- African Business
- Nigeria Business
- Online Business
Top 67 Small Business Ideas In Ghana
Small Business Ideas in Ghana
Are you looking to start a business as a Ghanaian or as a foreigner who just moved to Ghana and you are short of ideas? Want to have ideas for businesses you can start with low capital in Ghana? If yes, then this post is for you.
Ghana, being one of the fastest-developing countries in West Africa, is a very ideal place where almost any business will thrive.
First, is peace of mind, as Ghana is classified as one of the most peaceful countries in Africa.
In addition, the fast-growing economy in Ghana can accommodate any business as long as it has a solid foundation and quality ideas.
For most African countries, including Ghana, getting a job is no easy task; you either become your boss or get employed to earn peanuts.
So, most people are more interested in controlling their businesses without minding the size.
That aside, let’s move on to the main bone of contention: what businesses can you start up with low capital?
To answer this question, which has been on the lips of many awaiting genuine answers, we put up this post to address it.
Here in this post, we did be looking at 50 small business ideas that you can take up in 2023. Most of these businesses require only a little capital to start.
Plus, you can earn a passive income or profit or even expand to become a known brand. All you need is concentration, finance, devotion, and most importantly, the best strategies.
10 Good Reasons why you should consider doing your business in Ghana
1. Peaceful and Business-Friendly Environment: Ghana was ranked among the Top 10 most peaceful African countries by the Global Peace Index as of 2020.
This is a good indicator that Ghana is a good place for future investments. Also, a business-friendly environment because Ghanaians also appreciate foreigners who want to start a business in their country and welcome them with a friendly gesture.
2. Good Road Networks: Most road networks that lead from one city to another in Ghana are well-structured and allow the easy movement of vehicles and people running their various day-to-day businesses with ease.
3. The presence of skilled workers: Ghanaian Government has now understood the need to have a proper educational background. They have also planned an annual budget to build more educational institutions to help increase skilled workers in various economic sectors, which will boost their country’s country economy.
4. Adequate/Stable Electricity : This is also one of the main reasons why foreign investors prefer to set up their businesses compared to other neighboring West African countries like Nigeria, Ivory Coast, and The Gambia. Ghana can boast of a steady power supply.
5. High production of Cocoa: Ghana is also known as of the African countries that produce high-quality cocoa. It is the 2nd largest producer of cocoa in the World.
6. Expanding Stock Market: The Ghana Stock Exchange (GSE) is the 5th largest on the continent of Africa and the 3rd largest in Sub-Saharan Africa, with a market capitalization of GHC 57.2 billion in 2012.
7. Rural-Urban immigration rate: As they are an annual and fast increase in Ghana’s population, the tendency of people to move from rural to the urban environment will be very high because Ghanaians want to look for better job, launch their startup, and live a better life so this is why you need to start your business in Ghana without hesitation.
8. Ease of doing business: Ghana is one of the easiest African countries to do business.
Ease of doing business report 2019 awarded Ghana as the best place for doing business in West Africa.
9. International Trade Bodies: Ghana is among the member of the World Trade Organization (WTO), the African Union, the Economic Community of West African States (ECOWAS), the Group of 24(G24), and the Commonwealth of Nations.
Challenges Associated With Doing Business In Ghana
Ghana is one of the fastest-growing economies in west Africa. The numbers have increased, and the Ghanaian currency remains weighty.
However, despite all this, many Ghanaians still find it very difficult to run their businesses successfully.
Many who started not too long ago have either closed down or are operating on low capital with very low returns.
These problems listed below are challenges facing Ghana’s economy and have plunged many citizens into penury.
1. High Standard of Living: In most developing countries like Ghana, the high cost of living tends to be increased because of the excellent and stable amenities it offers, such as power supply and good infrastructure to meet national demands.
2. Unfair competition in markets: Due to the cheap imported products from China to the Ghanaian market, which has reduced the production of local industries that have already been existing.
3. High cost of credits: Most financial institutions in Ghana find it more accommodating and risk-free to lend money to the government rather than to normal Small and Medium Enterprises.
Ghana is noted to have one of the highest interest rates in the world, with commercial banks charging almost 30% per year and micro-finance institutions charging more than 70% per year.
There are no or few credit facilities to help entrepreneurs establish their businesses properly.
4. Low Capital Investment
Many Ghanaians don’t have enough capital to run their businesses the way they ought to, and as such, their new businesses sometimes find it very difficult to stand the test of time.
5. Poor Government policies
In every society, government policy may either hinder or aid the progress of the economy.
In the case of Ghanaians, there are both positive and negative aspects.
Some government policies are not always favorable to businesses.
6. High inflation rate
The cost of things in Ghana has in the last 3 years risen by a minimum of 20%. This has negative effects on new and existing businesses.
Top 67 Small Business Ideas in Ghana
1. Real Estate Agents
Real estate is no doubt the most sought-after business in our world today. Hence, the profits that can be gotten are huge.
For you to tap into the wealth of real estate with little income, you become an agent, where you help people source for available properties, play the middleman role, and also manage or caretake properties for different landlords.
If you are living in big cities like Accra, Kumasi, or Tema, this is a business for you to do, as real estate is massively growing in those areas.
However, before you start the business, you need a certain level of knowledge.
You can acquire this knowledge by learning from experienced agents or attending real estate seminars or conferences.
2. Poultry farming
Poultry farming is a lucrative venture anywhere in the world, and Ghana isn’t exclusive.
It’s one of the few businesses that can easily earn massive proceeds in just a matter of months.
Firstly, chicken and turkey are important meats, especially during festive periods like Christmas and the New Year, when they are always in high demand and expensive as well.
You did make huge profits from sales and supplies.
Additionally, eggs are another product gotten from poultry.
Eggs are widely consumed by all and sundry.
Rearing an egg-laying breed of chicken (layers) is an additional source of proceeds, as is selling them when they are mature enough.
An average layer may lay up to 2 eggs per day, times the number of ones you rear. That’s huge profits!
Considering the cost of starting and running a poultry farm, it’s still twice as profitable.
Just get the knowledge and invest the money!
Do you own or can you drive a car? If yes, then you have a fortune before you.
Driving is a very lucrative venture, even though some people doubt it.
Doubt it or believe it, drivers are making lots of money in Ghana, especially in big cities where population and transport costs are high.
Additionally, the advancement in technology has also brought about the existence of companies like Uber and Bolt, where people order rides with their mobile phones.
The opportunities are just too many. On these platforms, you can work at your convenience, as you get to choose your working schedule.
4. Driving School
If you have a car of your own, can you teach other people how to drive? You can start this business, and it can earn you plenty of money.
All you have to do is approach the appropriate government agency to get your business registered.
After you have successfully registered as a certified driving school, You can now proceed to advertise your driving school.
How you can promote the business include billboards, posters, sharing business cards, and also owning social media platforms. You can even own
5. Dry cleaning
Starting this business can be very profitable, especially in Accra, Kumasi, and other major Ghanaian cities.
Nowadays, work consumes so much of people’s time that they seldom have time to do their laundry or clean their surroundings.
That’s exactly where you, the dry cleaner, come in.
Most importantly, you don’t need much money to start this business.
6. Fish farming
This a business for all, because of how simple it is to run.
Additionally, setting it up won’t cost you much.
The raising and production of fish of various sorts are the focus of the lucrative agricultural field known as “fish farming.”
A fish farm can quickly expand from 500 fish to 50,000 fish with consistency over a few months.
This is because fish farms quickly expand since fishes give birth in large numbers at once.
You can sell them to several neighboring African countries where fish output is rather poor, in addition to supplying retailers and consumers.
Fish is as well used as a raw ingredient in a variety of food sectors.
7. Event Planning
Many people today lack the time necessary to organize their events.
To assist them in arranging their weddings, marriages, birthdays, matriculations, convocations, naming ceremonies, and other events, they pay event planners.
They did ask you to help them arrange everything, including the menu, the setting, the venue, and the flow of the events.
As a result, you’ll handle everything yourself and receive reasonable compensation for your labor.
8. Fashion Design
Due to the many diverse types of fashion being introduced around the world, the fashion design sector is expanding dramatically in Ghana.
You have to create new styles and fashions as a fashion designer by tailoring various outfits.
There is more to fashion design than just getting started.
Before starting your career, it’s advisable to first learn from someone who is already established in that sector.
9. Food Canteen
If you have nice cooking skills, setting up your food restaurant can be another lucrative source of earnings.
You don’t need to start big; you can start as a roadside food canteen.
As we all know, food is a necessity for everybody, so the demand for cooked food is very high, in as much as your cooking skill os good.
People will make your canteen their go-to spot when they are hungry.
Photography is a skillset business that’s very profitable today.
Though not everyone can do this unless they possess photographic skills, Nonetheless, it’s learnable within a short time.
Today, photography has extended beyond just taking people’s pictures and passport photographs.
Photographers have now become videographers too, taking videos of different events.
Skilled photographers are scarce, and as such, demand is very high.
Hence, it is a very lucrative venture for people looking for means to earn an honest living.
The cost of setting up is minimal too.
11. Travel Agency
With way people, Ghanaians are migrating to Europe and America for education, greener pastures, and vacations.
A travel agency is an ideal business for you to milk from the money circulation in the travel industry.
Before you can set up a travel agency of your own and start helping people obtain travel documents and disseminate travel information.
You need a certain level of training to get started.
You can get trained by attending seminars, learning from a pro in the industry, or becoming a middleman at first.
12. Rental Services
Things you can rent out may include graduation and matriculation gowns for school matriculation and graduation; canopies, chairs, and tables for outdoor open space ceremonies; water tanks for events; and building construction. and many more.
Though the cost of setting up is a bit high, it’s still a small business that can fetch you some cool cash.
Events are being held almost every day across the country.
Plus, it’s an untapped business that is yet to be saturated.
If you can get a small delivery vehicle to deliver the rented items to the needed destination, that would be awesome, but if you don’t have enough capital for that, you can still start small.
13. Makeup Artist
Makeup is among the most lucrative small business concepts in Ghana.
When they go out, women frequently desire to seem stylish and adorable.
Despite some of them not being experts, a lot of ladies apply their makeup.
You can partner with salons and other beauty establishments as a makeup artist to provide your services all over the city.
For your clientele, you can also make house calls.
It’s not difficult to learn how to do makeup well because you can hone your abilities using tools like YouTube.
14. Building Materials Business
In Ghana, there is a considerable need for building supplies.
To meet the demand created by the expanding population, additional construction firms must be developed.
But before you enter this market as a retailer of building supplies, you must make sure that your company is very dependable and profitable.
15. Drug Store
Due to the following reasons, a drugstore is the ideal type of business to start in Ghana: You will need to apply for a government license, which can be done quickly with a short application and an interview at your neighborhood branch office.
You’ll need employees who can handle monetary transactions as well as individuals who are skilled in pharmacies and medicine (pharmacy technicians).
Most of these experts have graduated from university programs or businesses that provide seminars on how to act professionally while working in these fields.
16. Catering Services
Because of the huge demand, catering is a tremendously profitable industry.
Many people are constantly looking for caterers to assist them in preparing delectables for their birthdays, wedding, or holiday.
Lots of Ghanaian communities frequently hold various festivities as well.
You will succeed in catering if you are a skilled cook who can prepare a variety of delicacies.
However, as catering calls for specialized cooking abilities for various foods, it is not for everyone.
Therefore, before starting your own catering company, you should enroll in a catering school or become an apprentice to a skilled chef.
17. Grocery shop
A grocery store is a shop that sells household provisions, including foodstuffs.
This is a type of business that can stand anywhere, either in your neighborhood or in the market.
It is a relatively small business that requires medium capital to set up and demands a level of consistency for it to stand and expand.
Nonetheless, it’s a very profitable venture.
18. Car Wash Business
Due to the low start-up costs and financial requirements, starting a car wash is one of the most lucrative small businesses you can start in Ghana.
Furthermore, there’s no extra special ability required to begin this.
Without training, anyone can wash a car.
A pumping machine and a water tank, both of which you will be using, are the only significant expenses in this situation.
Additionally, you must open it in a strategic location, preferably one that is closer to a big road so that motorists and drivers of commercial vehicles may readily locate you.
For everyone willing to labor, it is a sweet venture.
Furthermore, keep in mind that happy customers return.
19. Sell e-books
Selling an e-book is one of the best ways to generate income for your small business.
A digital book that you create and sell online is known as an “e-book.”
This technique can be used to sell particular goods or services or to generate extra income for yourself.
Imagine making over GH100,000 by selling an electronic book to 10,000 customers for GH100.
One advantage of digital items is that once generated, they will continue to generate a steady stream of passive income for you.
There are also digital platforms like Amazon KDP and Selar where you can put your e-books up for sale and earn massively.
Small loans are provided by microfinance institutions to low-income households as part of their microfinance program.
Any use of this loan is permitted, including the payment of utility bills and food purchases.
The fundamental benefit of microfinance is that it enables people to obtain loans at affordable rates, so they are spared from having to deal with lengthy loans or ones with high-interest rates.
The drawback is that some people might spend the money in ways other than what it was intended for.
For instance, if someone borrows $10 from their bank but only uses it to pay off debt from before they even received any money from the bank or to buy snacks for their kids instead of food (which may have caused them stress).
21. Vegetable Farming
Vegetables of all kinds are always in demand. In reality, it is well known that the cost of vegetables in our local markets is always rising.
What is lacking is always brought in from nearby nations.
Do you have a sizable farming area and ready access to an irrigation source? In that case, you should think about starting a vegetable farm.
Onions, tomatoes, garden eggs, carrots, and other products always have a ready market.
22. Frozen Food Store
You can also start selling frozen foods in the market.
The business is somewhat profitable. A frozen food business won’t cost you much capital to start.
You need just a fridge, rent a shop, and also capital to purchase the goods. Frozen foods you can sell include chicken, turkey, fish, etc.
23. Gym/Fitness Center
Health, they say, is wealth. And to maintain good health, you need good nutrition coupled with regular exercise.
As such, starting a gym in town can be considered a very profitable venture.
It is one of the lowest-capital businesses you can start.
Though gym instruments are very costly, their maintenance costs are very low, so they’re still cheap to operate.
All you need to do is choose the right spot, start advertising, and see them come.
24. Cosmetic Business
All around the world, the cosmetics sector is currently booming as everyone, both men and women, just want to look good.
Consider selling cosmetics if you want to make money in this large sector.
There are many things you can sell. Among them are perfumes, body creams, lotions, eyelashes, roll-ons, human hair, artificial nails, and creams for the hair and nails.
Learning makeup artistry can also be beneficial for your company.
Almost all women have developed a makeup obsession.
25. Home Tutoring
If you are good at tutoring schoolchildren in a variety of subjects, I advise choosing this.
If you already work as a school teacher, you could do this on the side.
You must first inform people that you can assist with their children’s at-home tutoring.
Just let others know what you do, whether it’s online or offline.
If you are good, you will almost certainly get paid by various people to instruct their children in extracurricular activities.
According to the contract, they pay you. The frequency can be daily, weekly, or monthly.
Whatever the case, you will undoubtedly be compensated.
26. Hairdressing Salon
People can spend their dime solely for aesthetic purposes.
As a hair stylist, you can profit from people’s need to look nice.
You must learn how to create many styles, though.
Not how little you start with, but how wonderful your service is, is what counts; over time, you will develop.
27. Affiliate Marketing
With this business strategy, you can promote goods or services and get paid a commission for each sale that goes through you.
You can sign up for many different online affiliate programs.
Since there are no financial or storage concerns, affiliate marketing is risk-free.
You only need to advertise other companies’ goods to start earning commission on each sale that comes from your referral.
The goods or services you advertise may be in the form of physical items, digital items, real estate, or memberships.
28. Sale of fairly used items
Wouldn’t you prefer to purchase items at a lower cost? Many Ghanaians will spend their last penny on used items that are still in good shape.
