Hourly wage for inexperienced credit and loans officers GH₵6 to GH₵16

20 Dec 2023 - Based on 25 years of work experience, credit and loans officers will earn between GH₵1,614 and GH₵3,270 per month. Of the participating people in this job, 22% work in a multinational organisation. This is evident from research conducted by Mywage.org/Ghana, in 2023.

Based on our survey, workers with 10 years of work experience earn the highest salary: between GH₵1,962 and GH₵5,459 per month. Veteran workers in this occupation, working for at least 30 years, receive between GH₵5 and GH₵8 per hour.

Credit and loans officers mostly male

43% of people in this job are parents of at least 1 child. People in this job who answered the survey are mostly between 24 and 29 years of age. Of the respondents, 26% are female and 74% are male.

On average, employees work 40 hours per week. Coverage by collective bargaining amongst workers is 6%, while 94% are not covered by a collective agreement, according to our survey.

55% of credit and loans officers fewer than 5 years of work experience

People in this job who have a permanent contract for the work they are performing, add up to 65%. Employees mostly work in organisations consisting of 500 or more people. In most cases, people in this job report that the majority of their coworkers are male. 55% of workers in this occupation have worked fewer than 5 years since their first job. People in this job who do not have a permanent contract for the work they are performing, added up to 35% of respondents. 22% of all participating workers work in a multinational organisation.

In the survey, 8% of the people in this job choose 'highly satisfied' as their job satisfaction level. On the whole, workers in this occupation feel in between satisfied and dissatisfied about their job. This feeling is shared by 38% of the workers in this occupation.

Wage dissatisfaction high among credit and loans officers

Of all surveyed employees, 30% feel dissatisfied about their salary. Generally, 31% of the people in this job report they are in between satisfied and dissatisfied with their salary.

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