Home > Salary > Ghana > Small Business Owner
A small business owner is an individual who operates and manages a business on a small scale. They are responsible for all aspects of the business, including planning, organizing, and overseeing daily operations. This occupation requires a diverse skill set as small business owners often wear multiple hats and handle various tasks such as marketing, finance, human resources, and customer service. They must possess strong leadership and decision-making skills to effectively manage their team and make strategic business decisions. Small business owners must also be adaptable and able to navigate challenges and uncertainties that arise in the dynamic business environment. Overall, this occupation demands a high level of dedication, hard work, and entrepreneurial spirit.
Estimated Yearly Salary: 50,845 GHS
Estimated Monthly Salary: 4,237 GHS
Estimated Weekly Salary: 978 GHS per week
Estimated Hourly Salary: 24 GHS per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 4,082 GHS
Estimated Weekly Salary: 942 GHS per week
Estimated Hourly Salary: 24 GHS per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 4,220 USD
Estimated Monthly Salary: 352 USD
Estimated Weekly Salary: 81 USD per week
Estimated Hourly Salary: 2 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: 50,845 GHS
Estimated Monthly Salary: 4,237 GHS
Estimated Weekly Salary: 978 GHS per week
Estimated Hourly Salary: 24 GHS per hour
By working as Small Business Owner a person can save up to 212 USD per month or 2,540 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 Small Business Owner
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Substance abuse social worker (34,104 GHS per year, pre-tax.)
Sr. research engineer acoustics (89,724 GHS per year, pre-tax.)
Physical therapist director (70,956 GHS per year, pre-tax.)
Student advisor (26,324 GHS per year, pre-tax.)
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Small Business Owner salary in Ghana
Average Yearly Salary of Small Business Owner in Ghana is approximately 50,845 GHS (4,220 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 Small Business Owner do?
A small business owner is an individual who operates and manages a business on a small scale. They are responsible for all aspects of the business, including planning, organizing, and overseeing daily operations. This occupation requires a diverse skill set as small business owners often wear multiple hats and handle various tasks such as marketing, finance, human resources, and customer service. They must possess strong leadership and decision-making skills to effectively manage their team and make strategic business decisions. Small business owners must also be adaptable and able to navigate challenges and uncertainties that arise in the dynamic business environment. Overall, this occupation demands a high level of dedication, hard work, and entrepreneurial spirit.
Skills: Small Business Owner, Entrepreneur, Manager, Leadership, Decision-making, Adaptability
Job industry: Entrepreneurship
Job industry: Entrepreneurship
How much does Small Business Owner make?
Salary details
How much does Small Business Owner make?Estimated Yearly Salary: 50,845 GHS
Estimated Monthly Salary: 4,237 GHS
Estimated Weekly Salary: 978 GHS per week
Estimated Hourly Salary: 24 GHS per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 48,984 GHSEstimated Monthly Salary: 4,082 GHS
Estimated Weekly Salary: 942 GHS per week
Estimated Hourly Salary: 24 GHS per hour
Last revision of data: 2024-01-02Small Business Owner estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 4,220 USD
Estimated Monthly Salary: 352 USD
Estimated Weekly Salary: 81 USD per week
Estimated Hourly Salary: 2 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
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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 Small Business Owner job salary compared to average salary in Ghana.
Comparison shows that a person working as Small Business Owner in Ghana earns on average:
1.3 times the average salary (or 130% of average salary).
Estimated national average yearly salary is 39,200 GHS (3,500 USD). Value indicated is pre-tax. Below graph shows estimated Small Business Owner job salary compared to average salary in Ghana.
Comparison shows that a person working as Small Business Owner in Ghana earns on average:
1.3 times the average salary (or 130% of average salary).
Is Small Business Owner a well paid job?
Yes, our data shows that Small Business Owner 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 Small Business Owner?
High salary for Small Business Owner would be somewhere between 55,930 GHS and 73,725 GHS. However this is an estimation based on Gaussian Distribution.How much can you save working as Small Business 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: 50,845 GHS
Estimated Monthly Salary: 4,237 GHS
Estimated Weekly Salary: 978 GHS per week
Estimated Hourly Salary: 24 GHS per hour
By working as Small Business Owner a person can save up to 212 USD per month or 2,540 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 Small Business 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:
Substance abuse social worker (34,104 GHS per year, pre-tax.)
Sr. research engineer acoustics (89,724 GHS per year, pre-tax.)
Physical therapist director (70,956 GHS per year, pre-tax.)
Student advisor (26,324 GHS per year, pre-tax.)
Brand analyst (40,768 GHS per year, pre-tax.)
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