Home > Salary > Ghana > Risk Management Manager
A risk management manager is responsible for identifying, assessing, and mitigating potential risks that could impact an organization's operations, reputation, or financial stability. They develop and implement risk management strategies, policies, and procedures to ensure compliance with regulatory requirements and industry best practices. The role involves conducting risk assessments, analyzing data and trends, and providing recommendations to senior management on risk mitigation strategies. They collaborate with various departments to identify potential risks and develop contingency plans. Risk management managers also oversee the implementation of risk control measures and monitor their effectiveness. They may be involved in insurance procurement, claims management, and the development of crisis management plans. Strong analytical, communication, and problem-solving skills are essential for this role.
Estimated Yearly Salary: 82,289 GHS
Estimated Monthly Salary: 6,857 GHS
Estimated Weekly Salary: 1,582 GHS per week
Estimated Hourly Salary: 40 GHS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 6,638 GHS
Estimated Weekly Salary: 1,532 GHS per week
Estimated Hourly Salary: 38 GHS per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 6,895 USD
Estimated Monthly Salary: 575 USD
Estimated Weekly Salary: 133 USD per week
Estimated Hourly Salary: 3 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: 82,289 GHS
Estimated Monthly Salary: 6,857 GHS
Estimated Weekly Salary: 1,582 GHS per week
Estimated Hourly Salary: 40 GHS per hour
By working as Risk Management Manager a person can save up to 435 USD per month or 5,215 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 Risk Management Manager
Last revision of data: 2025-01-04
Data as of 2025
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Risk Management Manager salary in Ghana
Average Yearly Salary of Risk Management Manager in Ghana is approximately 82,289 GHS (6,895 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 Risk Management Manager do?
A risk management manager is responsible for identifying, assessing, and mitigating potential risks that could impact an organization's operations, reputation, or financial stability. They develop and implement risk management strategies, policies, and procedures to ensure compliance with regulatory requirements and industry best practices. The role involves conducting risk assessments, analyzing data and trends, and providing recommendations to senior management on risk mitigation strategies. They collaborate with various departments to identify potential risks and develop contingency plans. Risk management managers also oversee the implementation of risk control measures and monitor their effectiveness. They may be involved in insurance procurement, claims management, and the development of crisis management plans. Strong analytical, communication, and problem-solving skills are essential for this role.
Skills: Risk management, Risk assessment, Compliance, Data analysis, Crisis management, Insurance procurement
Job industry: Finance
Job industry: Finance
How much does Risk Management Manager make?
Salary details
How much does Risk Management Manager make?Estimated Yearly Salary: 82,289 GHS
Estimated Monthly Salary: 6,857 GHS
Estimated Weekly Salary: 1,582 GHS per week
Estimated Hourly Salary: 40 GHS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 79,656 GHSEstimated Monthly Salary: 6,638 GHS
Estimated Weekly Salary: 1,532 GHS per week
Estimated Hourly Salary: 38 GHS per hour
Last revision of data: 2024-01-09Risk Management Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,895 USD
Estimated Monthly Salary: 575 USD
Estimated Weekly Salary: 133 USD per week
Estimated Hourly Salary: 3 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
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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 Risk Management Manager job salary compared to average salary in Ghana.
Comparison shows that a person working as Risk Management Manager in Ghana earns on average:
2.1 times the average salary (or 210% of average salary).
Estimated national average yearly salary is 39,200 GHS (3,500 USD). Value indicated is pre-tax. Below graph shows estimated Risk Management Manager job salary compared to average salary in Ghana.
Comparison shows that a person working as Risk Management Manager in Ghana earns on average:
2.1 times the average salary (or 210% of average salary).
Is Risk Management Manager a well paid job?
Yes, our data show that Risk Management Manager is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Risk Management Manager?
High salary for Risk Management Manager would be somewhere between 90,518 GHS and 119,319 GHS. However this is an estimation based on Gaussian Distribution.How much can you save working as Risk Management 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: 82,289 GHS
Estimated Monthly Salary: 6,857 GHS
Estimated Weekly Salary: 1,582 GHS per week
Estimated Hourly Salary: 40 GHS per hour
By working as Risk Management Manager a person can save up to 435 USD per month or 5,215 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 Risk Management 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:
Stevedore (30,216 GHS per year, pre-tax.)
Entomologist (30,481 GHS per year, pre-tax.)
Wealth strategy associate (45,324 GHS per year, pre-tax.)
Quality chemist (42,576 GHS per year, pre-tax.)
Conservation program officer (32,213 GHS per year, pre-tax.)
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