And in fact, this industry experiences annual growth.
Since the middle class and the poor lack the resources to purchase new and expensive items, they frequently settle for reasonably used items.
As a fairly-used established merchant, you can sell anything: appliances, clothing, kitchenware, phones, electronics, computers, and so forth.
A digital profession of online problem-solving is what blogging is. It’s a common belief that bloggers are problem solvers because, if you lack information about a thing, you quickly grab your device and search Google for solutions.
All of the Google answers were published by bloggers.
Consequently, it becomes a career in online problem-solving.
You can start a blog on a niche area that you are very knowledgeable about.
By displaying AdSense and other advertisements on their websites, bloggers can make money.
30. Website design
You can pursue a profession in web design as a young person.
Many organizations, businesses, and authorities require websites.
It is therefore a good business to start.
Once you’ve mastered website design, you may launch a career in it with little to no money.
All you need to do is to get people to contact you by letting them know what you do, both offline and online.
31. Day Care Center
If you’re a stay-at-home mom or are unemployed right now, you might think about opening a daycare in your apartment.
Career people frequently find it difficult to care for their infants during working hours, so they enroll them in a daycare facility and then pick them up after work in the evening.
Since you take care of them in addition to teaching them some basic things, this is more of a hospitality-cum-education business.
32. Food and Drinks
Because you may offer food in a variety of ways and from your house or a store, selling food and drinks is an excellent business idea.
Additionally, you can sell a variety of drinks, including ice cream (or frozen yogurt), soda, water, and other globally popular cold and hot beverages, including soda, milk, and juice.
33. Car Rentals
You can start earning lots of money by renting out your cars if you have one or more.
not rent out your automobile to individuals for hire and get paid instead of having your car become a liability due to the amount of money you spend on gasoline, oil, and maintenance?
Everywhere in the world, including Ghana, this concept is widely accepted.
So starting it is not a novel idea, but I bet you it’s a great one as long as your car is in good shape.
34. Graphics Design
One of the most sought-after digital skill sets to acquire is graphic design, given the present need for digitally skilled workers around the world.
The upside of this is that you and your device are the only two things involved in this extremely gentle task.
You create logos, 3D graphics, ad banners, cards, letterheads, posters, banners, and thumbnails for individuals and companies.
The fact that graphic designers don’t experience stress and can work from home makes them superior to other occupations.
Simply put, “vlogging” is video blogging. Vloggers upload the majority of the content you can find on YouTube.
There are many well-known video blogs on YouTube and other social media sites like Facebook, Twitter, and Instagram.
Vlogging is a very common profession. In Ghana, becoming a YouTuber may bring in a lot of money.
36. Liquid Soap Making
Liquid soaps have become very rampant commodities in many markets.
It’s very costly and at the same time economical for most people.
You can simply learn how to make your liquid soap and sell it in the market or supply various provision stores.
It only takes less than a month to learn how it’s done.
You can check out tutorial videos on YouTube, attend skill acquisition seminars, or learn from people already in the business.
37. Bread Bakery
One of the most well-liked industries in the nation today is bread baking.
Due to the widespread use of bread by both the wealthy and the poor, there are several bakeries and bakers.
It has been made mandatory to eat it with a variety of Ghanaian dishes.
Despite the industry’s saturation, you shouldn’t fear.
You will benefit from the fact that supply is even below demand if your baking abilities are excellent.
38. Bar Joint
Opening a bar joint is another lucrative business in Ghana.
This business can be established depending on how much money you have to start with.
You can choose to start small by renting a small shop at a strategic point and equipping it with chairs, tables, fridges, and different beers.
It won’t cost much to set up, yet the profit is huge as bar joints are usually full in most cities, especially during the night.
All you need to do is offer good customer service to keep them coming.
39. Crypto/Forex Trading
Cryptocurrency and forex trading are businesses that you can start from anywhere, be it within or outside Ghana.
Though both businesses are very risky, if you can master them well, you have absolutely nothing to fear.
This particular business is suitable for young people, students, or people who want to make money off their mobile phones or laptop.
All you need is to master the skill well enough before getting started. As for the investment, you can start with brokers like FBS, OctaFX, or exness with as little as $10.
Note that you shouldn’t invest what you can’t afford to lose and shouldn’t be in a hurry to start earning millions if you truly want to succeed in the forex market.
40. Supply and Retail of Palm Oil
Palm oil is a common commodity used in both commercial and domestic cooking.
With a product like a palm oil, it’s extremely simple to make enormous profits from retail sales.
You can purchase a large number of oil jerrycans at a discount and hold onto them until the price soars because you can sell them for a substantial profit.
The most crucial information to understand in this industry is where to purchase them, how much they cost, and how to store them securely.
41. Printing of Recharge Cards
Recharge printing is one business that most people are not aware of; meanwhile, people doing the business are earning lots of cash.
Additionally, it requires very little capital investment to start; all you have to do is get enough information about it and get started.
42. Sports Viewing Center
Because there are so many sports lovers in Ghana, especially football fans.
There are many brand-new football viewing venues opening up.
Additionally, you can earn money by opening your watching facility.
All you need to do is find areas with a few centers and rent a space to launch your business.
Show various football games and impose a fee on spectators who come to watch these games for each game they want to see.
43. Crop farming
The largest export from Africa is agricultural goods.
This is so because everyone needs food, which is why most Africans were farmers by nature before colonialism.
Frequently, white-collar jobs damage agriculture because they are so prevalent.
However, in most countries, farmers are among the wealthiest people.
Additionally, starting a firm in crop production is the world’s simplest and least expensive venture.
You don’t have to handle everything roughly.
You can cultivate more rapidly and extensively by using a farm machine.
Coffee, rubber trees, iroko trees, and other cash crops are among the things you can grow to increase your income.
44. Boutique Business
Selling pre-made apparel, clothing accessories, and even jewelry is the business of a boutique.
Youth in particular are becoming more fashion-conscious, and everyone needs clothes.
One of the best small business concepts you can pursue is opening a boutique.
All you have to do is keep an eye on what your customers want and stock up on a selection of different trending attire.
There will undoubtedly be significant sales around holidays like Sallah, Christmas, and other occasions when clothing is in high demand.
Every day, individuals purchase and don new clothing, even when there is no holiday.
45. Barber salon
This is another business that can provide you with a reliable source of passive income in Ghana.
Most men desire to get their hair barbered at least once every two weeks.
The winners in this situation are barbers.
Especially if you have good barbering skills, starting your barbershop is a fantastic business idea.
You can open a barbershop and hire skilled barbers to work for you if you don’t have the necessary abilities but think it’s a pleasant and lucrative business.
You pay them from the shop’s earnings at the end of each month.
46. Cyber Cafe
Everything is going digital, and the Internet is expanding quickly. Everyone desires to use a functioning computer system.
By starting a cybercafé nearby, you, as an entrepreneur, may turn that into a business.
For a set period, they pay you to use these electronic devices.
Additionally, you can assist others with various computer-related tasks like typesetting, photocopying, laminating, publishing books, etc.
A spa offers massages, skincare, make-up, hair removal, body care, and other opulent body treatments.
If you are exceptionally skilled at assisting others in relaxing and receiving body massages, opening your spa might be a very profitable endeavor.
In actuality, many people worldwide schedule at least one day throughout the workweek to visit a spa.
What you must do is locate a suitable and strategic location.
48. Waste Management
In Ghana, the garbage disposal is a critical issue, and the government is taking steps to ensure that it is disposed of properly throughout the nation.
You can establish a trash management agency and start making money while assisting the government in controlling some of this waste disposal.
It will be your agency’s responsibility to gather the household waste from various neighborhoods and assist residents in dumping it in garbage landfills that have received official approval.
Given that there is little price involved, this is more than merely a community development project.
The global economy is growing every day as more people start making purchases online, especially in light of COVID-19’s arrival, which prompted many people to stay indoors.
Almost anything may now be ordered online, including food, footwear, clothing, literature, and even a house or car.
Yes, this is where we are at this moment. You can now have your fair share of the “internet money” by simply launching your own e-commerce business.
To start, you must decide what to sell and research internet sales methods.
After that, you establish your online presence on social media and develop your e-commerce website so that customers may buy your things there.
50. Phone Accessories Business
You can take advantage of this sizable market by selling phone accessories since almost 62% of the population of the nation owns a mobile phone.
You can sell products in the telecom niche such as phone cases, pouches, earpieces, earbuds, headphones, chargers, sim cards, recharge cards, mobile phones, and I.T. gadgets.
Because profits are high on each item, this business has the advantage of maximizing profits.
Additionally, there is no set pricing; you are free to sell at whatever price makes you money.
51. Cake Making
Another lucrative small business is baking cakes.
There is a significant demand for cake makers that makes quality cakes.
Cakes are frequently served at weddings, birthday celebrations, and other events. Because of this, baking cakes can be very profitable.
You can also sell other delicacies such as meat pies, egg rolls, sausage rolls, doughnuts, hot dogs, chin chins, cupcakes, toast bread, and more. An expert can teach you how to make all of these things in a matter of weeks.
52. Small-Scale Manufacturing
As an entrepreneur or investor, you can start a small-scale manufacturing company in Ghana where fast-moving products are being manufactured and supplied to the local market.
You need to identify or develop innovative products that you think will dominate the Ghanaian market and satisfy their needs.
53. Production of Herbal Medicine
Ghanaians are best known for herbal medicine production due to the access they have to different herb roots that help cure all kinds of sickness.
Most of the herbal medicines being consumed in various African countries are primarily made in Ghana.
You can join the moving train and create self-wealth by producing all sorts of herbal medicine and supplying them to other neighboring countries like Nigeria, Gambia, Sierra Leone, and the rest.
54. Digital Marketing Agency
One of the futures of technology in Ghana and Africa as a whole has to be digital marketing.
Digital marketing is already making waves in most technology-driven countries and Ghana is no exception.
If you are an experienced digital marketer, you can build a team of like-minded individuals and startup a digital marketing agency in Ghana where you offer various kinds of digital marketing services to interested brands such as social media marketing, online advertising, Lead Generation, search engine optimization, etc.
55. Haulage/Logistics Business
Ghana’s port Tema Port was ranked among the largest ports in West Africa.
With these statistics, imagine the number of products and containment that will be shipped into Ghana and will still need to be delivered to their various through the service of a haulage/logistics company.
If you have enough capital, you might want to choose this business opportunity as a means of getting decent returns upon investment.
You can start with one truck and expand your business when it starts generating a good amount of income.
56. Mobile Phone Sales
In a fast-developing country like Ghana, the need for tech products such as mobile phones will be essential because Ghanaians need to have access to information being passed across within and outside the country, and communicating with their loved ones also be their top priority.
You being a techpreneur, can import and sell affordable mobile phones of different brands such as iphone, Infinix, Tecno, Samsung, Gionee, and a few to mention to your ideal customers.
Mobile phone sale is a money-spinner if you situate your business in a bustling location or commercial city and have a good business model.
You will be a making massive amount of Ghana Cedi if you play your cards right.
57. Cocoa Production
Cocoa production in Ghana is regarded as a significant Agricultural export and also the main cash crop.
Ghana is also the second-largest cocoa exporter in the World.
This is a considerable gap for any visionary entrepreneur to fill in.
As a peasant farmer, you can start a cocoa production business in Ghana with access to some plots of land.
Most ingredients gotten from cocoa can be used mainly for beverages and chocolate processing.
58. Car Dealership Business
As there is a fast and sudden increase in the urbanization rate in Ghana, they will be a need for people to have a car of their own, either for private or commercial use.
An entrepreneur or investor wanting to start a business in Ghana might want to fill this gap by importing and selling affordable used cars if you have a huge amount of capital.
59. Mini Importation
This is another smart small business opportunity in Ghana that an entrepreneur can easily start from their zone.
Mini importation requires you to have access to affordable and quality products to purchase online and sell to your target market.
60. Become a sports betting agent
With the population of Ghanaians and the high rate of unemployment amongst youths, you can secure a good business location where you will become a sports betting agent.
Some of the big sports betting companies you can walk up to and register as certified agents are Betway, Melbet, 1Xbet, 22Bet, etc.
As a tech entrepreneur, you can initiate a good fintech small business idea in Ghana that can help people manage their finances effectively without much stress then; you are some miles away from becoming a successful and celebrated fintech entrepreneur provided you have a good business plan.
62. Jewelry Business
Since Ghana has gold in abundance, why not go into the business that deals with gold jewelry sales?
63. Hotel/Guest-House Service
Since Ghana welcomes a good amount of tourists from different parts of the world, starting a hotel/guest house business where you will cater to their accommodation needs, will be considered a feasible small business idea to set up in Ghana.
Your success in this business is having a strategic business plan and the required business funds.
64. Fruit Juice
If you have access to fresh fruits, starting a fruit juice business in Ghana is a good small business idea that requires low startup capital.
Having a well-packaged and quality fruit juice product is another way to attract customers to your business.
65. Production of bottled water
Setting up a bottled water plant in Ghana is another thriving business that can guarantee financial freedom in years to come because bottled water is consumed daily in Ghana.
The demand for it is never diminishing anytime soon.
66. Point of Sale Business (POS)
POS business doesn’t require huge business capital to kickstart but it is highly lucrative and profitable, with GHC 3,000, you can set up your POS business in a commercial location or a place with high-traffic footage.
67. Cleaning Service
Starting a cleaning service in Ghana is a good business idea you might want to consider because it requires a low start-up cost.
You will need to be marketing your service to residential homes and various offices across different cities in Ghana.
Despite all being said about profitable small business ideas to take up as a Ghanaian or foreigner living in Ghana.
What’s more important is not the type of business you take up or its level of profitability but rather the way you nurture such businesses. What’s worth doing at all, is worth doing well.
If you want to start a successful business, you also need the right business strategies as well as the right ideas.
Plan your business like a pro, learn if you have to before getting started, and more importantly, you need the right amount of capital.
Take loans if you have to, but you should only take how much you can pay. Good luck with your new business choice.
How to make money as a student in Nigeria
Top 10 websites to buy cheap data online in nigeria 2023, kingsley umeh.
I am a passionate entrepreneurship blogger, Founder/CEO, editor-in-chief, and Publisher at Probusinessideas. My sole aim in creating this blog is to contribute my own quota towards entrepreneurship in Africa. My work has been featured on some notable Nigerian blogs such as Bellanaija,Makemoney.ng, Ideaslane, Enibest, Infoguideafrica, Pulse.ng and Entorm.
- How to Start Cargo Tracking Business September 27, 2023
- Shopinverse.com Review: Please read this!!! July 6, 2023
- How to start data reselling business in Nigeria with datawayapp April 21, 2023
- Top 20 best cryptocurrency exchange websites March 21, 2023
- Top 10 websites to buy cheap data online in Nigeria 2023 February 17, 2023
- Our Products
- Terms and conditions
- Sponsor a Post
Copyright © 2020-2022 Probusinessideas Media (BN 3385381) - For The Love of Entrepreneurship. All Rights Reserved .
Global site navigation
- Celebrity biographies
- Messages - Wishes - Quotes
- TV-shows and movies
- Bizarre facts
- Family and Relationships
- Real Estate
25 profitable business ideas in Ghana in 2023 listed and explained
What do Jeff Bezos and Elon Musk have in common? Aside from their wealth, which is billions of dollars, they established powerful business empires that make billions in revenue every year. And it all started with the conception of an idea, which they followed through. First, you must come up with an ingenious idea, win the hearts of the masses, and then make millions in revenue. So, what profitable business ideas in Ghana can you go for?
What happens when you have not been absorbed into the job market like most people? Do you sulk at the unfortunate incident or make things happen? The latter is the direction to take, and if you put your best foot forward, you might be impressed at the small business ideas in Ghana.
Fortunately for you, you don't have to start from zero, as there are business ideas out there that you can mimic and tweak to suit your interests. So, where should you start?
