Average Loss Prevention Specialist Salary in Kumasi, Ghana for 2026

In this article, we will look at the average Loss Prevention Specialist salary for 2026 in Kumasi and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Ghanaian cedi. To keep things simple, we are using the GHS currency code instead of the currency symbol .

How Much Does a Loss Prevention Specialist Make in Kumasi?

A Loss Prevention Specialist working in Kumasi will typically earn around 70,840 GHS per year, and this can range from the lowest average salary of about 34,240 GHS to the highest average salary of 113,740 GHS.

Average Annual Salary70,840 GHS
Average Monthly Salary5,903 GHS
Average Lowest Salary34,240 GHS
Lowest Monthly Salary2,853 GHS
Average Highest Salary113,740 GHS
Highest Monthly Salary9,478 GHS

These are average salaries for a Loss Prevention Specialist in Kumasi and include benefits such as housing and transport. It's also possible for a Loss Prevention Specialist to earn more or less than the average salaries shown above.

Loss Prevention Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Loss Prevention Specialist Salaries in Kumasi

So we've looked at the average salaries a Loss Prevention Specialist will earn in Kumasi. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Loss Prevention Specialist can earn between 34,240 GHS and 113,740 GHS on average in Kumasi. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Loss Prevention Specialist in Kumasi is 79,600 GHS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 79,600 GHS, and 50% of the population earn more than 79,600 GHS.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Loss Prevention Specialist salary in Kumasi, 25% of the population are earning less than 50,240 GHS while 75% of the population earn more than 50,240 GHS.

75% of the population earn less than 103,260 GHS, and 25% of the population earn more than 103,260 GHS.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Loss Prevention Specialist Salary by Experience Level in Kumasi

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Loss Prevention Specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Loss Prevention Specialist in Kumasi that has less than two years of experience can expect to earn somewhere in the region of 37,380 GHS.
  • 2 - 5 Years Experience. With two to five years of experience the average Loss Prevention Specialist salary would increase to 49,200 GHS.
  • 5 - 10 Years Experience. From five to ten years of experience as a Loss Prevention Specialist, the average salary would be 73,020 GHS.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 89,340 GHS.
  • 15 - 20 Years Experience. A Loss Prevention Specialist with 15 to 20 years of experience can earn an average of 97,300 GHS.
  • 20+ Years Experience. For a Loss Prevention Specialist with more than 20 years, the expected average salary increases to 106,360 GHS.

Average Salary by Experience Chart

0-2 Years-
37,380 GHS
2-5 Years+34%
49,200 GHS
5-10 Years+48%
73,020 GHS
10-15 Years+22%
89,340 GHS
15-20 Years+9%
97,300 GHS
20+ Years+8%
106,360 GHS

Loss Prevention Specialist Salary by Education Level in Kumasi

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Loss Prevention Specialist in Kumasi based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Loss Prevention Specialist in Kumasi with a bachelor's degree education can earn an average salary of 43,520 GHS.
  • Master's Degree. A Loss Prevention Specialist in Kumasi with a master's degree education can earn an average salary of 85,020 GHS.

Average Salary by Education Chart

Bachelor's Degree-
43,520 GHS
Master's Degree+93%
85,020 GHS

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Ghana is around 25,300 to 76,000 GHS and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Loss Prevention Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Kumasi, a male loss prevention specialist will earn an average of 69,580 GHS, while a female loss prevention specialist will earn around 60,340 GHS.

This means that a male loss prevention specialist earns approximately 15% more than a female loss prevention specialist for performing the same job.

Average Salary by Gender Chart in Kumasi

Male-
69,580 GHS
Female-15%
60,340 GHS

Loss Prevention Specialist Average Pay Raise in Kumasi

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Loss Prevention Specialist in Kumasi is around 11% every 20 months.

The national average pay raise across all professions and industries in Ghana is around 8% every 19 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 20 ) × 12  = 7%

What this means is that a Loss Prevention Specialist in Kumasi can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Kumasi for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Ghana.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking-
1%
Energy-
2%
Information Technology-
3%
Healthcare-
4%
Travel-
5%
Construction-
6%
Education-
7%

Loss Prevention Specialist Bonus and Incentive Rates in Kumasi

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Loss Prevention Specialist is a moderate bonus based job, with 56% of employees reporting at least one bonus in the last 12 months.

44% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus-
56%
No Bonus-
44%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Ghana earn approximately 8% more than private sector employees in the same role.

Public Sector-
62,460 GHS
Private Sector-8%
57,620 GHS

Salaries for Jobs Similar to a Loss Prevention Specialist

In the table below, we have salary information for jobs that are similar to a Loss Prevention Specialist in Kumasi.

Job TitleCategorySalary
Actuarial AnalystInsurance75,220 GHS
Actuarial AssistantInsurance59,380 GHS
Actuarial SpecialistInsurance56,640 GHS
ActuaryInsurance73,820 GHS
Adjustment Insurance ClerkInsurance21,640 GHS
Assistant BrokerInsurance39,960 GHS
Assistant Claims ManagerInsurance62,100 GHS
Associate Insurance RepresentativeInsurance30,700 GHS
Auditing Insurance ManagerInsurance82,720 GHS
BrokerInsurance59,380 GHS
Claim Advocacy ProfessionalInsurance61,180 GHS
Claims AdjusterInsurance21,980 GHS
Claims AnalystInsurance29,600 GHS
Claims ExaminerInsurance31,400 GHS
Claims ManagerInsurance82,200 GHS
Claims ProcessorInsurance21,020 GHS
Claims RepresentativeInsurance27,040 GHS
Claims Resolution SpecialistInsurance64,040 GHS
Claims SupervisorInsurance60,880 GHS
Complaints SpecialistInsurance56,140 GHS
Compliance ExaminerInsurance52,820 GHS
Compliance OfficerInsurance48,740 GHS
Compliance ReviewerInsurance56,460 GHS
ConsultantInsurance58,200 GHS
Eligibility InterviewerInsurance62,460 GHS
Eligibility SpecialistInsurance60,020 GHS
Insurance Account ManagerInsurance72,420 GHS
Insurance Accounts ExecutiveInsurance67,560 GHS
Insurance AdjusterInsurance58,200 GHS
Insurance AgentInsurance32,420 GHS
Insurance AnalystInsurance59,000 GHS
Insurance AppraiserInsurance56,460 GHS
Insurance Claims ClerkInsurance21,380 GHS
Insurance ExaminerInsurance54,500 GHS
Insurance InvestigatorInsurance55,580 GHS
Insurance ManagerInsurance99,460 GHS
Insurance Operations ManagerInsurance97,300 GHS
Insurance Policy Processing ClerkInsurance19,940 GHS
Insurance Pricing AssistantInsurance47,720 GHS
Insurance Program ManagerInsurance77,060 GHS
Insurance Project ManagerInsurance70,880 GHS
Insurance Quality Assurance AgentInsurance48,300 GHS
Insurance Sales AgentInsurance33,520 GHS
Insurance Sales DirectorInsurance98,120 GHS
Insurance Sales ManagerInsurance78,940 GHS
Insurance Sales RepresentativeInsurance29,320 GHS
Insurance Team LeaderInsurance61,400 GHS
Insurance UnderwriterInsurance45,600 GHS
Loss Control SpecialistInsurance54,560 GHS
Loss Prevention InvestigatorInsurance58,000 GHS
Loss Prevention ManagerInsurance82,200 GHS
Marine UnderwriterInsurance47,540 GHS
Medical AuditorInsurance57,440 GHS
Monitoring and Performance OfficerInsurance40,640 GHS
Payment Services SpecialistInsurance56,460 GHS
Policy Change DirectorInsurance92,400 GHS
Policy Change SupervisorInsurance60,600 GHS
Policy Change TechnicianInsurance29,040 GHS
Risk AnalystInsurance66,260 GHS
Risk Management DirectorInsurance114,900 GHS
Risk Management SupervisorInsurance73,260 GHS
Risk ManagerInsurance104,920 GHS
Risk Modeling ManagerInsurance115,520 GHS
Title Insurance TypistInsurance49,700 GHS
Training ManagerInsurance66,180 GHS

Salary Comparison by City

If you want to compare salaries with different cities in Ghana, you can use the links below to explore the data for each specific city we have researched.

CityAverage Salary
Accra69,580 GHS

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