Your business planning begins with an idea and that is one of the things we know how to give best on this site – ideas and plenty of them.
Are you thinking about starting a business in Ghana but don’t know where to start from or which business to invest your money into to make profit? Here are the top 20 most profitable small business opportunities in Ghana you can invest your money if you think you are good at managing business.
This list of business ideas in Ghana is made up of authentic business ideas, not just some randomly selected junk businesses, they are time tested, carefully selected, high performing businesses you can stake your hard earned capital on and be sure of making profit.
These businesses are up to date and relevant in These days and beyond. But before we proceed, We want us to look at some of the vital reasons you must start a business in Ghana today.
Why You Must Start A Business In Ghana
Now The reasons why Ghanaians are fleeing their own land that is flowing with milk and honey to scavenge in another lands that does not have half of the opportunities we have here is simply difficult to explain.
Why would Ghanaians leave the massive business opportunities in their land and choose to travel far and wide to slave,leaving the wealth back home for Americans, Lebanese, Indians, Chinese, to plunder?
Most of the current fastest growing businesses and companies in Ghana are owned by the foreigners. We want the equation to change, go through the articles below, you will see why Ghana is the Africa’s testing ground for business and begin to take the opportunity.
Now that you are ready to go, Read on any of the business ideas and further read the details about the particular business of interest. And in case you need additional help, you can drop your question or comment under this article for further expatiation.
List Of Top 20 Most Profitable Small Business Opportunities In Ghana
This is the next revolutionary industry in Ghana where millionaires are currently being made. Ghanaians both home and oversea are beginning to wake up to the huge potentials in Agribusiness, a sector we have been neglecting over the years due to the discovery of oil.
Now that the oil is drying up, people are beginning to look into other sectors of the economy to create wealth.
Below are some of the farming in Ghana that are seriously making profit for people now:-
This business is making average Ghanaians rich. It is so lucrative that even outsiders are coming in to invest in poultry farming the business in Ghana.
And why not, In a country that is populated, what would you expect?
If you start with 1,000 birds and manage your poultry farm properly, when the turnover on investment begins to come, you will be making millions annually.
People are beginning to turn their attention to this aspect of farming in Ghana that have been neglected for years.
Cassava derived foods are some of the most consumed in Ghana. If you can invest in cultivating 50 – 100 Acre in a fertile area, your harvest will be great.
Snail farming is one of the choice Animal farming for many reasons. It is a low capital investment with high yield and the market is big.
There are few people currently doing this –and most of them are doing it in a very low scale. If someone invest heavily in Snail farming, he or she is sure to make good money in Millions within a year.
Rice remains the most consumed food staple in Ghana and Billions of dollars goes into importation of this product yearly from China and Thailand because the local farmer are unable to meet up the demand due to poor funding and limited knowledge.
2. Sale of Furniture
Buying and selling of Locally made furniture is a goldmine. You don’t need to be a carpenter to do this, just arrange for regular supply from reliable Carpenters while you display and sale in your showroom. It is a very big business in Ghana as only few can afford the imported designers.
3. Making of Fruit Juice
Ghanaians drink fruit juice more than any other people. Most of these Fruit Juice Companies today are making billions annually.
This business is capital intensive but if you can afford it, it’s well worth it.
4. Sachet Water Production
You know how popular this is in Nigeria and how many that are dispensed daily. Though this business is capital intensive but well worth investing into, especially if you can manage it properly with professionalism.
5. Oil and Gas Business
Oil and Gas In Ghana provides some of finest profitable small business opportunities for Ghanaians and Foreigners.
Owning a Petrol Filling Station,Supplying of Diesel , and Distribution of Kerosene are some the areas you can invest easily and make good money for yourself.
Petroleum product marketing have been making millions for people and creating millionaires in Ghana for years.
6. Haulage Services
The cost of taking a truck from one place to the other in Ghana varies but profits is involved.
Due to poor rail transport system, most of the Ghanaian goods are transported through the road, making haulage business in Ghana amiable one.