Ashaiman man narrates abuse by soldiers on residents, says all public toilets have all been locked
25 profitable business ideas in Ghana
The best way of starting a business is learning from a mentor how they did it. They have been there and done the business, and the insights they give are probably going to be revolutionary. It is the best way of maximising your opportunities as you start creating your lucrative business in Ghana. What start-up ideas make sense in the 21st century?
1. Taxi business
A taxi business will always make you money as people never stop moving around. You are assured to ferry clients from point A to point B throughout the week and even at weekends. Thanks to technology, apps like Uber and Bolt have made it easy to register as a Taxi driver and run a good business.
You only need a little capital to buy yourself a car or even rent one, and you are good to go. The best thing about using these apps is that they can help build your rating as a driver. The higher you are rated, the more people want to use your vehicle.
Guide on how to plan a birthday party and get everything right
2. Catering services
Do you trust your skills in the kitchen? Do you enjoy cooking for people? If your answer is yes, you need to be in catering. It is one of the profitable business ideas in Ghana as Ghanaians enjoy some excellent food, and a nicely prepared home meal by a skilled cook is the best thing.
This is one of the businesses that require low capital , as you can start with the cutlery you already own. Then, as you make your delicious food, remember to make the packaging appealing. Your food should taste as lovely as it looks.
3. Poultry farming
Chicken rearing and any other type of poultry farming require little effort to run and is one of the best businesses to start in Ghana. With the way Ghanaians enjoy their meat, you are sure to make some good money from keeping poultry. There is always a party going on that will require the meat.
Chips industry goes all-in on AI
Eggs are also a favourite among Ghanaians. The best thing about this type of farming is that you do not need to have a lot of money or chicken to start. You can sell the meat, eggs, or even the chicks.
4. Home tutoring
Home tutoring may not be a famous, but home tutoring can make you serious cash if you love books and can teach well. In addition, subjects like mathematics and sciences are often tricky for many students. If you enjoy these subjects, talk to any parent with school-going children and pitch your idea.
You can even start your home tutoring services if you happen to get a good number of students. Some subjects are too technical, so you can make a rate card where you charge the complex subjects more than subjects seen to be easy.
5. Fish farming
Everyone loves eating fish. Many Ghanaians enjoy some quality fish in their meals. Fish farming may seem like it requires a lot of energy to run, but the opposite is true. With just a little space and a pond, you can start with the little money in your savings.
Clones, noseprints, flying taxis: Sci-fi meets reality at expo
Things to consider are a good location for your farm and a good water source. Your fingerlings should also be healthy. Finally, decide on the type of fish to keep before making any purchase. Tilapia fish is a good choice for those starting.
Social media has made everyone crazy about taking pictures and has made photography one of the best business opportunities in Ghana. With a quality camera, you can make a killing just by taking photographs. So, be creative even when taking pictures and make everything exciting.
Ghanaians are not shy about spending money on things that excite them. So, build your catalogue online, and soon you will become a personal photographer to someone. Take great pictures of parties or other celebrations, and your work will get you dozens of clients in no time.
7. Frozen food shop
These types of shops are beginning to be popular in Ghana. For example, a frozen food shop has frozen foods and then sold later to people who want the easy way out when preparing meals. Learn your market and get the foods you think people will buy the most.
15 better ways to say thank you for your patience and understanding
Beans and other cereals are common as it takes a while to boil and prepare. You can also sell meat and other things. Another great thing is that you can run your frozen food shop both online and offline.
8. Daycare services
Look around, and you will notice mothers always looking for babysitters as they go on with their businesses. Starting a daycare is a great idea as all you need is a lovely room where kids can comfortably stay. You also need to love children and know how to take care of them.
The main supplies you may need will be toys, cleaning items, and comfortable chairs. The place your daycare is in should also be neat all the time as children can easily get infections.
This may require you to have a crazy amount of capital, but there is no harm in trying. Many Ghanaian businesses take loans time and again to help run their businesses and make investments. Some small and medium-scale enterprises cannot easily access bank loans , and that is where your micro-lending comes in.
30 interesting websites to cure boredom that work pretty well
This business may seem risky and needs one to have a background in finance and accounting before anything else. It would help if you also did due diligence on everyone before giving them money.
10. Event planning
Event planning is an exciting venture and amongst the top business ideas in Ghana that will never have you broke. Starting may be a bit of a challenge, but once you are on your feet, you are set to be one of the wealthiest entrepreneurs in your area.
There is always a birthday somewhere, a baby shower, a graduation party, and all types of celebrations throughout the year.
Learn a few things about planning and making your events distinct. The better you make your events, the more client referrals you get.
11. Heliciculture (Snail farming)
Many people may not love snails but keeping them for business is profitable . You will only need a small space to keep edible land snails, primarily for human consumption or cosmetic use. It takes 6 to 16 months for a snail to mature.
Looking for names for holding companies? How to come up with the most meaningful
Like fish farming, you need to decide on the snail species to keep and choose the best food for them. For your snails to grow well, ensure that your soil has enough calcium for the snail shells.
12. Scrap metal recycling plant
Walk on any street, and you will see how many scarp metals just lay bare. A scrap metal recycling plant is profitable as some companies are always looking for these metals. You only need a small area to collect your metals before selecting and sorting them.
You can collect everything from aluminium cans, car rims, copper, and radiators from air conditioners. The raw materials you generate can be used in different industries. Scrap metal recycling plant can make you good money like any manufacturing business in Ghana.
Doing laundry can be challenging for busy people, and therefore it is a lucrative business in Ghana. With an affordable dry-cleaning agent in the area, many people will choose to bring you their dirty laundry for cleaning every week. As a result, the dry-cleaning business is quickly picking up in Ghana and making entrepreneurs rich.
70+ inspiring good luck on your future endeavours quotes, wishes and messages
14. Driving school
Driving schools will never run out of clients as people always want to learn how to drive . Given the nature of this business, the registration process and logistics may be overwhelming for a young entrepreneur. You will have to register and acquire specific certificates from the relevant government bodies.
Once you are registered, you can introduce classes for different vehicles. Companies are always looking for drivers, and people are always looking to buy cars. You are assured of a steady client flow if your driving school gives the best lessons. It will be better if you are a skilled driver before starting.
Make-up is one of the most rewarding small business ideas in Ghana. Women regularly want to look glam and cute when going out. So many women do their make-up though some are not professionals in this.
100+ funny ways to say goodnight to your friends, family and someone special
As a make-up artist, you can collaborate with salons and other beauty joints to offer your make-up services across the town. You can also do house calls for your clients. Learning how to be a good make-up artist is not complex, as there are resources like YouTube that can help you perfect your skills.
16. Gym/fitness centre
Gym fitness is an excellent business in Ghana. However, it would be best to market your fitness centre in Ghana and creatively strategise to increase your investment's chances of getting a massive return.
Therefore, you must figure out the fitness niche you want to venture into. And you can choose between speciality fitness centre, traditional gym, medical fitness and wellness centre, family fitness and wellness centre and others.
17. Real estate
One of the most extraordinary things about real estate is its high probability of appreciating over time. Real estate property includes land, buildings, fixtures, structures, and utility systems. As a result, you can create a real estate management venture to sell and manage properties.
100+ dark humour pick-up lines that are serious and hilarious to use in 2023
You can enter the real estate venture as a brokerage, property management, sales and marketing, lending, or a professional service provider. Figure out what works for you and progressively build it into a lucrative business in Ghana.
18. Auto mechanic garage
If you are a skilled mechanic and have what it takes to service automobiles, you can open an auto mechanic garage. Then, who knows; your garage might become the biggest in Ghana with branches all over the country?
After all, cars always need service, and your venture will facilitate this regular service. First, however, you must have in-depth knowledge of advertising marketing and be conscious of start-up costs.
19. Mobile phone accessories retail/wholesale
Imagine how many people need mobile phones in Ghana. Now, envision a retail or wholesale store that sells or distributes these phones and accessories . It is an excellent venture, hands down, but of course, you must be strategic on how you run it to make profit.
What should I wear today appS: 12 best apps to help you decide what to wear
Also, you can source capital from any investment bank , or microfinance institution that you find meets your unique needs. If you do everything well, you will have a lucrative business making millions.
20. Building materials outlet
Construction is one of the biggest businesses in Ghana because of the ever-growing demand for building materials . Every building or infrastructure coming up in any region requires material, which can be sourced from your outlet. Just imagine the profits you will enjoy once you focus on this profitable business in Ghana.
21. Courier/delivery service
With the increase in online shopping, people in Ghana require a reliable courier service that can safely deliver their packages at home. That is why a courier/delivery business is one of the best business ideas in Ghana.
22. Outdoor advertising
Outdoor advertising is an excellent way for small and large organisations to create awareness and stay in the entrepreneurship scene in the country. Therefore, it is a great idea as you will have many clients looking for your expertise .
10 important questions to ask when buying a house in 2021
Outdoor advertising mainly involves billboards advertisements placed strategically in high traffic areas to attract interest.
23. Beauty products retail centre
A beauty products retail centre is among Ghana's most profitable business ideas. Why? Everyone wants to look good and, in their quest to make their hair and apply make-up, buy beauty products. And guess from whose store they are going to source? Yours, if you capitalise on the idea early and expand to reach every corner of Ghana.
24. Light manufacturing industry
Light manufacturing involves processing, fabricating, assembly, or disassembly of items within an enclosed building. It is a great idea because it doesn't limit one to a particular product, and one can go for apparel, food, drapes, clothing, accessories and more.
25. Travel agency
If you love travelling and are a great planner , you can start a venture offering people planning services. This way, you can make money while helping people have great experiences. The good thing about this business idea is that it only requires human resources and no physical stock.
150+ fun and unique bucket list ideas to try in your lifetime
Also, it is an inexpensive business whereby you can get away with limited staff and low set-up costs.
Which business can make you rich faster?
Gaining wealth in business is a gradual process, which the investor or entrepreneur must master to make the most out of. However, if you are looking for a way to make money faster , you can go for certain business ideas like:
- Freelancing for Professionals
- Food & Beverage Business
- Digital Marketing
- Custom Jewellery
What do Ghanaians buy most?
Did you know that Ghanaians spend a lot of money buying certain products and services? Ghana residents are spending on food products, healthcare products, home and personal care products, apparel, electronics, building hardware, and more. Therefore, if you are planning on setting up a business, it is better to focus on such fast-moving products.
What business can I start with 1000 GH in Ghana?
150+ sad rest in peace quotes for an uncle who passed away
While a lot of businesses require massive capital, some are quite easy to start if you have the right expertise and interest. So, what business can you start with 1000 GH? You can venture into fashion design, laundry services, photography, saloon business, blogging and more.
As a budding entrepreneur, you are advised to be solution-minded. Therefore, take any challenge as a learning opportunity and expand your knowledge in your area of specialisation. Several profitable business ideas in Ghana have seen young jobless youth grow their small business to empires.
DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
READ ALSO: Top 10 richest companies in Ghana 2021
25 thoughtful gifts for long distance relationship to prove your love
Are you searching for the wealthiest companies in Ghana? Yen.com.gh featured an interesting article about the country's richest firms, and you will be amazed by the ones that make the list.
For instance, Scancom (MTN) easily tops the list as it is part of many people's lives in Ghana. The company was responsible for 7% of Ghana's GDP. What other companies have immense wealth in Ghana?
Top 30 Profitable and Best Business Ideas to Start in Ghana
Are you looking to start a business in Ghana but not sure where to start? Well, you’ve come to the right place! In this blog post, we will discuss some of the best and most profitable business ideas that you can start in Ghana today.
Ghana has a growing economy and a business-friendly environment, making it an ideal destination for entrepreneurs.
With a population of over 32.83 million people (2021) , there are plenty of opportunities to start a successful business and make a good profit.
We’ve done the research for you and compiled a list of business ideas that have proven to be successful in Ghana. From agriculture to technology, there is something for everyone.
Whether you’re a first-time entrepreneur or an experienced business owner, we’ve got you covered.
So, if you’re ready to take the leap and start your own business in Ghana, keep reading to find out the best and most profitable business ideas to get you started.
Profitable Business Ideas and Investment Opportunities in Ghana
1. internet and ict services.
Ghana is lagging well behind a majority of African nations when it comes to providing their citizens with reliable and high-quality internet access.
This issue has become particularly pressing for online businesses, as these types of enterprises thrive on having an efficient and stable connection.
As such, entrepreneurs in the ICT industry have seen a great opportunity to use their knowledge and technical abilities to tap into this pool of demand; namely by creating more efficient systems that can adequately meet the needs of customers interested in starting digital companies.
In today’s highly digitised world, this enterprise shows great promise for graduates looking for business prospects in Ghana.
2. Become an Uberpreneur
Starting an Uber business in Ghana can be highly lucrative. While you may need to invest anywhere between 16,000 and 40,000Ghc upfront, returns on investment can be dramatic.
You could even pay back a loan used to finance your cab purchase in a matter of months. The only challenge to this venture is locating drivers that are reliable and trustworthy, as they are difficult to come by in the area.
3. Open a Car Dealership Business
In Ghana, the car dealership industry has become increasingly lucrative for ambitious entrepreneurs and savvy investors.
From physical boutiques to online platforms, one can find a variety of niches within the market such as brick-and-mortar dealerships, used car merchants, local automakers, luxury automobile careers and multi-brand establishments.
The success of this sector is largely due to increasing consumer awareness of practical automotive expenditures by shopping around for pre-owned or even locally manufactured vehicles.
4. Become a Point of Sale Agent
As technology advances and the world becomes increasingly reliant on digital payment methods, the Point of Sale (POS) industry is one to keep an eye on in the coming year.
POS Agents are instrumental in decreasing long queues at bank branches by providing customers with real-time access to their accounts via debit or cash cards.
These machines allow cardholders to pay for products and services quickly and safely, ensuring a smooth transaction process that benefits both parties.
Becoming a POS Agent in Ghana will prove hugely lucrative as people demand faster transactions, making it essential for modern businesses to stay up-to-date with these developments if they want to compete and survive.
5. Start a Restaurant Business
Opening a restaurant was once seen as an incredible risk venture in the early 1990s and even at the turn of the millennium. Achieving success was possible, yet failure was much more probable.
However, times have changed for the better and it is no longer necessary to spend long hours in the kitchen due to modern working practices.
This has created an opportunity in Ghana to set up a restaurant if desired. Before taking this plunge, however, it is essential that one completes adequate market research and decides on where their establishment will be located.
It’s important to identify who your target customers are – whether they belong to a certain demographic or cover all types of people. Once you have established this then there is a greater chance of avoiding failure.
6. Manufacturing of Fertilizers and Pesticides
Fertilizers are essential components of a successful agricultural and farming system. They play a key role in increasing crop yields, which helps keep food prices low and assures the country has access to enough food for its population.
Agricultural goods are also important for bolstering the national Gross Domestic Product (GDP).
In today’s world, investing in or launching bio-fertilizer and/or bio-pesticide companies can be extremely lucrative as there is an ever-growing demand for these products – especially from Ghanaian farmers who are concerned about avoiding chemical fertilizers due to their potential environmental impacts.
By starting such a business, one could quickly capture this expanding market and provide local customers with sustainable ways of increasing crop yields.
7. Start a Hotel Business
Starting a hotel business is an involved and capital-intensive venture that requires significant investment, especially since the return on investment can be long in coming.
It’s no surprise then, why many hotels are owned by multiple investors who come together to fund the project.
Despite the large monetary commitment required to begin a hotel business, it can potentially grow exponentially; some have seen success not just in their home country but across multiple continents as well.
Hotels provide short-term housing for travellers, tourists, visitors and others, with options to purchase additional services while they stay – all at a rate defined by an economy of scale.
8. Start a Fish farming Business
Ghana is a nation which relishes the flavour of high-grade fish as part of its culinary repertoire.
