INSURANCE / SALARY
GHANA

SALARY SURVEYS

9

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

12.01 GHS = 1 USD

317,750 GHS

$26,468 USD

Accra

340,884 GHS

84,035 GHS

$7,000 USD

Including "Accra"

Excluding "Accra"

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Average Salary / Insurance / Ghana

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Average salary for Insurance / Ghana is 317,750 GHS per year. The most typical earning is 84,035 GHS. All data are based on 9 salary surveys. Salaries are different between men and women. Men receive an average salary of 170,472 GHS. Women receive a salary of 835,553 GHS.

Based on education, the highest salaries receive people with Masters Degree with salary of 572,641 GHS. The second most paid education level is Bachelors Degree with salary of 114,048 GHS.

Different experiences affect earning as well. People with 8-12 Years of experience receive salary of 846,357 GHS. Employees with 4-8 Years of experience receive 187,279 GHS.

Levels / Insurance / Ghana (Gross GHS)

Salary Levels (GHS) per Year	Surveys	[%]
12,000 GHS - 23,999 GHS	0	n/a
24,000 GHS - 35,999 GHS	0	n/a
36,000 GHS - 59,999 GHS	0	n/a
THE MOST TYPICAL SALARY
60,000 GHS - 119,999 GHS	3	100% 33.33%
120,100 GHS - 180,099 GHS	2	66.67% 22.22%
180,100 GHS - 240,099 GHS	1	44.44% 11.11%
240,100 GHS - 300,099 GHS	2	33.33% 22.22%
300,100 GHS - 360,099 GHS	0	n/a
360,200 GHS - 420,199 GHS	0	n/a
420,200 GHS - 480,199 GHS	0	n/a
480,200 GHS - 540,199 GHS	0	n/a
540,200 GHS - 600,199 GHS	0	n/a
600,300 GHS - 660,299 GHS	0	n/a
660,300 GHS - 720,299 GHS	0	n/a
720,300 GHS - 780,299 GHS	0	n/a
780,300 GHS - 840,299 GHS	0	n/a
840,400 GHS - 900,399 GHS	0	n/a
900,400 GHS - 960,399 GHS	0	n/a
960,400 GHS - 1,020,399 GHS	0	n/a
1,020,400 GHS - 1,080,399 GHS	0	n/a
1,080,500 GHS - 1,140,499 GHS	0	n/a
1,140,500 GHS - 1,200,499 GHS	0	n/a
1,200,500 GHS - 1,260,499 GHS	0	n/a
1,260,500 GHS - 1,320,499 GHS	0	n/a
1,320,600 GHS - 1,380,599 GHS	0	n/a
1,380,600 GHS - 1,440,599 GHS	0	n/a
1,440,600 GHS - 1,500,599 GHS	0	n/a
1,500,600 GHS - 1,560,599 GHS	0	n/a
1,560,700 GHS - 1,620,699 GHS	1	11.11% 11.11%
1,620,700 GHS - 1,680,699 GHS	0	n/a
1,680,700 GHS - 1,740,699 GHS	0	n/a
1,740,700 GHS - 1,800,699 GHS	0	n/a
HIGH SALARIES
1,800,800 GHS - 1,920,799 GHS	0	n/a
1,920,800 GHS - 2,040,899 GHS	0	n/a
2,040,900 GHS - 2,160,899 GHS	0	n/a
2,160,900 GHS - 2,280,999 GHS	0	n/a
2,281,000 GHS - 2,400,999 GHS	0	n/a
2,401,000 GHS - 2,521,099 GHS	0	n/a
2,521,100 GHS - 2,641,099 GHS	0	n/a
2,641,100 GHS - 2,761,199 GHS	0	n/a
2,761,200 GHS - 2,881,199 GHS	0	n/a
2,881,200 GHS - 3,001,299 GHS	0	n/a
3,001,300 GHS - 4,201,799 GHS	0	n/a

Gender / Insurance / Ghana (Gross GHS)

