Burkina Faso's financial freedom score is 58.3, ranking it at 100 in the 2022 Index. Mali is categorized as the 13th of 47 countries in Sub-Saharan Africa. It has a general score greater than the zonal and lower than the universal standards. From 2017, the country's financial growth slowed, rose in 2019, fell in 2020, and recovered in 2021. Over those five years, the country has had undistracted economic development. Burkina Faso's rule of law scores have risen. It currently has two favorable trade agreements in place. Government spending and tax burden are strong. In 2021, the government supported cotton producers by subsidizing cotton prices, fertilizers, and seeds. Burkina Faso has two preferential trade agreements in force and has a 9.5 % tariff rate. Non-tariff barriers are reasonable in the country.

In Burkina Faso, the minimum wage is government-mandated. No employee is eligible for lesser compensation than the minimum pay rate. Companies in Burkina Faso that do not compensate for this wage are susceptible to legal punishment. The minimum monthly payment is CFA34, 664. However, this pay rate is mandatory to the formal sector and is inapplicable in farm agriculture and other unofficial occupations.

The payroll is done in monthly, weekly, and bi-weekly intervals in Burkina Faso.

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Statutory Deductions

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Annual leave

A full-time worker's annual paid leave obligation is 22 days. 

Maternity Leave

Females are allowed a 14-week paid maternity leave. Female workers can receive a 6-week pay, and an 8-week paid leave post-birth. For eligibility, the female must possess the required documents. The company and social security split the payment.

Paternity Leave

Fathers receive a 20-day paternity leave for family-related reasons.

Sick Leave

Workers are eligible for paid sick leave based on the employment period.  

• For 1 or less employment period – 2-months' pay, that is, 1-month total compensation and the other 50% of salary. 
• For 1-5 employment years – 4-months' pay, that is 1-month total compensation and the other months' half pay.
• For 6-10 employment years – 5-months' pay, that is 2-months' full compensation and 3-months half pay.
• For 11-15 employment years - 6 months' pay, that is, 3-months' total compensation and 3-months' half pay. 
• For employment years exceeding 15 - 8 months, that is, 4-month full pay and 4-month half pay.

A company may terminate an agreement without valid grounds, but the worker is eligible for mandatory compensation under the law. Either party may stop a permanent contract with a written notice. Settlement is not allowed if the worker is involved in criminal activities or misconduct.