Ghana is a country located along the golf of guinea and Atlantic ocean in the subregion of West Africa, spanning a land mass of 238,535 km (92,099 sq mm). Ghana is bordered by Ivory coast in the West Bukina Faso in the north. Ghana means warrior king.
Ghana main streams of income varies from cement , oil refining , construction and construction materials , food processing and food products, beverages and tobacco , textiles , apparel and footwear , pharmaceutical products, wood products, pulp paper products, chemicals , ceramic products, plastic and rubber products, electrical and electronic products , base metals : iron and steel, information technology ,
automobile manufacturing , and other manufacturing.
It is through this main industries we brought out the most profitable business and Money making ideas in Ghana.
We had to do a lot of research to come up with this list of profitable business ideas in
Ghana. I bet to let you know that, these business ideas when carefully practiced as I’ve explained below can seriously change your financial and business life.
Are you thinking of starting a business in Ghana? There are many types of businesses one can think of, from import and export to sale of mobile phones and offering professional services.
But while all businesses do fetch some profit, there are some that are more profitable than others, Such businesses do not even bother about economic crisis; they continue making more money even as the ceedes falls against the dollar.
Requirement for Doing Business in Ghana
Before you begin to go full venture into business, there are certain disciplines you should train yourself with. Among them are:
1. Your Financial Intelligence
Financial discipline among others is a key principle that is not thought in schools. The majority of those who really know it got that gift from their families. You need to have a sound financial management else you will fail in business. It’s a fact.
2. Quality Business Plan
It’s sad how most businesses startup without a business plan. What they don’t know they’re missing. A good business plan can open up all the opportunities that are available for your
It does more than just become a written document. A business plan can even tell you whether to really pursue an
idea or quit it.
All you need is a good business plan template like the one in the just mentioned link and you are good to go.
3. Good People Management
(Human Resource Management)
It is very unreal to start a business all alone and expect a bigger success than with a few people.
No matter how your idea is, you need a few, if not more people to be involved directly or indirectly.
Because of that, you need to know how to easily interact with people and get them to like both yourself and your business idea.
This is very important because if no one buys into your idea or appreciates who you are, you’d be left alone struggling in the
mud. Now, it’s your responsibility to go fishing for the right team that can skyrocket your business growth.
4. Your Personality
Two people can start the same type of business at the same time, with the same amount of resources.
At the end of a specific period of time, one would outgrow the other; definitely. That is when personality comes in. No two
people are the same in this world.
There are no two ways about that. What kind of personality have you developed or developing for yourself in the business world? Most great businessmen and women are born with gifts for business.
They know how to get along with their business for big profits. If you are one, you’ll understand. If you are not, you’ll need to train yourself, learn more, do more research and you’d get there.
Top 40+ List Of Profitable Business Opportunities And Money Making Ideas In Ghana.
1. Blogging (Internet Business)
This is first on my list of the profitable business ideas I want to talk about.
Blogging is not for everyone. But if it may be for you, just like any other internet business, I urge you to go into it.
Comparing the Ghana Ceedes to the
dollar which is increasing on a daily basis you can make a lot of profit from Google AdSense.
If the dollar is now 350naira as at the time of writing this article, any amount you make in dollars is four times your currency.
You determine how much you make by how smart and hard you work. This is seriously a very rewarding business. Startup capital required: Low.
Banking is a very profitable business anywhere in the world including Ghana.
I strongly believe that the banking system is making more than enough from the entire human race. Check out how banks create money from this link. It requires a lot of investment but it pays off in the end. Usually, it is best to start in the small towns and villages. Startup capital required: High.
Agriculture is wrongly practiced and perceived by most Ghanaians. They have been made to believe from childhood that farming is for poor people.
This is because, a majority of the farmers in
the country practice peasant farming – farming to feed their family only.
Meanwhile farming when done on a
large scale with the right methods can bring more profits than you can expect.
Don’t forget that the more you invest in a particular business, the higher the profit margin. If you have the interest in farming, I’d advise that you pursue it, and on a large scale be it plantation, poultry, livestock, vegetable or fish farming. Startup capital required: Medium to High.
