Home > Salary > Ghana > Retail Store Owner
A retail store owner is responsible for the overall management and operations of a retail establishment. They are in charge of overseeing all aspects of the business, including inventory management, sales, customer service, marketing, and staff supervision. Retail store owners are involved in selecting and purchasing products to sell, setting prices, and ensuring that the store is well-stocked and visually appealing. They also handle financial tasks such as budgeting, accounting, and payroll. Building and maintaining relationships with suppliers, negotiating contracts, and staying updated on market trends are also part of their responsibilities. A successful retail store owner needs to have strong leadership skills, excellent communication and customer service abilities, and a good understanding of the target market. They should also possess strong organizational and problem-solving skills to effectively manage all aspects of the business.
Estimated Yearly Salary: 42,015 GHS
Estimated Monthly Salary: 3,501 GHS
Estimated Weekly Salary: 808 GHS per week
Estimated Hourly Salary: 20 GHS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 3,395 GHS
Estimated Weekly Salary: 783 GHS per week
Estimated Hourly Salary: 20 GHS per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 3,525 USD
Estimated Monthly Salary: 294 USD
Estimated Weekly Salary: 68 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: 42,015 GHS
Estimated Monthly Salary: 3,501 GHS
Estimated Weekly Salary: 808 GHS per week
Estimated Hourly Salary: 20 GHS per hour
By working as Retail Store Owner a person can save up to 154 USD per month or 1,845 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 Retail Store Owner
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Real estate appraisal apprentice (25,285 GHS per year, pre-tax.)
Executive pastry chef (43,904 GHS per year, pre-tax.)
Senior procurement manager (79,968 GHS per year, pre-tax.)
Orthopedic cast technician (22,860 GHS per year, pre-tax.)
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Retail Store Owner salary in Ghana
Average Yearly Salary of Retail Store Owner in Ghana is approximately 42,015 GHS (3,525 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 Retail Store Owner do?
A retail store owner is responsible for the overall management and operations of a retail establishment. They are in charge of overseeing all aspects of the business, including inventory management, sales, customer service, marketing, and staff supervision. Retail store owners are involved in selecting and purchasing products to sell, setting prices, and ensuring that the store is well-stocked and visually appealing. They also handle financial tasks such as budgeting, accounting, and payroll. Building and maintaining relationships with suppliers, negotiating contracts, and staying updated on market trends are also part of their responsibilities. A successful retail store owner needs to have strong leadership skills, excellent communication and customer service abilities, and a good understanding of the target market. They should also possess strong organizational and problem-solving skills to effectively manage all aspects of the business.
Skills: Retail management, Inventory management, Customer service, Marketing, Staff supervision, Financial management
Job industry: Retail
Job industry: Retail
How much does Retail Store Owner make?
Salary details
How much does Retail Store Owner make?Estimated Yearly Salary: 42,015 GHS
Estimated Monthly Salary: 3,501 GHS
Estimated Weekly Salary: 808 GHS per week
Estimated Hourly Salary: 20 GHS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 40,740 GHSEstimated Monthly Salary: 3,395 GHS
Estimated Weekly Salary: 783 GHS per week
Estimated Hourly Salary: 20 GHS per hour
Last revision of data: 2024-01-03Retail Store Owner estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,525 USD
Estimated Monthly Salary: 294 USD
Estimated Weekly Salary: 68 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
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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 Retail Store Owner job salary compared to average salary in Ghana.
Comparison shows that a person working as Retail Store Owner in Ghana earns on average:
1.07 times the average salary (or 107% of average salary).
Estimated national average yearly salary is 39,200 GHS (3,500 USD). Value indicated is pre-tax. Below graph shows estimated Retail Store Owner job salary compared to average salary in Ghana.
Comparison shows that a person working as Retail Store Owner in Ghana earns on average:
1.07 times the average salary (or 107% of average salary).
Is Retail Store Owner a well paid job?
Yes, our data show that Retail Store Owner is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Retail Store Owner?
High salary for Retail Store Owner would be somewhere between 46,217 GHS and 60,922 GHS. However this is an estimation based on Gaussian Distribution.How much can you save working as Retail Store Owner 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: 42,015 GHS
Estimated Monthly Salary: 3,501 GHS
Estimated Weekly Salary: 808 GHS per week
Estimated Hourly Salary: 20 GHS per hour
By working as Retail Store Owner a person can save up to 154 USD per month or 1,845 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 Retail Store Owner
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:
Real estate appraisal apprentice (25,285 GHS per year, pre-tax.)
Executive pastry chef (43,904 GHS per year, pre-tax.)
Senior procurement manager (79,968 GHS per year, pre-tax.)
Orthopedic cast technician (22,860 GHS per year, pre-tax.)
Environmental health officer (38,794 GHS per year, pre-tax.)
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