In spite of the premonitions that operating a fishery necessitates copious quantities of energy, the opposite is typically true and all it takes to launch your own waterway business is simply a tiny plot over land, an adequate pond, and some beginning capital.
The location where you plan to house your venture should be strategically located in order to guarantee that it has easy access to continual aqua necessities such as freshwater supplies or creek flows.
Additionally, healthy fingerlings must be rigorously selected before making any financial commitments in this endeavour; one great option, in particular, could be the Tilapia species which has strongly established itself as beginner friendly since its inception into aquaculture systems worldwide.
9. Start a Waste Management Firm
Ghana is known to be suffering from a serious garbage crisis and unfortunately, the current government-sanctioned trash management firms are often unable to take on the tremendous burden alone.
It’s all too common for individuals within the country to engage in unorthodox disposal methods such as throwing their trash into drainage systems or leaving it on the ground.
But this doesn’t have to be an insurmountable problem! By starting your own waste management business, you can do your part in cleaning up Ghana and even potentially earn some profit from it.
If your diligence and results prove successful enough, you may attract favour from local officials – who could offer additional jobs or contracts.
10. Open a Barber Shop Salon
Running a barbershop is an extremely successful business venture which, with the right equipment and staff, can draw in customers from all over the city. Achieving success lies in offering quality service and creating effective branding to truly stand out from competitors.
Growing your business requires not just great services but smart technology too; shift working hours for employees, multiple operation centres, loyalty cards as well as coupon systems provide consumers with additional incentives whilst also increasing profit margins.
To really excel, you could even consider providing specialist home services at a fee – making your barbershop one of the go-to choices when people are looking for professional haircuts!
11. Start Bottled Water Production
Starting a bottled water production company in Ghana can be an intriguing venture for the ambitious entrepreneur.
This involves transforming water into drinkable formats, such as plastic and glass bottles, that can be easily sold to customers.
Once the water has gone through thorough processing and dehydration stages, it is sealed and marked with a nutritional label–a process that ensures the highest standards of quality control.
Additionally, regardless of economic conditions, consumers around the globe have an ongoing need for clean drinking water; this provides a steady flow of demand no matter what time of year it is–particularly during periods of high heat.
12. Dropshipping and e-Commerce
Dropshipping is a popular and lucrative option for entrepreneurs looking to break into the eCommerce space.
Essentially, it functions as an online store that allows you to sell items without physically owning any of the inventory being sold.
To set up shop, all you need to do is find a supplier and create an online storefront.
Rather than stocking your own products, your orders are fulfilled by your supplier who sends the item directly to your customer’s shipping address upon receiving payment.
This means no additional overhead costs or storage fees associated with traditional business models, making dropshipping an attractive starting point for those seeking maximum profits with minimal investment.
13. Open A Gym and Training Center
In Ghana, gyms have been gaining traction in recent years as an attractive business opportunity.
As individuals are becoming increasingly aware of the potential negative effects associated with living a sedentary lifestyle, many Ghanaians have chosen to join a gym to become more mindful of their physical health and body image.
To sustain the success of this venture, monthly fees are usually charged for membership; regardless of how often one visits the gym or not.
This payment requirement typically provides enough capital for businesses to maintain quality equipment and facilities as well as hire qualified personal trainers and instructors who can meet their client’s specific needs.
An optimal setup is necessary for any burgeoning entrepreneur hoping to break into this market: it must be conveniently located and equipped with quality apparatuses, dedicated personnel, and an individualized approach that separates it from other gyms.
14. Open a Vocational Training Center
As Ghana continues to modernize and diversify its economy, the demand for well-educated graduates with specialized experience is on the rise.
This presents an incredible opportunity for those looking to start their career in or out of the country, as businesses require personnel with a high degree of knowledge and skill.
Vocational training institutions can provide much-needed assistance for those hoping to enter into a specific field by providing courses geared towards developing practical employable skills.
Additionally, individuals with expertise in certain areas can look into starting tutorial services either online or in person that specialize in teaching various competencies; this type of venture could prove immensely rewarding due to the sheer number of people seeking further education and experiences within developing nations such as Ghana.
15. Microlending Business
This may necessitate a large sum of money, but there is no harm in attempting it. Many Ghanaian firms take out loans on a regular basis to assist them to manage their operations and make investments.
Some small and medium-sized businesses cannot readily obtain bank loans, which is where your micro-lending business comes in.
This business appears to be hazardous and requires knowledge of finance and accounting before anything else.
You should also conduct thorough background checks on everyone before granting them access to your funds.
16. Start a Tour Guide Agency
Africa as a whole is a tourist hotspot. Nonetheless, security is keeping many visitors away from several African countries. However, Ghana is doing well in this aspect.
As a result, you may promote your services to visitors in their home countries, informing them that you would pick them up at the airport and serve as their tour guide.
Please share this page if you have a friend who might benefit from this list of business ideas in Ghana with little investment.
17. Investment in Real Estate
This was added last because the type of real estate that generates long-term profitability goes beyond just acting as a middleman between property owners and tenants.
In Ghana nowadays, every type of land and building purchased for rent or sale is quite profitable. The profit margins are absolutely incredible.
Roadside businesses, in addition to residential flats and townhouses, are in high demand in many Ghanaian cities.
You may be guaranteed to make a lot of money if you run a chain of businesses in Accra.
18. Start a Bureau De Change Shop
If you are a Ghanaian or live in Ghana and wish to engage in international commerce or business, you must get the necessary money.
This demonstrates that a bureau de change business in Ghana is a feasible business that an ambitious entrepreneur wanting to start a business may effectively launch.
The reality is that if you start a foreign exchange/bureau de change store in a commercial city in Ghana, you will undoubtedly earn a lot of business since it is a booming and sustainable business.
19. Offer Courier Services
Courier services are another profitable business concept. You want to tackle difficulties that arise from product deliveries using this business.
Starting and operating a courier business takes minimal money, but it may be highly profitable if effectively managed.
The business basically entails you transporting things and supplies from one location to another inside a metropolis.
Sometimes from one city to another, and as technology advances, from one nation to another.
People will always need to carry things from one area to another, therefore this business will undoubtedly be lucrative.
20. Start an Event Planning Business
Perhaps you’ve been working in the event planning sector for a while and have chosen to capitalize on this business idea by creating your own firm.
Perhaps you have previously assisted in the organization of events and desire that this might be a part of your working life.
There are several compelling reasons to continue with this profitable business opportunity in Ghana.
Most people lack the capacity to properly organize and execute all aspects of an event. As an entrepreneur, this is a business opportunity for you.
21. Start a Rural Farmers’ Financial Institution
Ghanaian farmers are often plagued by financial troubles, leaving them unable to purchase the high-quality equipment and inputs needed to produce quality crops.
Furthermore, they also lack the resources necessary for effective marketing which reduces their potential profits.
Investing in a small-scale financial institution in rural or fringe areas of Ghana could be hugely beneficial for these farmers; providing funds and support for growing healthy crops as well as financing so that loans can eventually be repaid.
With prudent handling of finance, this kind of investment has historically been highly lucrative – building trust with the farmers over time could potentially prove extremely rewarding.
22. Open a Driving School
A driving school provides a unique business opportunity for an aspiring entrepreneur. Registration can be complex and requires obtaining various licenses from the appropriate government bodies, so it’s wise to have a firm understanding of the legal requirements beforehand.
But once you’re settled in, you will be able to offer training courses for a variety of vehicles – a service which companies and consumers alike may require.
All students must have access to quality instruction, and this is where your expertise as a first-rate driver yourself can come into play by giving your trainees the best possible learning experience.
With an increasing demand for car drivers, investing in such a business could prove to be highly lucrative – ensuring that it never goes out of fashion!
23. Open a Car Accessories Store
Starting an auto accessories and spare parts business in Ghana may be a great venture for entrepreneurs who have a passion for the vehicle sector.
Although you don’t need to have a college education to launch your own store, it may be wise to start as an apprentice at another accessory and spare parts shop since working with someone else’s company can help learn the tricks of the trade and prepare you for running your own enterprise.
It is important to note that this type of venture will never become obsolete because of its necessity in the automotive industry.
24. Open a Poultry Farming
Poultry farming stands out as the most profitable and viable business venture in Ghana. Entrepreneurs can get started with a relatively low initial investment, usually just enough to secure a plot of land and construct necessary poultry structures.
These are composed of features like chicken houses, runs, feeders, waterers and roosts.
To keep their birds healthy, farmers should also purchase agro-inputs such as feed, fungicides and medication for treating any avian illnesses that may arise. Of course, an initial batch of day-old chicks is required too!
In order to protect their investments from theft or predation it is essential that businesses invest in the appropriate forms of security whilst promoting cleanliness around their property to help prevent the spread of infectious diseases among flocks.
25. Start a Mobile Phone Repairs Business
Starting a mobile phone repair and accessory business in Ghana could be a lucrative opportunity.
To get started, individuals should become educated on the basics of device operation and maintenance.
This could include taking courses or workshops that cover repairs, troubleshooting, and software installation so they understand their clients’ needs.
Furthermore, investing in some professional-grade tools like screwdrivers, soldering irons, testers for batteries and other components will enable them to provide quality service.
Additionally, having equipment for accessory sales such as protective cases or screen protectors would create additional revenue streams from customers.
With knowledge of the industry coupled with appropriate resources in place, you can start your venture today with minimal initial costs!
26. Open a Beauty Salon
If you have a passion for beauty and believe the time is right to build your own success story, why not consider opening a beauty salon in Ghana?
This low-investment business idea offers plenty of potential, with an ever-growing market of clients who are eager to Test out new looks and styles.
Of course, it won’t be easy – starting any business involves effort, determination and commitment.
The first step is determining what services you plan on offering in your salon: will it focus on basics like hair styling and manicures/pedicures or specialize in more advanced makeup artistry or skin treatments?
Once that’s settled, verifying all permit requirements and designing a pleasant atmosphere suitable for customers are two essential parts of setting up a shop.
With these steps taken care of (and the guidance from insurance advisers, lawyers etc.
), the sky’s the limit when it comes to growing your beauty salon into the dream business you’ve been envisioning!
27. Start a Delivery Services
The e-commerce landscape in Ghana is experiencing an enormous boom, as the developing market provides businesses with a unique opportunity to ride the wave of its growth.
From groceries to clothing and home goods, more and more people are relying on mobile applications for their shopping needs.
With fewer competitors in the marketplace than in many other nations, entrepreneurs can launch services that fill this need without needing to compete with well-established companies right away.
In addition, larger retailers and e-commerce enterprises offer potential collaborations that could help these startups grow their businesses quickly while also providing a lucrative source of income.
28. Home Tutoring
Home tutoring may not be a widespread industry, but if you have a knack for education and are passionate about reading, you could be well-suited to become a tutor.
With the ever-increasing pressures placed on young students to excel academically, many don’t possess the necessary knowledge or skill when it comes to mathematics, science and other more challenging school topics.
It might be worthwhile contacting parents of school-aged children who need guidance with their studies – especially those requiring greater instruction in technical areas of their curriculum – as this could lead to steady profit from your endeavours.
If you manage to acquire a generous number of students, the potential rewards make setting up your own home tutoring business an attractive proposition; one for which you can charge varying rates depending upon the difficulty level of each subject matter.
29. Start a Construction Firm
Considering the economic success that Ghana has long enjoyed, launching a construction business could be an incredibly lucrative endeavour.
To start such an enterprise, one would need access to significant capital in order to purchase heavy-duty equipment as well as hire and manage a sizeable team of labourers.
Despite the initial and ongoing costs associated with working in this realm, there is great potential for profit – particularly if you can offer superior craftsmanship and service.
Likely clients include both government entities and private companies who seek reliable contractors for their projects.
With sound planning and hard work, anyone passionate about the construction field can continue to grow their business into a major success story.
Final Thoughts on Business Ideas in Ghana
These are the eight most profitable small business ideas in Ghana that we could think of. What are your opinions, and what would you add or remove from this list? Let us know what you think in the comments area below.
Leave a Comment Cancel reply
Save my name, email, and website in this browser for the next time I comment.
- Get Free U.S. Address
- Subscribe For Our Newsletter
- Get Exclusive Content
- Log Into Your Heroshe Dashboard
Heroshe provides affordable, simple, and fast shipping from USA & UK to Nigeria & Ghana. Join 40,000+ people who have trusted us with their shipping needs.
47 Most Profitable Small Business Ideas in Ghana
Are you a Ghanaian or a foreigner in Ghana looking to start a business? Are you in need of small business ideas that need low capital? Then Chale, you are not alone. Akan had always dreamed of starting his own business in Ghana. He was a young entrepreneur with a burning desire to make a mark in his home country.
Akan started his quest for business opportunities in Ghana with a limited budget but plenty of determination. He knew Ghana's favorable business environment, good road networks, and stable electricity supply offered many opportunities. He was ready to tap into these opportunities and create a business to improve his life.
Now, let's see the many possibilities that Akan discovered. What are the top small business ventures that can make your modest investment successful? How can you navigate the Ghanaian market and find the perfect opportunity that aligns with your interests and budget? Join me as I reveal a secret list of profitable small business ideas in Ghana that you can start with limited funds. Get ready to empower yourself with the 47 most profitable small business ideas to start in Ghana. Let's get started.
Why Start a Business in Ghana?
Before diving into the list of small business ideas, there are great reasons to start your entrepreneurial journey in Ghana.
Here are some excellent reasons to start a small business in Ghana:
Peaceful and Business-Friendly Environment According to the Global Peace Index, Ghana is currently ranked among the top 10 most peaceful African countries. This peaceful environment creates a conducive atmosphere for businesses to thrive. The sound macroeconomic environment makes it one of the best places for doing business in West Africa.
Good Road Networks Ghana has well-structured road networks that help ease the movement of vehicles and people, allowing businesses to operate smoothly.
Adequate and Stable Electricity Supply Ghana boasts a steady power supply, a significant advantage for businesses. This reliable electricity supply is one of the reasons why foreign investors prefer setting up businesses in Ghana compared to neighboring West African countries. It's also why many large companies have shifted their base from neighboring countries to Ghana.
Expanding Stock Market The Ghana Stock Exchange (GSE) is the fifth-largest in Africa and the third-largest in Sub-Saharan Africa. This expanding stock market allows businesses and investors to raise capital and grow portfolios.
Now that we have explored the advantages of doing business in Ghana let's dive into the 47 profitable small business ideas you can start in 2023.
Related: Everything You Need To Know About Black Friday 2023
What Are The Most Profitable Small Business Ideas in Ghana?
Let us get right to the top profitable small business ideas in Ghana.
Dropshipping: If you want to start a business immediately, dropshipping is your best bet! Dropshipping is a very promising business idea in Ghana, and here's why you should dive into it. Ghana's e-commerce sector is rising, with more Ghanaians turning to online shopping for convenience and variety. With dropshipping, you can tap into this trend without needing significant capital investment or managing inventory. This model allows you to partner with suppliers who handle the inventory and shipping, leaving you to focus on marketing and customer service. The flexibility and low entry barriers make dropshipping attractive for budding entrepreneurs.
To start your dropshipping business in Ghana, you need to select a niche that aligns with local preferences and conduct thorough market research. Then, find reputable suppliers who offer dropshipping services. Create an e-commerce platform, be it a website or online store on a platform like Shopify, and build a strong online presence using social media, search engine optimization (SEO), and content marketing. Focus on providing excellent customer service to build trust and reputation. With dedication, this low-risk, high-reward business model can make you good money in Ghana's evolving e-commerce landscape.
For a comprehensive step-by-step guide, be sure to explore our article on how to start a successful dropshipping business in Ghana.
Framed Prints Ecommerce: If you have a passion for art and a knack for creativity, starting an online business that sells framed prints can be a lucrative business in Ghana. You can provide interior designers and homeowners an excellent service by creating and selling framed prints online.
