According to a Ghanaweb study, President Nana Addo Dankwa Akufo-Addo is the third highest-paid president in West Africa.
According to a story originally provided by Business Insider Africa, Akufo-annual Addo’s earnings are estimated to be US$76,000-the equivalent of around US$6,300 each month.
Overall, the Ghanaian president is ranked 14th on the continent, trailing only Cameroon’s Paul Biya.
“One source of concern is that most leaders’ annual salaries are significantly higher than the country’s GDP per capita or average earnings. This is why many young individuals want to know how much African leaders make so they can compare their pay packages to the average incomes and GDPs of other nations,” the research stated in part.
The salaries were calculated using data “scoured from country websites and data from organizations such as the International Monetary Fund and the CIA World Factbook,” according to the report.
The top five highest-paid African leaders are listed below.
A. Paul Biya of Cameroon – US$620,976
B. Morocco’s King Mohammed IV – $488,604 USD
C. South African President Cyril Ramaphosa – US $223,500
D. Kenya’s Uhuru Kenyatta – $192,200 USD
E. Yoweri Kaguta Museveni of Uganda-$183,216 USD