#		Surveys		AVERAGE SALARY / YEAR
1	Women	2	835,553 GHS
2	Men	7	170,472 GHS

Education / Insurance / Ghana (Gross GHS)

#		Surveys		AVERAGE SALARY / YEAR
1	Masters Degree	4	572,641 GHS
2	Bachelors Degree	5	114,048 GHS

Experience / Insurance / Ghana (Gross GHS)

#		Surveys
1	8-12 Years	2	846,357 GHS
2	4-8 Years	3	187,279 GHS
3	2-4 Years	4	151,263 GHS

Age / Insurance / Ghana (Gross GHS)

#		Surveys
1	36-40	3	647,073 GHS
2	26-30	5	166,870 GHS
3	31-35	1	80,433 GHS

Work Type / Insurance / Ghana (Gross GHS)

#		Surveys		AVERAGE SALARY / YEAR
1	Permanent	9	318,134 GHS

Cities / Insurance / Ghana (Gross GHS)

#		Surveys		AVERAGE SALARY / YEAR
1	Accra	8	340,944 GHS
2	Kumasi	1	133,256 GHS

Careers / Insurance / Ghana (Gross GHS)

#		Surveys
1	Other Insurance Career	3	602,654 GHS
2	Insurance	2	238,900 GHS
3	Life Insurance	2	190,880 GHS
4	Insurance Sales	1	109,246 GHS
5	General Insurance	1	80,433 GHS

People's individual salary examples (surveys)

Head Retail Marketing

Posted 14 January 2022
Key knowledge and tasks

"Sales."

City	Education	Experience	Knowledge	Gross salary / year
Accra	Masters Degree	4-8 Years	Advanced	248,800 GHS

Country Director

Posted 16 August 2021
Key knowledge and tasks

"Growth Strategy."

City	Education	Experience	Knowledge	Gross salary / year
Accra	Masters Degree	8-12 Years	Expert	1,560,700 GHS

Sales Manager

Posted 16 July 2020
Key knowledge and tasks

"I sale life insurance policies, vet and supervise sales executives. I am an experience sales man in life. 
I hold degree in marketing."

City	Education	Experience	Knowledge	Gross salary / year
Kumasi	Bachelors Degree	8-12 Years	n/a	132,800 GHS

Business Services Officer

Posted 26 November 2019
Key knowledge and tasks

"Insurance business underwriting and premium administration officer."

City	Education	Experience	Knowledge	Gross salary / year
Accra	Bachelors Degree	2-4 Years	n/a	75,100 GHS

Agency Cordinator

Posted 24 June 2019
Key knowledge and tasks

"Supervise agents."

City	Education	Experience	Knowledge	Gross salary / year
Accra	Bachelors Degree	4-8 Years	n/a	80,800 GHS

Bancassurance Head

Posted 28 May 2019
Key knowledge and tasks

"•	Optimize, expand and grow existing Bancassurance business through multiple channels and products and build close working relationship with partners and deliver superior customer engagement. 
Develop and execute Bancassurance strategy to acquire new business partners, achieve growth, profitability."

City	Education	Experience	Knowledge	Gross salary / year
Accra	Bachelors Degree	2-4 Years	n/a	109,700 GHS

Agency Manager

Posted 03 March 2019
Key knowledge and tasks

"Recruit, train and manage agents."

City	Education	Experience	Knowledge	Gross salary / year
Accra	Masters Degree	4-8 Years	n/a	230,900 GHS

Actuarial Analyst

Posted 19 February 2019
Key knowledge and tasks

"Performing actuarial valuations
Collation of statistics for reinsurance programmes
Modelling
Preparing Financial Condition Reports."

City	Education	Experience	Knowledge	Gross salary / year
Accra	Bachelors Degree	2-4 Years	n/a	173,200 GHS

Organizational Development Manager

Posted 28 July 2017
Key knowledge and tasks

"Ensure expansion of sales units
Building capabilities of partners and employees."

City	Education	Experience	Knowledge	Gross salary / year
Accra	Masters Degree	2-4 Years	n/a	247,900 GHS

INSURANCE / SALARY GHANA

9