To start this business, you must invest in high-quality materials such as cotton-based matted paper and high gloss photo paper. These materials will ensure that your framed prints are of the highest quality and visually stunning. You can also create the prints from the comfort of your own home, reducing overhead costs and increasing your profits.
Content Writing Company: In today's digital age, content is king. As a content writer, you can provide a valuable service by writing, editing, and publishing high-quality content for businesses and organizations. Whether it is blog posts (like this) , product descriptions, or social media content, your words can significantly impact you. With the increasing demand for online content, a content writing company can be a profitable source of passive income.
To start a content writing company in Ghana, you need thorough market research and niche selection. You must also create a well-defined business plan and establish a professional website. This will help you better understand your potential clients and their needs. It will also outline a strategy for your business and establish a strong online presence to attract clients.
Food Truck: If you have a passion for cooking and enjoy the thrill of entrepreneurship, starting a food truck business in Ghana can be an exciting venture. Food trucks offer a unique dining experience, bringing delicious meals to various locations and events.
To succeed in the food truck industry, it is crucial to identify gaps in the market and offer something different from existing food trucks. By providing a diverse menu and exceptional customer service, you can attract a loyal following of food enthusiasts.
Location is a key factor in the success of a food truck business. Conduct thorough research to identify areas with high foot traffic and demand for diverse culinary experiences. This business requires careful planning and adherence to local regulations and health codes. You can carve out a niche in the vibrant Ghanaian culinary scene by ensuring compliance and delivering outstanding food and service.
Mobile Personal Trainer: Are you passionate about fitness and enjoy helping others achieve their health goals? Consider becoming a mobile personal trainer. This rewarding side hustle allows you to earn extra income while positively impacting people's lives
The fitness industry is highly competitive, but establishing a reputation as a skilled and dedicated trainer can attract a steady stream of clients through referrals. To kickstart your mobile personal training business, it's essential to register for certification courses to gain the necessary qualifications.
To attract your first clients, leverage the power of social media and online advertising. Creating a strong online presence through social media platforms and a professional website can also help you showcase your expertise and attract potential clients.
Online Jewelry Store: The online jewelry store industry has experienced rapid growth in recent years, driven by the convenience and extensive selection it offers customers. Starting an online jewelry store can be a highly profitable business venture in Ghana.
To thrive in this competitive industry, it's crucial to identify a niche and differentiate your store from the competition. By offering unique and high-quality jewelry pieces, you can attract customers looking for one-of-a-kind accessories. To ensure the success of your online jewelry store, invest in a robust e-commerce platform and establish partnerships with reputable suppliers. Implement effective marketing strategies to drive traffic to your website and convert visitors into satisfied customers.
Barber Shop: The men's grooming industry is a thriving market, offering many opportunities for entrepreneurs. Starting a barber shop in Ghana can be profitable, as men and boys consistently seek grooming services regardless of economic conditions.
To succeed in the barbershop industry, creating a unique and welcoming atmosphere that distinguishes your establishment from competitors is essential. You can attract a loyal customer base by providing exceptional service, skilled haircuts, and a comfortable environment.
Investing in high-quality equipment and grooming products is crucial to deliver outstanding results and earn customer trust. Additionally, fostering relationships with local businesses and leveraging social media platforms can help you reach a broader audience and increase brand visibility.
Graphic Design Business: Graphic design plays a vital role in today's visual-centric world. By starting a graphic design business, you can use your artistic skills and creativity to help businesses and organizations communicate their messages effectively. Graphic designers create logos, brochures, ads, and other marketing materials for clients. They also design websites and digital content, including social media graphics. By specializing in a specific type of design or becoming a versatile generalist, you can cater to a wide range of client needs.
Starting a graphic design business requires a deep understanding of design principles, proficiency in design software, and strong communication skills. Clients rely on graphic designers to bring their ideas to life, so effective collaboration and clear communication are essential.
When pricing your graphic design services, consider factors such as the complexity of the project and the value you provide to clients. You can charge clients per hour or with fixed pricing based on the nature of the project. You can establish a reputable graphic design business in Ghana by delivering exceptional designs and providing excellent customer service.
Blogging: Blogging has evolved from a personal online journal to a highly sought-after and profitable business. It offers a creative outlet to reach a broader audience and work on your own terms.
Blogs have become a trusted source of information for internet users, with 77% of users reading blogs regularly. By choosing a niche you enjoy writing about and creating a content strategy, you can attract a dedicated audience and potentially monetize your blog through various channels such as affiliate marketing, sponsored content, or selling digital products.
Starting a blog requires careful planning and consistent effort. Building a mailing list and establishing a regular posting routine is essential for maintaining audience engagement. Whether you choose to blog as a side hustle or pursue it as a full-time profession, the opportunities for growth and income potential in the blogging industry are vast. By consistently producing high-quality content and cultivating a loyal following, you can turn your passion for writing into a thriving online business.
Mini Importation: Mini importation is an exciting business idea in Ghana. The local market is ripe for this venture, and there are several compelling reasons why you should consider diving into this opportunity. Firstly, Ghana boasts a growing consumer base with a penchant for quality and affordable products. This demand aligns perfectly with the concept of mini importation, where you source products from overseas suppliers at a fraction of the cost and sell them locally at competitive prices. The profit potential is undeniable, especially in a nation with an increasingly vibrant e-commerce landscape.
Starting a mini importation business in Ghana is straightforward. Start by identifying a niche or product category that resonates with the local market. Research and establish connections with reliable suppliers, and consider using online marketplaces like Alibaba or AliExpress. Conduct thorough market research to gauge demand, set up an e-commerce website, and leverage social media platforms for marketing. With commitment, consistent effort, and attention to quality, your mini importation business can thrive, providing you with good money while meeting the growing demands of Ghana's consumers.
To dive deeper into the specifics, be sure to check out our comprehensive article on how to start a successful mini importation business in Ghana.
Related: Mini Importation or Dropshipping: Which is the Better Business Model for You?
Career Consulting Business: Career consulting is a vital service that helps individuals navigate their professional journeys and make informed decisions. By starting a career consulting business, you can provide valuable guidance to clients seeking clarity and direction in their careers
To become a successful career consultant, staying organized and maintaining a professional approach is crucial. Continuously educating yourself on industry trends and best practices will enable you to provide up-to-date and relevant advice to your clients. Additionally, confidence in your position and a respectful, non-judgmental attitude will foster trust and establish long-term relationships with your clients.
The demand for career counsellors is growing as individuals seek professional guidance to make informed career choices. You can position yourself as a trusted career consultant in Ghana by offering personalized career assessments, resume writing services, and interview preparation.
Travel Agency: If you have a passion for travel and have entrepreneurial skills, starting a travel agency can be an enticing career choice. As a travel agent, you will play a vital role in connecting travelers with various travel and tourism-related service providers.
To start an online travel agency, conduct thorough market research, get the necessary certifications such as an IATA number, and study the competition. Building a user-friendly website, creating enticing travel packages, and implementing effective marketing strategies are essential to establishing your travel agency.
Negotiating discounts from industry service providers and charging competitive rates will enable you to attract customers and maximize earnings. By providing exceptional customer service and staying up-to-date with travel trends and destinations, you can help clients create memorable experiences and build a reputable travel agency.
Staffing Agency: Staffing agencies act as intermediaries between employers and job seekers, matching qualified candidates with suitable job opportunities. Starting a staffing agency can be profitable, especially in an evolving job market.
To succeed in the staffing agency industry, choosing the right niche and understanding the specific needs of employers and job seekers is essential. By creating a user-friendly website, building a database of qualified candidates, and implementing effective marketing strategies, you can attract employers and job seekers to your agency.
Staffing agencies generate revenue by charging job candidates or employers a markup fee. Obtaining all necessary licenses, permits, and insurance coverage is crucial to ensure compliance with labor laws and regulations.
Soap Business: The soap-making business offers a unique opportunity to combine creativity with entrepreneurship. Whether handmade or commercially produced, soap is an essential product that people use daily.
Starting a soap business can be profitable, especially if you offer unique and high-quality products. You can attract customers who appreciate artisanal soaps by using natural ingredients, incorporating appealing scents, and creating aesthetically pleasing designs.
Cleaning Business: Starting a cleaning business can be an excellent opportunity to be your own boss and make good money doing what you love. As one of the most flexible businesses, cleaning services can cater to various clients and offer various services.
Invest in professional cleaning equipment and environmentally friendly cleaning products to start a cleaning business in Ghana. Offering a range of services, such as residential, commercial, and specialized cleaning, can help attract a diverse clientele.
Marketing your cleaning business through fliers, online platforms, and word-of-mouth referrals can help generate leads and secure clients. Also, providing exceptional customer service and maintaining a consistent level of cleanliness will set you apart from competitors.
Catering Business: Starting a catering business allows you to showcase your culinary skills and bring delicious meals to various events and occasions. Catering is highly profitable if you provide exceptional food, impeccable service, and attention to detail.
To succeed in the catering industry, you should identify gaps in the market and offer unique culinary experiences. By creating diverse menus, using high-quality ingredients, and accommodating dietary restrictions, you can cater to a wide range of client preferences.
Building strong relationships with event organizers, wedding planners, and local businesses can lead to lucrative catering opportunities. Additionally, leveraging social media platforms and creating a professional website can help you showcase your culinary creations and attract potential clients.
Event Planning Business: Event planners are crucial in bringing people together and creating memorable experiences. If you have a passion for organizing and a keen eye for detail, starting an event planning business can be an exhilarating career choice.
Event planners handle various tasks, including researching, creating event designs, finding ideal venues, arranging food and beverage services, and managing logistics. By providing comprehensive event planning services and delivering exceptional results, you can attract clients who seek professional and stress-free event experiences.
The events industry has experienced significant growth, with consumers increasingly seeking outdoor events and unique event concepts. Specializing in outdoor event planning and management allows you to tap into this growing market and offer clients memorable experiences in Ghana's beautiful landscapes.
Mobile Photography Business: If you have a passion for photography and enjoy working on the go, starting a mobile photography business can be a rewarding career choice. Mobile photography lets you capture beautiful moments and provide clients with high-quality, professional photographs.
To start a mobile photography business, invest in high-quality camera equipment and editing software to ensure your photographs stand out. Developing a strong online presence through a professional website and social media platforms can help you showcase your portfolio and attract potential clients.
The demand for mobile photography services is increasing as individuals and businesses seek captivating visuals for personal and marketing purposes. You can build a loyal client base by delivering exceptional photographs, offering customized packages, and establishing a reputable mobile photography business in Ghana.
Bookstore: Starting a bookstore allows you to ignite the love for reading and provide a haven for book enthusiasts. Bookstores are places where people buy books and serve as cultural hubs, hosting book clubs, author signings, and literary events.
To start a successful bookstore, conducting thorough market research and choosing a strategic location with high foot traffic is essential. By curating a diverse selection of books, offering personalized recommendations, and creating a welcoming ambience, you can attract book lovers and cultivate a loyal customer base.
Building partnerships with local authors, hosting book-related events, and fostering relationships with schools and libraries can further establish your bookstore as a cultural hub in your community.
Software Development Business: The software development industry is at the forefront of technological innovation, offering endless opportunities for entrepreneurs. Starting a software development business allows you to combine your technical skills with your entrepreneurial spirit.
Software developers create computer programs, websites, and digital content. By specializing in a specific type of software development or offering comprehensive solutions, you can cater to a wide range of client needs.
Establishing partnerships with businesses and organizations that require custom software solutions and showcasing your portfolio through a professional website can help you attract clients and establish a strong reputation in the industry.
Computer Refurbisher: As technology advances, the demand for refurbished computers continues to grow. Starting a computer refurbishing business allows you to restore used computers to working conditions and provide affordable options for individuals and businesses.
You will need expertise in data recovery, hardware repair, and software troubleshooting to succeed in the computer refurbishing industry. By staying informed about the latest computer models and technologies, you can identify high-demand computers and refurbish them to meet market needs.
Real Estate Agents: Real estate is a highly sought-after business worldwide, and Ghana is no exception. As a real estate agent, you can capitalize on the growing real estate market in cities like Accra, Kumasi, or Tema.
Your role as a real estate agent involves sourcing available properties, acting as a middleman, and managing or caretaking properties for landlords. Acquiring knowledge through learning from experienced agents or attending real estate seminars will give you an edge in this industry.
Poultry Farming: Poultry farming is a lucrative business in Ghana that can generate significant profits quickly. Chicken and turkey are in high demand, especially during festive seasons like Christmas and the New Year.
Additionally, eggs are widely consumed, presenting another avenue for profit. Rearing egg-laying breeds of chickens can provide a consistent source of income. With proper knowledge and investment, poultry farming can be highly profitable.
Driving: If you own a car or can drive, you can tap into the lucrative venture of driving. Driving services are in high demand, particularly in cities with a high population and transportation costs. Additionally, technological advancements have created opportunities through platforms like Uber and Bolt, where you can offer rides on your own schedule.
Driving School: Starting a driving school can be a profitable business idea if you have a car and possess excellent driving skills. Many individuals seek driving lessons to obtain their driver's licenses. Register your business with the appropriate government agency to start a driving school, advertise through billboards and social media platforms, and hire qualified driving instructors.
Dry Cleaning: Dry cleaning services are in high demand, especially in urban areas where individuals have busy schedules. People often lack the time to do their laundry or clean their surroundings, making dry cleaning a valuable service. Starting a dry cleaning business requires minimal capital. With proper marketing and customer service, it can be a profitable venture.
The dry cleaning business is one of the most profitable business opportunities in Ghana, driven by the fast-paced urban lifestyles and the rising need for convenient services. With proper planning, marketing, and a commitment to customer service, you can establish a profitable dry cleaning business that caters to the needs of both individuals and businesses in Ghana's growing urban centers.
Fish Farming: Fish farming is a simple and profitable business to start in Ghana that can be started with low capital. Ghana's abundant water resources provide an ideal environment for fish farming. By raising and producing various types of fish, you can supply local markets and neighboring countries where fish production is limited. Fish is also a raw ingredient used in various food sectors, making fish farming a lucrative venture.
Event Planning: Many people today lack the time and expertise to plan their events. Event planners are in high demand for weddings, birthdays, graduations, and other special occasions. As an event planner, you can assist clients in organizing every aspect of their events, including the menu, venue, decorations, and event flow. Providing exceptional service and attention to detail will set you apart in this industry.
Fashion Design: The fashion design sector in Ghana is experiencing rapid growth due to the increasing demand for fashionable clothing. As a fashion designer, you can create new styles and tailor various outfits to meet the diverse needs of your clients. Learning from established designers or attending fashion design schools will enhance your skills and help you stand out in the industry.
Food Canteen: If you have excellent cooking skills, starting a food canteen can be a profitable source of income. Food is a basic necessity, and the demand for cooked meals is high, especially in urban areas with limited cooking time. You can attract customers and build a loyal customer base by providing delicious and affordable meals.
Photography: Photography is a lucrative business that offers various growth opportunities. With the increasing demand for professional photography, skilled photographers are in high demand for events and other occasions. Additionally, photographers can expand their services to include videography and capture memorable moments in people's lives.
Travel Agency: Ghana has many individuals migrating to other countries for education, job opportunities, and vacations. Starting a travel agency allows you to tap into the travel industry and assist people in obtaining travel documents and information. You can create a successful travel agency by providing excellent customer service and building partnerships with airlines and hotels.
Rental Services: Starting a rental service business offers opportunities in various sectors. You can rent graduation and matriculation gowns, canopies, chairs, tables, water tanks, and construction equipment. Events are held regularly in Ghana, and the demand for rental items is high. You can build a successful rental service business by providing quality items and reliable delivery services.
Makeup Artist: Makeup artistry is a profitable small business idea, especially for individuals with skills in applying makeup. Many women desire to look stylish and beautiful for special occasions.
