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AML Analyst Average Salary in Ghana 2023

How much money does a person working as AML Analyst make in Ghana?

Average Monthly Salary
7,620 GHS
( 91,400 GHS yearly)


A person working as AML Analyst in Ghana typically earns around 7,620 GHS per month. Salaries range from 3,500 GHS (lowest) to 12,100 GHS (highest).

This is the average monthly salary including housing, transport, and other benefits. AML Analyst salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

AML Analyst Pay Scale and Salaries in Ghana

Median and salary distribution Ghana AML Analyst monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
7,230 GHS or more
10% of people earn
6,330 to 7,230 GHS
20% of people earn
4,360 GHS or less
65% of people earn
4,360 to 6,330 GHS
Minimum Salary
3,500 GHS
7,280 GHS
12,100 GHS

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

  • Salary Range, Minimum Wage, and Starting Salary

    AML Analyst salaries in Ghana range from 3,500 GHS per month (starting salary) to 12,100 GHS per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 7,280 GHS per month, which means that half (50%) of people working as AML Analyst(s) are earning less than 7,280 GHS while the other half are earning more than 7,280 GHS. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles and Salary Scale

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of AML Analyst(s) are earning less than 5,870 GHS while 75% of them are earning more than 5,870 GHS. Also from the diagram, 75% of AML Analyst(s) are earning less than 8,390 GHS while 25% are earning more than 8,390 GHS.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 4,360 GHS to 6,330 GHS. Approximatly 20% fall under the 4,360 GHS cap. Ten percent of wages are from 6,330 GHS to 7,230 GHS. Only 5% of people grossed 7,230 GHS or more.

AML Analyst Salary Comparison by Years of Experience

How does experience and age affect your pay?

AML Analyst average salary change by experience in Ghana

0 - 2 Years
3,980 GHS
2 - 5 Years+34%
5,310 GHS
5 - 10 Years+48%
7,850 GHS
10 - 15 Years+22%
9,570 GHS
15 - 20 Years+9%
10,400 GHS
20+ Years+8%
11,300 GHS
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Ghana AML Analyst
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down AML Analyst salaries by experience level and this is what we found.

Employees with less than two years of experience makes approximately 3,980 GHS per month.

While someone with an experience level between two and five years is expected to earn 5,310 GHS per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 7,850 GHS per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, AML Analyst whose expertise span anywhere between ten and fifteen years get a salary equivalent to 9,570 GHS per month, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 10,400 GHS per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 11,300 GHS per month, 8% more than people with fifteen to twenty years of experience.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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AML Analyst Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different AML Analyst(s) who have the same experience but different education levels.

AML Analyst average salary difference by education level in Ghana

Certificate or Diploma
4,540 GHS
Bachelor's Degree+57%
7,120 GHS
Master's Degree+68%
11,900 GHS
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Ghana AML Analyst
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down AML Analyst salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary is 4,540 GHS per month.

While someone with a Bachelor's Degree gets a salary of 7,120 GHS per month, 57% more than someone having a Certificate or Diploma degree.

People with Master's Degree have an average salary of 11,900 GHS per month, 68% more than someone with a Bachelor's Degree.

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Ghana costs anywhere from 25,300 Cedi(s) to 76,000 Cedi(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender - AML Analyst

Salary comparison by gender Ghana AML Analyst monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male AML Analyst employees in Ghana earn 13% more than their female counterparts on average.

8,090 GHS
7,150 GHS
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Ghana for all Careers

Salary comparison by gender monthly Ghana
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AML Analyst Average Annual Salary Increment Percentage in Ghana

How much are annual salary increments in Ghana for AML Analyst(s)? How often do employees get salary raises?

AML Analyst

AML Analyst(s) in Ghana are likely to observe a salary increase of approximately 12% every 19 months. The national average annual increment for all professions combined is 8% granted to employees every 19 months.

Annual Salary Increment Rate Ghana AML Analyst
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Ghana / All Professions

Annual Salary Increment Rate Ghana
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The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Ghana is 5%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in Ghana for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

AML Analyst Bonus and Incentive Rates in Ghana

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Ghana AML Analyst
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"AML Analyst" is considered to be a high bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

19% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 81% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

AML Analyst Salary Trend and Forecast in Ghana

How are AML Analyst salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
6,590 GHS
Average Salary 2020+4%
6,830 GHS
Average Salary 2021+4%
7,090 GHS
Average Salary 2022+4%
7,350 GHS
Percentage increase and decrease are relative to the previous value

AML Analyst salaries in Ghana are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 4% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Salary trends and forecast monthly Ghana AML Analyst
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AML Analyst Average Hourly Wage in Ghana

44 GHS per hour

The average hourly wage (pay per hour) in Ghana is 44 GHS. This means that the average AML Analyst in Ghana earns approximately 44 GHS for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for 'AML Analyst' in Ghana is 20 GHS. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

AML Analyst VS Other Jobs

7,620 GHS
5,510 GHS
5,070 GHS
Average Salary
AML Analyst
Average Salary
Average Salary
All Jobs

The average salary for AML Analyst is 38% more than that of Banking. Also, Banking salaries are 9% more than those of All Jobs.

