Home > Salary > Ghana > Loan Workout Officer
A loan workout officer is responsible for managing and resolving troubled loans within a financial institution. They work closely with borrowers who are struggling to make their loan payments, aiming to find solutions that benefit both the borrower and the lender. The officer evaluates the borrower's financial situation, analyzes repayment options, negotiates new terms, and develops strategies to minimize losses for the institution. They may also facilitate loan modifications, extensions, or refinancing arrangements. Additionally, loan workout officers monitor loan performance, identify potential risks, and recommend appropriate actions to mitigate them. Strong analytical and negotiation skills are essential for this role, as well as a thorough understanding of lending regulations and financial markets.
Estimated Yearly Salary: 63,088 GHS
Estimated Monthly Salary: 5,257 GHS
Estimated Weekly Salary: 1,213 GHS per week
Estimated Hourly Salary: 30 GHS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,074 GHS
Estimated Weekly Salary: 1,171 GHS per week
Estimated Hourly Salary: 29 GHS per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 5,254 USD
Estimated Monthly Salary: 438 USD
Estimated Weekly Salary: 101 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 63,088 GHS
Estimated Monthly Salary: 5,257 GHS
Estimated Weekly Salary: 1,213 GHS per week
Estimated Hourly Salary: 30 GHS per hour
By working as Loan Workout Officer a person can save up to 298 USD per month or 3,574 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 Loan Workout Officer
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Motorcycle service technician (31,288 GHS per year, pre-tax.)
It change analyst (59,576 GHS per year, pre-tax.)
Control systems engineer (67,499 GHS per year, pre-tax.)
Orthotistprosthetist (46,256 GHS per year, pre-tax.)
Sprinkler fitter (26,324 GHS per year, pre-tax.)
Loan Workout Officer salary in Ghana
Average Yearly Salary of Loan Workout Officer in Ghana is approximately 63,088 GHS (5,254 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 Loan Workout Officer do?
A loan workout officer is responsible for managing and resolving troubled loans within a financial institution. They work closely with borrowers who are struggling to make their loan payments, aiming to find solutions that benefit both the borrower and the lender. The officer evaluates the borrower's financial situation, analyzes repayment options, negotiates new terms, and develops strategies to minimize losses for the institution. They may also facilitate loan modifications, extensions, or refinancing arrangements. Additionally, loan workout officers monitor loan performance, identify potential risks, and recommend appropriate actions to mitigate them. Strong analytical and negotiation skills are essential for this role, as well as a thorough understanding of lending regulations and financial markets.
Skills: Loan workout officer, Loan management, Financial analysis, Negotiation skills, Risk mitigation, Lending regulations
Job industry: Banking
Job industry: Banking
How much does Loan Workout Officer make?
Salary details
How much does Loan Workout Officer make?Estimated Yearly Salary: 63,088 GHS
Estimated Monthly Salary: 5,257 GHS
Estimated Weekly Salary: 1,213 GHS per week
Estimated Hourly Salary: 30 GHS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 60,888 GHSEstimated Monthly Salary: 5,074 GHS
Estimated Weekly Salary: 1,171 GHS per week
Estimated Hourly Salary: 29 GHS per hour
Last revision of data: 2024-01-08Loan Workout Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,254 USD
Estimated Monthly Salary: 438 USD
Estimated Weekly Salary: 101 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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 Loan Workout Officer job salary compared to average salary in Ghana.
Comparison shows that a person working as Loan Workout Officer in Ghana earns on average:
1.61 times the average salary (or 161% of average salary).
Estimated national average yearly salary is 39,200 GHS (3,500 USD). Value indicated is pre-tax. Below graph shows estimated Loan Workout Officer job salary compared to average salary in Ghana.
Comparison shows that a person working as Loan Workout Officer in Ghana earns on average:
1.61 times the average salary (or 161% of average salary).
Is Loan Workout Officer a well paid job?
Yes, our data shows that Loan Workout Officer 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 Loan Workout Officer?
High salary for Loan Workout Officer would be somewhere between 69,397 GHS and 91,478 GHS. However this is an estimation based on Gaussian Distribution.How much can you save working as Loan Workout Officer 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: 63,088 GHS
Estimated Monthly Salary: 5,257 GHS
Estimated Weekly Salary: 1,213 GHS per week
Estimated Hourly Salary: 30 GHS per hour
By working as Loan Workout Officer a person can save up to 298 USD per month or 3,574 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 Loan Workout Officer
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:
Motorcycle service technician (31,288 GHS per year, pre-tax.)
It change analyst (59,576 GHS per year, pre-tax.)
Control systems engineer (67,499 GHS per year, pre-tax.)
Orthotistprosthetist (46,256 GHS per year, pre-tax.)
Sprinkler fitter (26,324 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=loan-workout-officer'><img src='https://optisalary.com/wp-content/graphs/salary/loan-workout-officer-salary-in-ghana-2025.jpg' alt='loan workout officer salary in ghana 2025' title='loan workout officer salary in ghana 2025' /></a>
Please note:This website offers salary estimates for educational purposes only.
All salary figures on optisalary.com are for informational purposes only. We gather data from various reliable sources, yet do not guarantee complete precision. Before making financial choices, users should cross-check with external authoritative sources. Salaries fluctuate due to several influences, including negotiation skills, industry demand, and experience levels. We disclaim any responsibility for errors in the salary information provided here. Your engagement with optisalary.com indicates agreement of this policy.
The salary data on this site is designed for reference purposes exclusively. We provide salary insights based on multiple sources, but do not guarantee absolute accuracy. Users should always cross-check salary details with other trusted sources before making career-related choices. Variations in salary figures may arise due to several factors, including company policies, market demand, and individual skills. We do not offer any warranty regarding the completeness of the provided salary information. Use of optisalary.com constitutes acceptance of these conditions.