By offering professional makeup services, you can cater to clients' needs for weddings, parties, and other events. Partnering with salons and beauty establishments can also help you expand your customer base.
Building Materials Business: Ghana's growing population and urbanization create a demand for building materials. Starting a building materials business allows you to tap into this market. To succeed in this industry, you must ensure that your company is reliable and offers quality products. Building strong relationships with suppliers and providing excellent customer service will set you apart.
Drug Store: Starting a drug store provides essential products and services to the community. Ghanaians rely on drug stores for their medication needs, making it one of the most profitable business ideas to start in Ghana.
To start a drug store, you must apply for a government license and hire knowledgeable staff who can handle monetary transactions and provide expert medication advice. Building customer trust and ensuring a steady supply of quality products will contribute to your success.
Grocery Shop: A grocery shop is a small business that sells household provisions, including foodstuffs. With the increasing population and urbanization in Ghana, the demand for groceries is high.
Starting a grocery shop requires medium capital and consistency to stand out in a competitive market. You can attract loyal customers and generate steady income by offering various quality products and providing excellent customer service.
Car Wash Business: Starting a car wash business requires low startup costs and can be highly profitable. Ghanaians take pride in keeping their vehicles clean and presentable. By offering quality car wash services and investing in modern equipment, you can attract customers and build a loyal customer base. Excellent customer service and attention to detail will set your car wash business apart.
Sell E-books: Selling e-books is a great way to generate income in the digital age. With the rise of e-readers and online platforms, self-publishing and selling e-books has become accessible to anyone.
You can create your own e-books on various topics and sell them online. Platforms like Amazon KDP and Selar provide opportunities to reach a wide audience and earn passive income from e-book sales.
Vegetable Farming: Vegetables are always in high demand, and Ghana relies heavily on imports to meet the demand. Starting a vegetable farm allows you to contribute to the local food supply and generate income. You can supply local markets and reduce the country's dependence on imports by cultivating vegetables such as onions, tomatoes, garden eggs, and carrots.
Frozen Food Store: Starting a frozen food store is a profitable business to start in Ghana. With the busy lifestyles of Ghanaians, many individuals rely on frozen foods for convenience. By selling frozen items such as chicken, turkey, and fish, you can cater to this demand. Starting small with a well-stocked store and providing quality products will help you attract customers and expand your business.
Cosmetic Business: The cosmetics industry is booming worldwide, and Ghana is no exception. Starting a cosmetic business allows you to tap into this market and offer a wide range of beauty products. From perfumes and body creams to eyelashes and hair products, there are numerous opportunities to cater to the beauty needs of Ghanaians. Keeping up with the latest trends and providing quality products will set your cosmetic business apart.
Home Tutoring: Starting a home tutoring business can be profitable if you have expertise in various subjects. Many parents seek tutors to provide their children additional support and academic guidance.
By offering personalized tutoring services, you can help students excel in their studies and build a reputation as a reliable tutor. Marketing your services to parents and students online and offline will help attract clients.
Hairdressing Salon: Hairdressing is a thriving business in Ghana, as people seek professional hairstylists for their grooming needs. Starting a hairdressing salon can be a profitable venture if you have excellent hairstyling skills. Offering a range of hairstyling services and keeping up with the latest trends will attract customers and ensure repeat business. Creating a welcoming and comfortable environment for clients will contribute to the success of your hairdressing salon.
Affiliate Marketing: Affiliate marketing is a popular online business model that allows you to promote products or services and earn a commission for each sale made through your referral. You can sign up for affiliate programs and promote products in different niches. You can generate passive income through affiliate marketing by building a strong online presence and effectively marketing the products.
You should always conduct thorough market research and develop a business plan before starting any business. This will help you understand the target market, competition, and potential challenges you may face. It is also crucial to stay updated with industry trends and continually improve your skills to stay ahead in the business world.
Remember, starting a business requires hard work, resilience, and patience. Success may not come overnight, but you can achieve your entrepreneurial goals with determination and a strategic approach.
These are only forty-seven out of the long list of good business ideas in Ghana. Find a lot more valuable insights on the Heroshe blog. Don't miss out— subscribe to our newsletter now for in-depth advice on starting and growing your small business.
Ojabowale Afolabi is the content marketing lead at Heroshe. I have a deep passion for telling brands' stories to educate their audiences across a breadth of media and content forms.
- Lagos, Nigeria
Enter your email below to join our newsletter
60 Best Business ideas in Ghana You Can Start Today
By: Author Tony Martins Ajaero
Home » Africa
Do you want to start a business in Ghana as a foreigner but you lack ideas? If Yes, here are 50 best small business ideas & investment opportunities in Ghana. Ghana is one of the countries with the fastest growing economy in Africa .
With a strong mineral resources sector, cocoa industry, consistent government policy, recent oil discoveries, steady power supply, friendly business environment and a free trade zone for foreign companies; Ghana is definitely a country to beat in the future.
So, if you are looking for a business opportunity to start in Ghana, here are 50 best business opportunities you can choose from.
Best Business ideas in Ghana
Car dealership business.
One thriving business that an aspiring entrepreneur or investor can start in Ghana is car dealership. Operators in the car dealership industry sell and buy both brand new and used cars and they may fall in any of the following niche area; brick and mortar car dealership, online used cars dealership, locally produced car dealership, imported car dealership, luxury car dealership business and multi – brand and multi – maker car dealership.
The automotive industry in Ghana with reference to used cars dealership is indeed flourishing because more and more consumers are becoming aware of the need to cut unnecessary spending as it relates to purchasing cars.
Open a Bar and Grill Business
Opening a bar and grill business can be fascinating at the same time worthwhile especially if you position your bar and grill business in strategic locations where you can easily attract socialites and people who love night life.
The fact that in Ghana people will always hangout in bars makes it one of those businesses that is in high demand and it is also profitable. Bar and grill business is one of the businesses that an entrepreneur can successfully start in the corner of a busy street without breaking the bank for cash.
Open a Beauty Supply/Cosmetics Store
There are avalanches of beauty products that are seen on the shelves in stores all around Ghana. These products have various uses and they meet the requirements of folks in different ways. It is important to point out that beauty supply business is one the businesses that can’t go out of fashion simply because of the role it plays in the society.
Depending on the scale you want to start, the startup capital for this type of business can be considered to be moderate. As a matter of fact, you can start your own beauty supply store and then grow it big within a short period of time by re-investing your profits back to the business.
Start a Boarding School
If you live in Ghana you will quite agree that it is indeed brisk business running a boarding school. Parents who are pretty busy would always take their children to boarding schools where they can learn and live throughout the school session.
Please note that setting up a boarding school requires hard work and serious planning. You are expected to apply and obtain permits and licenses to run such facility from the government, and your facility must meet the required health and safety standards before you can be allowed to operate.
Start the Production of Bottled Water
Another thriving business that an aspiring entrepreneur can start in Ghana is the production of bottled water. Production companies in the bottled water industry basically purify and bottle water into plastic and glass bottles for consumption.
The bottled waters are properly capped and labeled before being sold to the general public. Needless to say, there are readily available markets for bottled water in Ghana because every human on the face of the earth need to drink clean water to survive.
The bottom line is that economic recession hardly affects the rate of consumption of bottled water especially during summer (hot) period.
Start a Bridal Makeup Business
A bridal make – up artist is someone who makes up the bride and her bridal train during wedding ceremonies. This type of business is not capital intensive and you can start the business from your savings. If you are hardworking and you have the right network in place, you can generate your start-up capital from one business deals.
One good thing about the bridal makeup business is that most often than not, weddings are held during weekends and if you are lucky not to be working during weekends, you can successfully test run a bridal makeup business. As a matter of fact, you can combine your bridal makeup business with any other business without overworking yourself.
Open a Bureau De Change Shop
As a Ghanaian or someone who lives in Ghana, if you want to engage in international trade cum business, you need to obtain the required currency. This goes to show that bureau de change business in Ghana is a viable business that an aspiring entrepreneur who looking towards starting a business can successfully start.
The truth is that if you choose to open a foreign exchange / bureau de change shop in a commercial city in Ghana, you will definitely make huge profit from the business because indeed it is a thriving and viable business.
Start a Call Center Business
Call center business is one of many businesses that in recent time is not location bound; a call center can be located in Ghana or Nigeria and work for clients in the United Kingdom or the United States of America. This is as a result of outsourcing services such as telemarketing and customers care services.
So, if you are an aspiring entrepreneur with enough capital, one of the businesses you should consider starting in Ghana is to open a standard call center that can handle clients from the united states of America and other countries of the world.
Open a Car Accessories Store
If you are looking for a business to start in Ghana as an entrepreneur and you know you have interest in the automobile industry , then you should consider starting your own car accessories store.
Although you don’t need a college degree to establish your own car accessories and auto spare parts store, but you need some form of informal training, you might have to work as an apprentice with someone who owns a car accessories and auto spare parts store.
It makes it easier for you to learn the ropes and how to manage your own business. It is important to point out that car accessories and auto spare parts store business is one the businesses that can’t go out of fashion simply because of the role it plays in the auto industry.
Start a Cattle Farming Business
If you are interested in going into serious animal farming business, then you should consider a cattle farming business in Ghana.
Cattle farming is perhaps one of the most lucrative animal farming businesses an entrepreneur can start, but that does not rule out the fact that it can sometimes be challenging especially if you don’t live around a farm community where you can easily build your cattle ranch.
Cattle rearing is of course a thriving and profitable business because of the usefulness of beef and other by products from cattle.
Start a Commercial Cleaning Company
There are loads of business opportunities in Ghana and any entrepreneur who desires to start a business in Ghana can successfully start a commercial cleaning business and generate good returns from the business with a short period of time.
This is because the commercial cleaning industry is a thriving industry in Ghana. This type of business can be started by anybody as long as you have eyes for details and cleanliness. If you have experience in this regard, it will be easier for you to start and effectively run a cleaning business.
Start Coffee Exporting Business
A coffee export business involves exporting a wide variety of coffee, either raw coffee beans and finely packaged coffee, from Ghana to other countries where they are either processed or consumed.
If you are considering starting a coffee export business in Ghana, the good news is that you can’t get it wrong because the Ghanaian government is supporting the export of cash crops from Ghana to other countries of the world, plus the fact that coffee is consumed by people all across the world and there are several outlets that are willing to purchase coffee from you if you have good coffee.
Open a Consignment Shop
Another thriving business that can be started in Ghana is a consignment shop. A Consignment Shop is a shop where fairly used goods are sold. It could be clothes, shoes and other fashion accessories, sport wares, automobiles, electronics, furniture, toys, books, tools, musical instrument, office equipment, machines, etc.
You can start this business without money because you would only be required to collect goods from people who are cleaning and clearing their wardrobes, houses, offices or garages at no cost at all. In other words, you would be automatically helping them get rid of the items they do not want and in turn make your profit.
Start a Construction Company
A construction company is yet another thriving business that can be started in Ghana. Starting a construction business is capital intensive simply because of the type of heavy-duty equipment that are required to carry out a construction project and also the cost of managing a large workforce.
Despite the fact that the construction industry requires huge startup capital, the industry is highly profitable especially if you have the expertise and capacity to deliver good quality the jobs. The major clients for construction companies are governments and the private sector.
Start a Cyber Security Company
Cyber security companies or IT security consulting firms manage IT security services, such as firewalls, intrusion prevention, security threat analysis, proactive security vulnerability and penetration testing and incident preparation and response, which includes IT forensics.
In Ghana, cyber crime is on the increase hence starting a cyber security business is therefore a lucrative business to go into because individuals, businesses and the government need their data protected.
However, to start this kind of business, you will need to have the technical skills that will be needed to secure data or stop an ongoing attack for your client. However, due to the technical nature of this business and the need to understand what you will be getting into from the business aspect, it would be wise to consult with a business consultant in the area where you intend starting the business.
Open a Fabric Store
A fabric store business is one of the many businesses that can be started in any part of Ghana and the owner of the business can still generate good turnover year in year out. Entrepreneurs who intend starting a fabric store business can as a matter of fact start from their car or garage.
The bottom line is that there is always a ready market for fabrics. All a fabric retail store needs to do is to ensure that they have quality fabrics both locally and from different parts of the world, and also ensure that their fabric store is well positioned.
Open a Fast Food Restaurant
It is a known fact that ever since fast food restaurants became the norm in the society, loads of entrepreneurs have becomes millionaires . If you are interested in the food industry, one of the coolest ways of making money is to open a fast food restaurant in Ghana.
It is important to state that loads of fast food restaurants close shop because they failed to conduct detailed market survey and feasibility studies before opening. Your ability to re – strategized and always up your service delivery will help you stay competitive.
Start a Feed Mill Business
There are loads of business opportunities in the poultry farming industry in Ghana and poultry feed mill is one of them. Poultry mills is a production facility where different poultry mashes are produced like layers mash, pre-layers mash, growers mash, broilers starter and finisher et al.
This a business that is open to an aspiring entrepreneur especially those that live around farm communities. All you need to get started is a well – positioned and government approved facility, steady supply of grains and of course, the in and out of running the business.
It is important to point out that poultry feed mill business is one the businesses that can’t go out of fashion simply because of the role it plays in the poultry industry.
Start a Fish Farming Business
If you are interested in going into serious aquatic farming in Ghana, then you should consider a fish farming business. Fish farming is perhaps one of the most lucrative aquatic farming businesses an entrepreneur can start in Ghana, but that does not rule out the fact that it can sometimes be challenging especially if you don’t live around coastal areas where you can conveniently create a demarcation for breeding your fish in commercial quantity.
Beyond the generally knowledge of fish farming, you would need to study the process of farming fish if you want to become successful with the business. In order to maximize profits with your fish farming business, you need to learn the process of hatching fish eggs and then groom them to maturity when they will be due for harvest.
Open a Frozen Food Shop
A frozen food store is a retail outlet where different frozen foods are sold and it is a business that can be started in any location in Ghana. A frozen food store is a very easy business to start and it is not so capital intensive.
Getting the right products that people want to buy and good record keeping are the secrets of running a frozen food store. A frozen food store can be run offline in the conventional retail store or online on an online e-commerce retail site.
Start Groundnut Oil Production Plant
Another thriving business that can be started in Ghana is groundnut oil production business. Actually, starting a groundnut oil production company is not one of those businesses that can be started without proper research and study of the industry.
Groundnut oil production company can be considered to be capital intensive, but it is indeed a money – spinning business if it is well located and if you are able to create a robust distribution network.
Open Hair Extension Production Factory
It is a known fact that hair extensions and similar products are used in all parts of Ghana and of course those that are in the business of producing these products, are known to generate sales year in year out if the business is well – managed.
As a matter of fact, economic downturn hardly affects the usage of hair extensions and similar products simply because it is a commodity that plays a major role in the beauty world. This is no wonder the production of hair extensions et al have continued to soar high.
Start Hotel Business
Indeed, starting a hotel business is capital intensive and it is considered a long-term investment because it takes a while for the owners to breakeven and start making profits. No doubt it takes a big-time investor to consider starting his or her own hotel business, which is why loads of hotels are owned by groups of investors.
One good thing about the hotel business is that the business can grow so big that it will not only have active presence in key cities in the country where it started from, but in major cities in all the continent of the world.
When you talk about a hotel, you are talking about an establishment that provides lodging for guest / travelers, tourist, visitor et al, on a short-term basis with a fee. When people lodge in hotels, they have the options of subscribing to other services the hotel offers.
Soap, Washing Powder and Synthetic Detergent Manufacturing Company
Starting this type of business means that you will be involved in the manufacturing of products such as laundry soap, transparent soap, translucent soap, toilet soap, medicated soap, industrial soap, soap flakes, soap powder and synthetic products.
Synthetic products include household and industrial detergents used for cloth washing, dish washing, body and hair washing, etc.
