Home > Salary > Ghana > Credit Manager
A credit manager is responsible for overseeing the credit granting process within an organization. They play a crucial role in managing the company's credit risk and ensuring that customers adhere to payment terms and conditions. Their main duties include evaluating creditworthiness of potential customers, setting credit limits, monitoring credit accounts, and collecting overdue payments. Additionally, credit managers establish and maintain relationships with clients, negotiate payment plans, and provide guidance on credit-related matters to other departments.
Estimated Yearly Salary: 56,383 GHS
Estimated Monthly Salary: 4,699 GHS
Estimated Weekly Salary: 1,084 GHS per week
Estimated Hourly Salary: 27 GHS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,540 GHS
Estimated Weekly Salary: 1,048 GHS per week
Estimated Hourly Salary: 26 GHS per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 4,682 USD
Estimated Monthly Salary: 390 USD
Estimated Weekly Salary: 90 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 56,383 GHS
Estimated Monthly Salary: 4,699 GHS
Estimated Weekly Salary: 1,084 GHS per week
Estimated Hourly Salary: 27 GHS per hour
By working as Credit Manager a person can save up to 250 USD per month or 3,002 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ghana, see costs of living in Ghana.
Estimated Yearly Salary for Credit Manager
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Warehouse order puller (15,680 GHS per year, pre-tax.)
Manufacturing worker (26,556 GHS per year, pre-tax.)
Office management assistant (35,256 GHS per year, pre-tax.)
Warehouse order selector (23,352 GHS per year, pre-tax.)
Environmental health safety (ehs), professional (50,568 GHS per year, pre-tax.)
Credit Manager salary in Ghana
Average Yearly Salary of Credit Manager in Ghana is approximately 56,383 GHS (4,682 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Credit Manager do?
A credit manager is responsible for overseeing the credit granting process within an organization. They play a crucial role in managing the company's credit risk and ensuring that customers adhere to payment terms and conditions. Their main duties include evaluating creditworthiness of potential customers, setting credit limits, monitoring credit accounts, and collecting overdue payments. Additionally, credit managers establish and maintain relationships with clients, negotiate payment plans, and provide guidance on credit-related matters to other departments.
Skills: Credit management, Risk assessment, Financial analysis, Debt collection, Customer relations, Payment terms
Job industry: Finance
Job industry: Finance
How much does Credit Manager make?
Salary details
How much does Credit Manager make?Estimated Yearly Salary: 56,383 GHS
Estimated Monthly Salary: 4,699 GHS
Estimated Weekly Salary: 1,084 GHS per week
Estimated Hourly Salary: 27 GHS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 54,480 GHSEstimated Monthly Salary: 4,540 GHS
Estimated Weekly Salary: 1,048 GHS per week
Estimated Hourly Salary: 26 GHS per hour
Last revision of data: 2024-01-09Credit Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,682 USD
Estimated Monthly Salary: 390 USD
Estimated Weekly Salary: 90 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Ghana is a country located in West Africa. It has a population of approximately 31 million people and covers an area of about 238,535 square kilometers. The country is bordered by Cote d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Atlantic Ocean to the south.
Estimated national average yearly salary is 39,200 GHS (3,500 USD). Value indicated is pre-tax. Below graph shows estimated Credit Manager job salary compared to average salary in Ghana.
Comparison shows that a person working as Credit Manager in Ghana earns on average:
1.44 times the average salary (or 144% of average salary).
Estimated national average yearly salary is 39,200 GHS (3,500 USD). Value indicated is pre-tax. Below graph shows estimated Credit Manager job salary compared to average salary in Ghana.
Comparison shows that a person working as Credit Manager in Ghana earns on average:
1.44 times the average salary (or 144% of average salary).
Is Credit Manager a well paid job?
Yes, our data shows that Credit Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Credit Manager?
High salary for Credit Manager would be somewhere between 62,021 GHS and 81,755 GHS. However this is an estimation based on Gaussian Distribution.How much can you save working as Credit Manager in Ghana?
Living in Ghana the approximate monthly expenses are: 140 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 56,383 GHS
Estimated Monthly Salary: 4,699 GHS
Estimated Weekly Salary: 1,084 GHS per week
Estimated Hourly Salary: 27 GHS per hour
By working as Credit Manager a person can save up to 250 USD per month or 3,002 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Ghana, see costs of living in Ghana.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Burkina Faso, Cote d'Ivoire (Ivory Coast), Togo.. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Credit Manager
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Ghana
(439,471 GHS per year, pre-tax.)
2. Cardiologist
(363,775 GHS per year, pre-tax.)
(351,690 GHS per year, pre-tax.)
(342,308 GHS per year, pre-tax.)
5. Neurosurgeon
(342,198 GHS per year, pre-tax.)
(334,060 GHS per year, pre-tax.)
7. Urologist
(333,287 GHS per year, pre-tax.)
(333,209 GHS per year, pre-tax.)
(333,002 GHS per year, pre-tax.)
10. Oncologist
(332,700 GHS per year, pre-tax.)
Data as of 2025Random salary:
Warehouse order puller (15,680 GHS per year, pre-tax.)
Manufacturing worker (26,556 GHS per year, pre-tax.)
Office management assistant (35,256 GHS per year, pre-tax.)
Warehouse order selector (23,352 GHS per year, pre-tax.)
Environmental health safety (ehs), professional (50,568 GHS per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=ghana&job=credit-manager'><img src='https://optisalary.com/wp-content/graphs/salary/credit-manager-salary-in-ghana-2025.jpg' alt='credit manager salary in ghana 2025' title='credit manager salary in ghana 2025' /></a>
Please note:The salary estimates on this website are meant for informational use exclusively.
optisalary.com provides salary data solely for informational purposes. While we endeavor for accuracy, we cannot ensure the validity of all figures. Users should double-check salary details with reliable sources before making career-related decisions. Salary estimates can vary based on multiple elements, such as company size, negotiation tactics, and industry demand. We assume no liability for misinterpretations in the pay estimates provided. By using optisalary.com, you acknowledge that salary data is not absolute.
optisalary.com compiles salary information for reference use exclusively. While we endeavor to present correct figures, we do not warrant their absolute precision. Users are highly encouraged to consult additional sources before finalizing financial plans. Salary amounts fluctuate based on multiple factors, such as industry trends, negotiation power, and regional demand. We make no claims as to the validity of the provided data. Your use of this site indicates agreement of this disclaimer.