0.18 | Bs.D0.68 $0.02 |
| Minimum wage /day | GH₵21.77 $1.47 | Bs.D5.42 $0.15 |
| Minimum wage /mo | GH₵565.02 $38.05 | Bs.D130 $3.56 |
| Minimum wage /yr | GH₵6,780.24 $456.58 | — |
| Avg. gross salary /mo | GH₵3,500 /mo $235.69 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | GH₵3,000 /mo $202.02 | N/A/mo |
| Median individual income /yr | GH₵12,000 /yr $808.08 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Ghana is higher.
Work Week
- Ghana
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Labour Act 2003 (Act 651) sets standard working hours at 8 hours/day, 40 hours/week. Overtime must be paid at 1.5x the normal rate. Work on rest days or public holidays at 2x.
- Venezuela
-
40 hrs/wk standard
Max 44 hrs/wk
Overtime : 1.5x pay
Organic Labour Law (LOTTT) of 2012 sets the standard workweek at 40 hours (8 hours/day, 5 days). Certain sectors may work up to 44 hours/week. Overtime is limited to 100 hours/year and paid at a premium of at least 50%. Night work (7pm–5am) carries a 30% premium. Workers are entitled to 2 years advance notice before termination — the LOTTT provides extremely strong job security provisions. Saturday is often worked in practice in commerce/industry.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker moving from Venezuela to Ghana would see a 883% increase in USD-equivalent hourly earnings.
See this comparison from Venezuela's perspective: Venezuela vs Ghana
Compare Ghana with...
Ghana vs United States $ 7.25 /hr 
Ghana vs China ¥ 25 /hr 
Ghana vs Germany € 13.9 /hr 
Ghana vs United Kingdom £ 12.71 /hr 
Ghana vs India ₹ 4,576 /mo 
Ghana vs Japan ¥ 1,121 /hr 
Ghana vs France € 12.02 /hr 
Ghana vs South Korea ₩ 10,320 /hr 
Ghana vs Canada C$ 18.1 /hr 
Ghana vs Australia A$ 24.95 /hr 
Ghana vs Brazil R$ 7.37 /hr 
Ghana vs Russia ₽ 156.31 /hr 
Ghana vs Mexico MX$ 9,583.52 /mo 
Ghana vs Indonesia Rp 33,058 /hr 
Ghana vs Netherlands € 14.71 /hr 
Ghana vs Saudi Arabia ﷼ 23.08 /hr 
Ghana vs Turkey ₺ 164.94 /hr 
Ghana vs Taiwan NT$ 190 /hr 
Ghana vs Switzerland 
Ghana vs Poland zł 31.4 /hr 
Ghana vs Thailand ฿ 10,400 /mo 
Ghana vs Sweden 
Ghana vs Argentina ARS 1,762 /hr 
Ghana vs Singapore Frequently Asked Questions
Is the minimum wage higher in Ghana or Venezuela?
In Ghana, the minimum wage is GH₵2.72/hr ($0.18 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). Ghana has the higher rate by 883% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Venezuela may retain a larger share of their earnings if prices there are lower.
How much more does the average worker earn in Ghana compared to Venezuela?
The average gross salary in Ghana is GH₵3,500/mo ($235.69 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in Ghana earn approximately 1621% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Ghana and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Ghana earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between Ghana and Venezuela?
Both Ghana and Venezuela mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.