The fact that laundry detergents are used in all homes and laundromats makes the product an essential household commodity. Any entrepreneur who intends to go into this business should plan rightly and research thoroughly so that the risks in the business can be greatly minimized.
Freight Packing and Logistics Services Business
A freight packing and logistics services business is a business that provide consolidation of freight consignments, trade document preparation, packing, crating and otherwise preparing goods for transportation and logistics consulting services.
With this type of business, you can choose to operate from any part of the country as long as there are businesses and people who will patronize your services.
The truth is that a freight packing and logistics services business is a profitable business in Ghana, even though it is capital intensive. Getting the right medium (motor cycles, drones and delivery vans and trucks et al) and good tracking devices are some of the secrets of running a successful freight packing and logistics services business.
Open a Medical Clinic/Hospital
Another highly thriving business that can be started in Ghana especially if you are a medical doctor is a medical clinic/hospital. Medical clinic or hospital provide surgical and nonsurgical diagnostic and medical treatment to inpatients with medical conditions.
In general, hospitals maintain inpatient beds and usually provide other services such as outpatient services, operating room services and pharmacy services. There is indeed a very large market for hospital (healthcare service) providers in Ghana.
Start a Metal Door Production Company
A metal door production business is of course one of the many businesses that can be started in any part of Ghana and the owner of the business can still penetrate the global market by simply exporting his or her products.
Metal doors are basically doors made from metal materials and in some cases, these doors are bullet – proof and are used in situations where security is of top priority. It is a known fact that the production of metal doors has continued to soar high.
Start Micro Money Lending Business
If you live in Ghana, you will agree that loads of entrepreneurs are making money from offering small loans to individuals who cannot access loans from banks. Starting a micro money lending business can be demanding and risky at the same time, but if you have done your due diligence before venturing into the business, you are likely not going to run at a loss.
First and foremost, you are expected to have experience in the financial industry. It will pay you to study accountancy or banking and finance if indeed you want to venture into this line of business.
Open a Naturopathy Clinic
This line of business is thriving and profitable in Ghana and in most countries of the world. So, if you are interested in starting a business in the alternative medical practice in Ghana, then you should consider opening your own naturopathy clinic business.
Generally, naturopathy which is a complementary medical practice that uses natural remedies to help the body heal itself.
It embraces many therapies, including herbs, massage, acupuncture, exercise, and nutritional counseling. This includes therapies from the sciences of clinical nutrition, botanical medicines, homeopathy, physical medicine, exercise therapy, lifestyle counseling, and hydrotherapy, which is the use of water to treat a disorder or disease.
Start a Network Marketing Business
If you are interested in the network marketing industry, you can bet that there is no limit to the fortune you can make from the industry as long as you are creative and have good marketing and networking skills.
If you live in Ghana, you will agree that loads of entrepreneurs and freelance marketers are making good money from selling the products of a company or their own product via network marketing or multi – level marketing as it is popularly called.
Starting a network marketing business can be demanding and risky at the same time, but if you have done your due diligence before venturing into the business, you are likely not going to run at a loss.
Start Pest Control Business
If you are thinking of starting a business in Ghana that can guarantee you steady income, then one of your options is to consider starting pest control business. Pest control businesses is a business that is involved in removing or eradicating potentially harmful insects, rodent and reptiles from farms, commercial and residential properties.
When we talk of pest control, we are talking of a service that is as old as agriculture practices. This is because there has always been a need to keep crops free from pests in order to increase crop yield.
Start Porta Potty Rental Business
If you have ever considered starting a sanitation or rental related business in Ghana, a business that to a large extent is not highly competitive, then one of your options is to start a porta potty business. A porta potty business is involved in renting and cleaning portable toilets.
It is a business that is doing reasonably well in Ghana and other West African countries. The truth is that a porta potty business can’t go out of fashion because of the role it plays in the society especially outdoor events.
Poultry Processing Plant
Loads of people in Ghana eat poultry meat (chickens, turkey, various birds, quails, guinea fowls, ducks et al) on a daily basis hence the need to have poultry processing plant to able to meet the needs of poultry consumers.
As an aspiring entrepreneur, if you have the required startup capital and experience, then you should consider starting your own poultry processing plant in Ghana. It is important to point out that the poultry processing business can’t go out of fashion because people eat poultry meat in different forms on a daily basis.
Start a Quilting Business
If you are looking for a business to start in Ghana as an entrepreneur with a design and creativity background, then you can consider starting your own quilting company. Quilting done in Ghana has high market value from all across the world.
Quilting is the process of sewing two or more layers of fabric together to make a thicker padded material, usually to create a quilt or quilted garment.
Typically quilting is done with three layers: the top fabric or quilt top, batting or insulating material and backing material, but many different styles are adopted. Quilt stores often sell fabric, thread, patterns and other goods that are used for quilting. They often have group sewing and quilting classes where one can learn how to sew or quilt.
Start a Retirement and Pension Plan Firm
There is a very large market for retirement and pension plan firms in Ghana due to the fact that employees and business owners both from the private sector and the public sector will one day retire and they would need a retirement plan to fall to.
The Retirement and Pension Plans industry is made up of private and public pension funds that provide retirement saving and income benefits. Plans are based on defined benefit and exclude defined contribution. Revenue in this industry refers to total contributions plus net investment income or losses, while establishments refer to the number of funds.
Start a Scrap Metal Recycling Plant
There are diverse niche areas in the recycling industry and one of them that you can specialize on if you are interested in starting a business in Ghana is to go into scrap metal recycling. It is a business that is highly profitable because there is hardly any part of Ghana that you won’t find used and abandoned metal scraps.
What you need to put in place in order to successfully launch a metal scrap recycling business is the machines and equipment needed, a good knowledge of where to collect used and condemned metal and where to sell the raw materials generated from the recycling process, the legislations guiding the industry as well as strong entrepreneurial skills and determination.
Start a Security Guard Company
There is hardly any corporate building, business facility or highbrow residential estate in Ghana that you won’t find security guards.
This goes to show that the security industry is an integral part of our world especially in a period such as this when crime and terrorism has been taken to an all – time high. A security guard company is any company that provides both armed and unarmed security related services.
Start Server Hosting Company
One good thing about the information age is that there are several business opportunities that come with it and one of them is to start a server hosting or web hosting company as it is popularly called. Sever hosting companies provide space on a server owned or leased for use by clients, as well as providing Internet connectivity, typically in a data center.
If you are IT inclined and you have the startup capital and you are looking towards starting a business in the IT industry in Ghana, one of your best bets is to start a server / web hosting company. There is indeed a large global market for web hosting companies.
Open a Smoothie Bar
Another thriving business that can be started in Ghana is a smoothie bar. A smoothie is a blended, sometimes sweetened beverage primarily made from fresh fruit or vegetables combined with ice, frozen fruit or other frozen ingredients.
Some juice and smoothie bars give their clients option of add-ins, such as soy milk, whey powder, green tea and herbal or nutritional supplements et al. A smoothie and juice bar might not be entirely easy to start, but one thing is certain, it is a straightforward business that can generate steady profits if well positioned and properly managed.
Open a Staffing Agency
Starting a staffing agency is yet another thriving business that someone with HR background can start in Ghana. Staffing agencies are responsible for helping organizations recruit staff to fill vacant positions in their organization and also help applicants secure employment.
They also offer a wide range of recruitment – related services and contract staffing. Some staffing agencies offer services beyond just recruiting employees but also help in training and preparing the employees to fit into the role that they are being recruited for. Usually such staffing agencies charge more than those who just recruit employees for their clients.
Start Sweater and Cardigan Knitting Business
Starting a sweater and cardigan business is of course one of the many businesses that can be started in Ghana and the owner of the business can still penetrate the world market once the design is good and it meets a need in the fashion market.
One good thing about starting a sweater and cardigan knitting business is that entrepreneurs who intend starting the business can start their own label from their home on a small scale and service a customized market like schools in the neighborhood. The bottom line is that there is always a ready market for manufacturers of sweaters and cardigans.
Start a Traveling Agency
Travel agencies render services that covers all aspect of traveling. They help their clients in securing visas (especially transit visas), purchase flight tickets, book hotels, book taxi cabs and bus shuttle services and of course make arrangement for sightseeing amongst other services.
They work in conjunction with airline companies, car rental companies, cruise lines, hotels, railways, tourist site managers and perhaps interpreters and security agencies ( supply of bodyguards et al for celebrities and other VIP clients).
So, if you are looking towards starting a business in Ghana, then one of your best options is to start a travel agency. It is a cool way of making money from the industry.
Open a Welding and Fabrication Workshop
Another highly thriving business that can be started in Ghana is a welding and fabrication workshop. When we look around where we work or reside, we will sure note items that were produced by a wielder or has been through a welding process. This is why the services of skilled welders will always be needed and the craft will keep getting attractive.
Welding is a fabrication or sculptural process that joins materials, usually metals or thermoplastics, by causing fusion, which is distinct from lower temperature metal-joining techniques such as brazing and soldering, which do not melt the base metal. This ever-blooming industry seems to be growing the fastest in recent years and is showing maximum growth in Ghana.
Open an Amusement Park
An amusement park is yet another thriving business that can be started in Ghana. The truth is that any entrepreneur can model a business after Disney Land in any part of the world and still make huge success from the business.
So, if you are passionate about making children catch fun, then you should think of starting an amusement park in Ghana. No doubt starting an amusement park requires huge startup capital and serious planning, but over and above, it is a profitable venture especially if your amusement park is well equipped.
Start an Educational Consultancy Agency
If you are an educationist or someone who has background in education matters, and you intend starting your business in Ghana, then you should consider starting your own education consulting firm.
There are many would – be international students and students aspiring to go to colleges / universities who are trapped simply because they don’t know who to talk to when they have challenges with educational matters, that is why it is important to set up your own education consulting firm.
Being an educational consultant means that you will help your clients handle all their educational concerns. You can also help your clients (international students) obtain work permits in their new country of residence.
Start an Insurance Company
Another lucrative business that can be started in Ghana is an insurance company. Please note that if you are considering starting an insurance company in Ghana, then you would be required to get an insurance license.
The process of obtaining an insurance license might not come easy, but this is depending on your influence and business network in Ghana. Any applicant of insurance license would be required to meet certain laid down criteria and sometimes it is the bureaucracy involved in the whole process that makes it difficult to obtain.
Open Organic Fertilizer Production Plant
One of the agriculture related business opportunities that an entrepreneur can successfully start in Ghana is to go into the production of organic fertilizer. Organic fertilizer which is also known as compost or manure is produced from human excreta, animal matter or decomposed vegetable/plants. It is what is used in the cultivation of organic food.
There are various sources of organic fertilizer, like the mineral source (peat et al) which is the main source of organic fertilizer. Others are animal sources, plants, and sewage sludge (bio – solids). There is indeed a growing market for organic fertilizer.
Start Caustic Soda Production Factory
It might interest you to know that caustic soda, or sodium hydroxide, is used in the manufacturing of soap and paper, plastic wrap, paint stripper, chocolate, thickening of ice cream, poultry scalding and soda, and it is the major ingredient in most oven cleaners, storage tanks and liquid drain hence the name ‘industrial cleaning agent’.
Needless to say, there are readily available markets for caustic soda no matter the part of Ghana that you decide to start your own production company.
Start the Production of Evaporated Milk
Another thriving business that can be started in Ghana is the production of Evaporated Milk. Evaporated milk is one commodity that is consumed in all parts of the world and of course those that are in the business of producing evaporated milk, are known to generate sales year in year out if the business is well – managed.
Evaporated milk, which is known as unsweetened condensed milk in some countries, is a shelf-stable canned milk product with about 60 percent of the water removed from the fresh milk. It is different from sweetened condensed milk, which contains added sugar.
Start Cocoa Production
Lastly, one of the most lucrative farming and exporting business that an aspiring can start in Ghana is to go into cocoa production or farming.
Cocoa is the chief agricultural export of Ghana and Ghana’s main cash crop. Behind Ivory Coast, Ghana is the second largest cocoa exporter in the world. If you decide to start cocoa production in Ghana, you can hardly get it wrong and you stand a chance to breakeven within record time.
51. Waste Management
Although there are a number of waste management companies in Ghana as of present, the country is still battling with more burden of filth than these companies can handle. To worsen matters, many Ghanaians are still in the habit of throwing refuse into drainages.
You can make cool money in Ghana if you start a Waste Management Business that offers to help people handle their wastes and refuse.
52. Herbal medicine
Ghanaians are now realizing the fact that not only orthodox medicine is effective in combating various ailments. There is increasing demand for herbal medications, and this has made herbal medicine more popular in Ghana. The good news is that almost all the medicinal plants that are used to handle various ailments can be found in Ghana.
So, Ghana is a fertile ground for flagging off a business that sells herbal medicine. If you go into this business, you will most likely get quick returns because herbal medicine is cheaper than orthodox medicine.
53. Agriculture and farming
Food is one of the basic needs of man and anyone that ventures into food production is sure of a never ending demand. The steady growth of Ghana’s population due to influx of investors, students, tourist, etc will only help explode the demand for food.
Ghana has soils that can support a vast variety of food crops. And yet, the agricultural sector is one of the most underutilized in the country.
The Ghanaian government hasn’t done enough to explore the sector, which comprises only a few private companies. One can liken the agricultural industry in Ghana to a gold mine, as there’s always a high demand for agricultural produce.
54. Oil and gas
Following the discovery of oil in Ghana, the country is set to join the list of petroleum exporting countries. This oil sector, still very young in Ghana, is presently begging to be explored extensively. And there’s almost no limit to the profit that players in this sector can make. Though starting an oil and gas business could be very expensive, you can venture into it if you have what it takes.
Internet access in Ghana is still very scarce and the few internet facilities available are far below average. Ghanaians are presently craving high quality internet services in their homes and offices. And they have no problems paying for such — provided the quality is kept consistent.
So, the ICT sector in Ghana is still underexplored, and you can make huge profits by launching a business that provides quality internet services.
56. Food production
Because Ghana is home to many agricultural food products, it offers the much-needed raw materials for food processing companies. And due to the fact that food is always in high demand, starting a food processing business in Ghana is a smart and lucrative move.
Better yet, you can start on a smaller scale by launching a small business or restaurant that sells foods and snacks. This business is one of the easiest to start, and it’s very profitable, too.
57. Transport services
Aside food, transport from one place to another is another necessity. And the reality in Ghana agrees with this. So, if you are planning to start a business in Ghana, but you are yet to find a promising opportunity, the transport sector is an option.
You can start a business that renders transport services, either on a small scale with few vehicles that ply short routes or on a large scale with many large vehicles that ply long routes.
58. Real estate
Though an expensive sector to break into, the real estate business in Ghana is, as is the case in most countries, very lucrative.
Following the discovery of oil in the Western part of Ghana, the nucleus of development and industrialization is gradually shifting towards the region. So, you will probably make more money as a real estate investor if you focus on the oil-rich region.
There are many business opportunities in Ghana, and more people are getting to realize this with each passing day. This has led many business-minded Ghanaians (and foreigners, too ) into various small businesses.
However, many small businesses are yet to launch and many existing ones are yet to expand — both due to lack of funds. Therefore, there is high demand for microfinance services. If you have a background in banking, especially microfinance banking, you’ll make money and at the same time help develop many small businesses.
This is another big industry in Ghana. Every year, the country plays host to many foreigners who come to behold the various tourist attractions in the country. The tourism industry in Ghana is another sector you can start a business in if you want huge gains in the long term. One glad fact about this business opportunity is that even foreigners can launch it easily.
- How to Start a Business in Kenya With No Money as a Foreigner
- 30 Best Business ideas in Africa You Can Start Today
- 10 Best African Countries to Invest or Start a Business
- Top 10 Small Business Investment Opportunities in Zimbabwe
- 10 Best Business Investment Opportunities in Egypt
- 10 Best Business Investment Opportunities in Tanzania
- 10 Best Business Investment Opportunities in Cameroon
10 Business Ideas To Start In Ghana
What are some lucrative small business opportunities in Ghana today?