Petroleum products haulage and movement of goods from manufacturers and importers are the aspect of haulage in Ghana that is very lucrative now.
7. Hotel Business
This is probably the coolest money making opportunity in Ghana. Invest in small scale hotel of just 10 suites and watch as the money flows in.
This has nothing to do with tourism boom of any kind; there is just something in Ghanaians system that make this business very lucrative –Ghanaians are jolly people!
8. Fast Food Eatery
Eatery business is another goldmine though poor management can kill it! If you wish to go into this business, be sure to get everything right and don’t forget it’s a bit capital intensive and requires good management skills. But if you get everything right, free money is yours.
9. Importation Of Second Hand Spare Parts
If you are in USA, Germany, or Denmark, this business is especially good for you. Don’t just keep importing exotic cars, gather second spare parts in containers and ship it down to Ghana. There is huge market for used(tokunbo) spare parts in Ghana.
10. Investing in Property
Property appreciate everyday in Ghana. Right now, Ghana is one the countries in the world where landed property is most expensive. If you buy land now any where in Ghana, you are sure to make 100% profit within two years. You can buy and quickly resell and make profit. Or you buy keep and sell later.
11. Dry Cleaning
Professional dry cleaners at affordable prices are scarce in Ghana. What we have are professional Dry Cleaners whose service fees are extremely high or mediocre dry cleaners who can never keep with time. Give them cloths today and meet it unwashed after one week.
This business is a money maker if you balance it up.
12. Professional Car Wash
This business is good if you can set it up in a strategic location in a place where there are good number of cars.
13. Sales Of Building Materials
The rate at which new houses are springing up in Ghana, you get to wonder why many people still complain of housing problem.
Investing in building material is a good business in Ghana. We can count some guys who are making millions almost daily in this business.
14. Transport Business
What we have in this sector of the economy is transport companies badly managed by local chiefs and touts. Invest in this business with good management and you will be wondering what hits you with bags of money.
15. School Business
School business has no rival among it’s mate. School business in any level is a serious business in Ghana that generate millions.
16. Exporting Of Raw Materials
There is no better way to grow the economy than to exporting some of the raw materials that are abundant in the country.
17. Online Advertising Agency
As the Ghana’s online presence keeps increasing, so is its advertisers. Thousands of businesses in Ghana are taking their business online to leverage the massive community of Ghanaian internet users and market their products. This influx has created another business opportunity in Ghana for savvy digital marketing experts. You too can setup your own online advertising agency in Ghana today and make millions.
18. Fashion Business
Ghanaian people are probably some of the trendiest people in the world. Fashion designers are becoming millionaires on daily basis in Ghana, thanks to the revolution in the Ghanaian Fashion business.
19. Media And Entertainment Business
Ghana is one of the capital of entertainment in Africa? You also know that Ghana is one of the highest consumers of media content in Africa? Now you can see how viable and lucrative media and entertainment can be in Ghana.
20. Investing In Internet Companies
This is a new crop of investment opportunity that is creating Billionaires around the world including Ghana. It is simple.
You don’t have to be a Tech person, look for a creative online tech startup with good ideas and invest. Within 1 to 2 years you will be counting your profits in millions.
Our number one goal has been to share business ideas freely and encourage fellow Ghanaians to start business of their own.
This investment plan is designed for those who really knows how to take advantage of a new opportunity.
Don’t let the money sit in the bank for nothing.
Extra: Used Items Sells Well In Ghanaian market. People prefer to buy used items that are high quality than buy fakes. The cost of buying and importing used cloths is low compared to the prices in the market here in Ghana. This will guarantee good turn over on your investment.
The most important thing is that you do something with your money.
Pick one of these businesses and start today. Keeping your money in the bank where they will use it for business and give you nothing is not wise. Take enough time to browse around this website. You will see hundreds of other lucrative business in Ghana to invest your money into.
Thousands of Ghanaians both home and abroad are now reaping the rewards of investing in their own country through the information they found on Crystago Inc. You too can!