Starting your own school may be quite difficult but a good step to financial freedom.
This business is more of having a solid brand, providing quality, service and having a good
management skill set. If you can really look after people’s kids well, I can assure you that you’d go into this and succeed.
Though the beginning may be a bit difficult if you lack some startup capital, I still urge you to start. You can do it. I believe that there is no mountain so big for man. Whatever you dream of, you can accomplish it. Startup capital required: Medium.
5. Become A Film Maker
Everyone who is in any kind of trade and even political parties need people who can help them attract target audience while telling creative stories via commercials.
If you are a creative person with a passion to produce and turn scripts into ad films, you can offer ad film-making services in Ghana.
6. Open A Comedy Club
In a survey conducted by an online doctor consultation platform namely Lybrate, it was
revealed that around 31% of working professionals suffer from worst stress in Ghana as a result of long work hours, tight deadlines, missing targets,
office politics etc
Given the facts brought forth by the study, it is evident that these stress affected people need strong doses of entertainment. You can provide them that while opening a comedy club provided you are emotionally intelligent.
7. Event Planner
Event management is comparatively a booming business opportunity in a country like Ghana where fast-paced lifestyle has made it imperative for people to hire event planners for organising and handling events like weddings, conferences, ceremonies etc taking place all year round.
8. Open A Massage Spa
It is an open fact that where there is a stressful life, there are 101% chances for massage spas to flourish and Ghana, as we know, is no exception. If you are a massage therapist, you might want to open a massage spa business in Ghana.
In case, you are not a massage therapist, however, if you would like to be one then you must earn a massage therapy diploma from an institute
9. Massage Therapist
You may get the feeling that as a massage therapist you are better suited for a job rather starting your own massage spa. In that case, be informed that there is a huge deficit in the supply of massage therapists in local spas of Ghana.
10. Hair Salon
Hair salon, a low cost service related business, if located in a right place will never counter the slump in terms of demand in Ghana.
However, make sure that you offer pocket-friendly haircut and styling services.
11. Open A Beauty Salon
Even a beauty salon in Ghana or anywhere else in the world is worth opening since more and more men are taking interest in getting groomed by beauticians working in beauty salons.
12. Home Beautician
You need not be worried if you aren’t in a condition or just feel it is daunting to open a
beauty salon as women particularly those who live a busy are increasingly preferring beauticians who can provide beauty related services at their
13. Recruitment Firm
With thousands of freshers in a bid to make a living searching for jobs in ghana and already working people looking to switch to other companies for a better career, you can consider starting a recruitment consultancy firm in Ghana.
14. Sell Used Books
Even selling used books to students, especially those who bother too much about saving money, near educational institutions is a good business opportunites in Ghana.
15. Bead Making
This is just one of the numerous skills you can acquire with little or no difficulty. Many of us even have relatives and friends that already have the skill. The cost of making a bead necklace might go for as low as #300 and you can sell this for as much as #1000. That’s 70% revenue. Just think about it.
16. Sports Center
The number of sports fans in Ghana just keeps increasing by the day. You have a fallow piece of land in your area that is free for use? There are many youths passionate about sports in that area, and there is no sport viewing centre? That’s an opportunity. Take it. Sport viewing center is one of the best business ideas in Ghana.
17. Petty Trading
Very likely there are many persons doing that around the place you stay. But competitions
only arise when you are doing the same thing others are doing. Look around, is there something they are not selling or you think they sell but you can improve the packaging? Go for it. It might be provisions, clothes, electronics
18. Phone Repairs
This is a wonderful opportunity to delve into people’s ignorance. I must tell you, that phone repairers are making it in Ghana. Learn phone repairs and make a fortune.
19. Barbing Saloon
This is one more profitable small scale business in Ghana. The beautiful thing about running a male or female saloon is that what you spend most times is just the skill.
The starting capital to get the equipments is the basic cash you may need to spend, unless you want to service them of course, or need fuel for cases of power outage.
This is equally a skill you can learn and use it to get yourself paid well. All you need is a
camera, sometimes a studio and the necessary skill, and you are good to go.