Salary Comparison Between AML Analyst and Banking monthly Ghana
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Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst7,620 GHS+0%
Assistant Bank Branch Manager6,340 GHS-17%
Assistant Bank Manager8,430 GHS+11%
ATM Manager6,990 GHS-8%
ATM Service Technician1,890 GHS-75%
Bank Accounts Analyst2,980 GHS-61%
Bank Accounts Controller3,830 GHS-50%
Bank Accounts Executive5,580 GHS-27%
Bank Accounts Manager6,360 GHS-17%
Bank Auditing Manager6,610 GHS-13%
Bank Branch Manager8,810 GHS+16%
Bank Clerk1,640 GHS-78%
Bank Compliance Specialist4,420 GHS-42%
Bank Manager10,300 GHS+35%
Bank Operational Risk Manager9,670 GHS+27%
Bank Operations Head10,900 GHS+43%
Bank Operations Officer4,280 GHS-44%
Bank Operations Specialist6,330 GHS-17%
Bank Process Manager5,540 GHS-27%
Bank Product Manager 6,820 GHS-10%
Bank Programme Manager6,920 GHS-9%
Bank Project Manager8,260 GHS+8%
Bank Propositions Manager7,130 GHS-6%
Bank Quantitative Analyst5,320 GHS-30%
Bank Regional Manager10,900 GHS+43%
Bank Regional Risk Officer5,640 GHS-26%
Bank Relationship Manager7,820 GHS+3%
Bank Relationship Officer3,660 GHS-52%
Banker3,580 GHS-53%
Banking Business Analyst5,440 GHS-29%
Banking Business Development Officer3,470 GHS-54%
Banking Business Planning Executive7,440 GHS-2%
Banking Product Manager6,330 GHS-17%
Banking Reference Data Manager5,710 GHS-25%
Banking Risk Analyst5,430 GHS-29%
Banking Technical Analyst2,830 GHS-63%
Bankruptcy Coordinator3,690 GHS-52%
Budget Analyst5,130 GHS-33%
Cards Marketing Manager7,030 GHS-8%
Cash Management Manager9,520 GHS+25%
Check Processing Manager6,920 GHS-9%
Commercial Vault Associate5,090 GHS-33%
Corporate Dealer5,640 GHS-26%
Credit Analyst4,340 GHS-43%
Credit and Collections Manager7,410 GHS-3%
Credit Card Fraud Investigator5,580 GHS-27%
Credit Portfolio Manager9,990 GHS+31%
Credit Risk Analyst5,910 GHS-22%
Credit Risk Associate5,970 GHS-22%
Direct Bank Sales Representative3,750 GHS-51%
Financial Bank Planning Consultant7,160 GHS-6%
Financial Banking Analysis Manager7,510 GHS-1%
Financial Banking Assistant2,650 GHS-65%
Financial Banking Systems Manager7,430 GHS-2%
Foreign Exchange Manager7,800 GHS+2%
Fraud Analyst5,590 GHS-27%
Fraud Detection Associate3,800 GHS-50%
Fraud Detection Manager7,950 GHS+4%
Fraud Detection Supervisor4,500 GHS-41%
Internal Bank Audit Manager10,000 GHS+31%
Internal Bank Auditor5,230 GHS-31%
International Banking Manager10,900 GHS+43%
Loan Analyst5,330 GHS-30%
Loan Area Manager6,660 GHS-13%
Loan Audit Team Leader6,240 GHS-18%
Loan Branch Manager6,070 GHS-20%
Loan Business Development Officer3,210 GHS-58%
Loan Clerk1,840 GHS-76%
Loan Collection Manager6,120 GHS-20%
Loan Collector1,780 GHS-77%
Loan Examiner2,330 GHS-69%
Loan Processing Manager5,660 GHS-26%
Loan Processor2,320 GHS-70%
Loan Quality Assurance Auditor5,660 GHS-26%
Loan Quality Assurance Manager6,190 GHS-19%
Loan Quality Assurance Representative4,050 GHS-47%
Loan Review Manager6,010 GHS-21%
Loan Team Leader5,270 GHS-31%
Mortgage Advisor3,560 GHS-53%
Mortgage Collection Manager6,510 GHS-15%
Mortgage Collector1,790 GHS-77%
Mortgage Credit Analyst2,850 GHS-63%
Mortgage Credit Manager5,890 GHS-23%
Mortgage Development Manager6,620 GHS-13%
Mortgage Document Reviewer2,450 GHS-68%
Mortgage Funding Manager7,140 GHS-6%
Mortgage Operations Manager9,630 GHS+26%
Mortgage Payment Processing Clerk2,090 GHS-73%
Mortgage Processing Manager6,200 GHS-19%
Mortgage Processor2,390 GHS-69%
Mortgage Quality Assurance Auditor5,310 GHS-30%
Mortgage Quality Assurance Manager5,970 GHS-22%
Mortgage Servicing Clerk1,820 GHS-76%
Mortgage Servicing Manager5,660 GHS-26%
Mortgage Underwriter2,190 GHS-71%
Online Banking Manager9,060 GHS+19%
Payment Processing Clerk1,810 GHS-76%
Personal Banker3,770 GHS-51%
Personal Banking Advisor 3,900 GHS-49%
Phone Banker2,640 GHS-65%
Private Banker4,010 GHS-47%
Reconciliation and Investigation Specialist4,240 GHS-44%
Teller1,790 GHS-77%
Trade Officer2,240 GHS-71%
Trade Product Manager6,300 GHS-17%
Trader2,590 GHS-66%
Treasury Operations Officer4,900 GHS-36%

Salary Comparison By City

CityAverage Salary
Accra7,940 GHS
Kumasi8,240 GHS

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Ghana earn 8% more than their private sector counterparts on average across all sectors.

Private Sector
4,860 GHS
Public Sector+8%
5,230 GHS
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for AML Analyst in Ghana?

A good and competitive compensation would range anywhere between 7,280 GHS and 8,390 GHS. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.

Base / Basic Salary

The base salary for AML Analyst in Ghana is ranges from 5,870 GHS to 8,390 GHS. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

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