There are many profitable business ideas in Ghana , which is a nation located in the Western part of Africa. It is one of the most popular countries in the whole of Africa.
She stood out in terms of so many things.
And when we talk about countries with the fastest-growing economies in Africa, Ghana is one of the countries with the fastest-growing economies in Africa to start a business in .
Nevertheless, the fact that Ghana is falling short in some aspects has opened the doors of new business opportunities for many smart entrepreneurs to take advantage of.
A smart entrepreneur will simply identify the loopholes in a community and give a solution to people’s problems- then he makes lots of money doing business with it.
But if you need the best business ideas you can start in Ghana, here are some for you.
10 Profitable Business Ideas To Start In Ghana
1. transport services.
Moving from one place to another is a necessity. Since many Ghanaians move a lot from one place to another(to go to work, school, church, and so on) and not everyone presently has a car, running a unique small business opportunity that renders transport services is a promising one.
You can look into the transport sector either on a small scale or on a large scale.
2. REAL ESTATE BUSINESS
The Real Estate sector, though money is needed, is a quite lucrative business.
Many individuals and property businesses that invested in the Real Estate industry have become millionaires in a short period. You can buy very large lands and later sub-divide them and sell them.
3. FOOD PRODUCTION
Do you need one of the best small scale business in Ghana?
There are many agricultural food products in Ghana, therefore she offers the much-needed raw materials for food processing companies. Also, as we all know that food is always in high demand in Ghana (and everywhere), owning a great food processing business is a lucrative move .
Many African countries are still far behind in terms of having splendid high-quality internet services- and Ghana is not yet an exception.
Many Ghanaians especially those running great internet businesses crave high-quality internet services in their homes and their offices. This means, there is still a loophole in the ICT sector in Ghana, and smart investors who can offer better services will draw a crowd from people interested in starting online business opportunities.
This is one of the best business ideas for graduates in Ghana .
5. OIL AND GAS
Oil has been discovered in Ghana and the country is set to join the list of petroleum exporting countries.
This ‘young sector’ in the country is the literary ‘begging’ to be explored extensively. Though going into the latest oil and gas businesses might be expensive, it is very much lucrative.
6. WASTE MANAGEMENT
In Ghana, there are many waste management companies. Nevertheless, Ghana is known to be still battling with more burden of filth than those companies can handle.
And as common to many African countries, many people in the country still have the habit of throwing refuse into drainage and littering dirt around. Then definitely, you get to invest in the waste management sector and make good money therein. Simply start a waste management business that offers to help Ghanaian handle their wastes and refuse.
And of course, who knows, if the government sees how dedicated and competent you are, they might outsource more responsibilities to you.
7. HERBAL MEDICINE
In many parts of Africa, people now know that not only orthodox medicine is effective in curing various ailments- but herbal medicines are nice too.
Therefore, many are now embracing herbal medicines; and herbal medicines are now popular in many African countries including Ghana.
8. AGRICULTURE AND FARMING
The soils in Ghana support different types of food crops. Unfortunately, concerning agriculture, it is being said that the Ghanaian government hasn’t done enough to explore this sector.
We all know that food is one of the basic needs of human beings. Anyone that will venture into a low-cost agriculture business idea in Ghana that is associated with food will keep having lots of demand.
And the fact that the Ghanaian population is growing means the demand for food will be on the high side.
9. LAUNDRY BUSINESS
This viable business is no longer a ‘crude’ one. One can invest in the laundry and dry-cleaning business and make lots of money. People need this service and are ready to pay good money to those who offer them.
Consider the fact that many people don’t have time to wash their clothes themselves, and invest in this cool booming business.
10. TOUR GUIDE
Africa as a whole is a tourism center. Nevertheless, what is scaring many tourists away from many African countries is security. But Ghana is doing well in that regard. So, you can advertise your services to tourists in their own countries and let them know you will pick them up at the airport and be a tour guide to them.
It doesn’t take a minute to share this list of business ideas in Ghana with low investment to the benefit of a friend out there, please share this post.
- Admission List
33 Lucrative Business Ideas You Can Start in Ghana
In this article, we will be looking at some lucrative business ideas that anyone can start in Ghana in the year 2023. These business ideas are quite lucrative on their own and anyone can venture into it.
With the high rate of unemployment in Ghana, a lot of people are left without jobs. Living without a means of income isn’t the best. Young entrepreneurs are grabbing opportunities to start a business. You too can also start your own business in Ghana.
It’s our delight to see you succeed, as such we will be highlighting the top 33 lucrative business ideas in Ghana for 2023.
One of the most lucrative small business ideas out there is the laundry business. You can start a laundry business with low capital and make a living from it. One interesting thing about this business is that you don’t necessarily need all the equipment to get started. You can start small and grow big over time.
Mobile Money Agent
You’ll agree with me that mobile money is a very popular means of banking in Ghana. You can register to become a mobile money agent where you charge a commission for every transaction.
As a MoMo agent, you’ll need to be registered by a mobile money operator to offer mobile money services , mainly registration, cash-in, cash-out, airtime vending, and bill payments.
Point of Sale (POS) Agent
The Point of Sale (POS) business is one of the businesses you should look forward to in the coming year. Basically, POS agents help reduce the number of individuals crowded in banking halls.
Most retail outlets now use POS machines to accept payment for goods and services. It allows you, as a cardholder, to have real-time online access to funds and information in your bank account through debit or cash cards.
Being a POS Agent in 2023 will be quite lucrative because it keeps society moving as we live in a fast pacing world. Only businesses that can keep up with the pace can flourish.
Food is an essential part of our daily lives. You can start a mobile restaurant business in 2023 and make a good amount of money from it. With a mobile restaurant, you simply deliver food to corporate clients and individual customers as the case may be.
You don’t need a physical space which is a plus in this business. All you will need is a way for your clients to make orders. Meeting clients’ orders at a swift speed will be your advantage over other traditional restaurants.
As earlier mentioned, food is a basic part of our lives. We eat to live as such the food business can never be over-saturated. If you have a good culinary skill, you can start a catering business and make good money from it.
Also, with the increasing demand for catering services in events such as weddings, dedications, graduations, etc, your services will always be in demand.
Event planning is one of the most lucrative business ideas in Ghana. It simply involves planning people’s event such as weddings, birthdays, dedications, convocations etc.
Basically, an event planner is meant to take the workload of planning an event off the shoulders of the celebrant. As an event planner, you need to have an office or at least have your phone number and contact publicly listed so that people can contact you. You may also be required to hire a hall, do the setup, and provident food caterers.
Dropshipping is one of the most profitable business ideas on the internet. Basically, it’s a type of eCommerce business where you get to sell goods that you don’t own. However, you’ll need to set up an online store and also advertise your products on different platforms.
One interesting thing about dropshipping is that you don’t need to stock the goods. You only buy from your supplier once your customer makes payment and the item gets shipped to your customer’s address.
To get started, I recommend you read our beginner’s guide on how to start a successful dropshipping business in Ghana . This beginners guide highlight all there is to know about the dropshipping business.
Unisex Hair Salon
Looking good is a good business and it requires money as well. With a society consisting of people who are very conscious of their outward appearance, you can make a lot of money while offering them your services.
You can actually start small and then with time expand your business premises. Once you’re good at it people will naturally flock your shop.
If you’re a lover of beauty, then this business is for you. The cosmetic business is a billion-dollar business industry. To get started you need to do thorough research on what you actually want to deal with.
We’ve written a completed guide on how to start a profitable cosmetics business in Ghana . You should take a look at it for more insight.
The beauty industry is never saturated. Everyone has a role to play including a makeup artist. With people interested in beauty aesthetics, you can surely make a lot of money while offering your services.
However, to get started, you’ll need to get some training on how to become a professional maekup artist.
Lounge or Relaxation Center
This is one of the most hidden lucrative businesses out there. Owning a relaxation center in highbrow cities of Ghana can really be a good source of income.
A lot of people especially the working class are always on the lookout for lounges to relax either after the day’s work or during the weekend. It brings more income if it’s doubled as a viewing center.
The conventional business of buying and selling is still a very lucrative one. To make money from mini-importation, you need to, first of all, learn what it is. I recommend you read our guide on how to start a mini-importation business in Ghana .
In addition to that, you can get free e-books on how to import cheap goods from countries like China, Vietnam, and Australia and sell them in the Ghanaian market. It is good to import products with high demand .
Network marketing has come to stay and believe me, it’s very lucrative if you have the flair for it. This form of marketing has laid a foundation for you to earn via a referral bonus.
Interestingly, network marketing is also going digital. This ensures sustainable growth and progress of businesses. In 2023, anyone that can pull a number of referrals for a business will be a well-sought-after individual.
Another lucrative business idea is courier services. With this business, you aim to solve problems arising from goods deliveries. Starting and getting your courier service running requires little capital, however, if well managed, it can be very profitable.
The business simply involves you delivering products and goods from one point to another point within a particular city. Sometimes even from one city to another and with advancement, from one country to another. People will always have the need to transport goods from one location to another so this venture will definitely be profitable.
Digital marketing is a business of the 21st century and it’s not going anywhere anytime soon. With no capital and little technical know-how, you can get started. However, you’ll be required to run organic and inorganic campaigns, sponsored social media advertisements, and Google Ads for clients in order to achieve maximum digital marketing results. Your clients will expect impressive ROIs so you have to give it your best shot. This is one other lucrative business idea for 2023.
One of the business ideas that readily comes to mind is fashion design. Interestingly, this business has been around for years, however, the industry is ever booming. You can start a fashion design business today and make a lot of money from it.
You can choose which area of fashion to venture into. However, if you’re starting big, you can open a fashion house for every type of fashion. You could for fabric, cotton, casuals, and corporate wear.
Another lucrative business idea you can explore in 2023 is interior decoration. This business is all about aesthetics. You will be in charge of tasks such as selecting colour schemes, purchasing new design items, arranging furniture layouts, and hanging wall art. Think of yourself as an expert who can help people bring an entirely new look to an existing space.
A digital photography business is one of the most lucrative business ideas in Ghana. If you know how to handle a camera and make people look even more beautiful, then this business is for you.
However, if you have no prior idea about photography, I recommend you get some training. Also, there are so many online resources where you can learn more about photography.
Mobile Phone Accessories Sales
The typical sale of mobile phone accessories can never go stale. Mobile phone owners will continue to increase and will continue to be in need of accessories. You may need a little start-up fund to purchase some ground accessories but once fully invested, your profit is guaranteed.
Mobile Phone Repairs
This is a good business idea that can fetch you a good amount of money in 2023. However, you’ll need to learn how to repair and maintain mobile phone. Interestingly, with less capital, you can get trained and also set up your business.
All you need to start is a little training, a laptop, software tools, some regular home tools (screwdriver, soldering iron, brush, battery tester, etc.), and some marketing to let people know what you do. Additionally, you also incorporate sales of mobile phone accessories t your business.
Health and Fitness
Another lucrative business idea in Ghana is by promoting health and fitness. Recently, fitness has become a trend in Ghana. All you need is experience and proper documentation to get started.
Once that is done, you can set up a gym or fitness studio. You might also consider the cost of buying gym equipment.
If you have zero capital but you have years of experience plus a compelling weight loss success story, you could offer personal training services. If you’re a regular gym member, you may invite your clients over, or you could also provide home service.
Affiliate marketing is the process of earning a commission by promoting other people’s (or company’s) products. You first have to find a product you like. Then promote it to others and earn a piece of the profit for each sale that you make.
To become a top-notch graphics designer, you will need to have taken some online courses to polish your skills but after that, everything else comes with ease and so also the profits. Graphic designing is a well-sought-after business that will definitely go beyond years to come.
One of the most profitable online business opportunities in Ghana is blogging. Though it requires a bit of hard work and patience, it is a business that can generate you a consistent income for a long time if you do it right.
To be successful in this business, your aim must be to create value and help them solve their problems. Once you do all these things, the money will be coming in overtime.
We have written a comprehensive guide on how to start a blog in Ghana for beginners . I encourage you to take your time and go through it.
Start a Bookmaking Business
A lot of people might want to bring up the moral justification of bookmaking. However, it is one of the most successful ways of making money in Ghana.
The bookmaking and sports trading business is one of the most lucrative businesses in Ghana. It is also one of the businesses that require the highest capital to set up. If you have the cash, you should look into sports bookmaking.
Start a Travel/Tourism Agency
Starting a travel or tourism agency can be a little bit on the high side, but the profit is enormous. This business will need time to mature, however, in the long run, your business will become a household name.
To start up this business, it’s very important to create a website, rent an office and hire at least two travel agents.
Another lucrative business that actually pays well is the car wash business . The need for car wash will always be on the rise and anybody can do this business irrespective of age.
With a little more capital, you can start a car wash that appeals to upwardly mobile individuals by setting up a sitting area decorated with a TV set where your customers will sit while their cars are being washed.
The Rental service business is a very lucrative one. Some of the things you can start contracting out includes chairs, canopies, vacuum cleaners, cutleries, cooking utensils, music box, ladder, etc. Once you are known to be engaged in this business in your environment, you may not be able to meet demand.
If you have an interesting range of expensive gadgets or equipment, you might consider exploiting them for side income businesses hiring them out on hourly use basis. If the business gets going, you can add more items as you discover what people like renting.
Eggs Supply and Distribution
Eggs supply and distribution business is one of the most lucrative businesses in Ghana today. You can supply eggs to restaurants, eateries, schools, etc.
Supply of eggs is a business that can be started on a small scale and grow to become a big venture. If you want to go into this business, the first thing you must do is to identify poultry farms that produce quality eggs and/or large egg distributors.
Thereafter, look for your potential customers. Establish contact with them and then you’re good to go.
Liquid Soap Production
The market for liquid soap in Ghana is so large that well-established brands are not meeting demand. Every household in the country needs this product. So there will always be a demand for it. You just have to be the one supplying.
To get started, you may have to acquire some training that is available at vocational centres run by churches, government, and non-governmental organizations. Create a large market by branding and fine packaging.
Concrete Block Production
If you’re in the construction industry, you should actually be looking at the concrete block production business. This business is all about making concrete blocks for buildings. You can get a machine for block molding and save yourself some trouble.
With a fast-growing population, the need for shelter especially in the urban areas is fast rising, and you can provide concrete blocks and other services when needed.
This is one of the most lucrative business ideas out there. Interestingly, the market is not saturated. You too can venture into this business and make money for yourself. See our guide on how to start a lucrative t-shirt printing business in Ghana .
Yes, you heard it here. Farming is one of the most lucrative businesses in the world. With food shortage in the country, you can make a lot of money by starting a farm in Ghana. You can choose one of the lucrative farming business ideas to get started.
RELATED ARTICLES MORE FROM AUTHOR
How to write a winning business proposal [a comprehensive guide], how to write a business plan [a comprehensive guide], how to make money with google adsense in ghana (2023).
Good ideas thanks
LEAVE A REPLY Cancel reply
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
- Advertise With Us
- [email protected]
- Team Members
- Join As Partner
- Business Advisory
- Photo Gallery
- Video Gallery
Small business ideas in Ghana
Some small business ideas in Ghana are stated in the following that the Ghanaian can start to make income and help the Ghanaian economy with the full pace.
Ghana is still battling with more burden of filth though there are some companies of waste management in the country and the reason is the amount managed by the companies are lower than the produced waste in the country. The worst thing is many Ghanaians are still in the habit of throwing waste into drainage. So, this is a big opportunity of making money in Ghana if the entrepreneurs start a waste management business that offers to help people handle their wastes and refuse.
Not only orthodox medicine is effective in combating various ailments and the people of Ghana have realized the fact. This is considered the main reason of increasing demand for herbal medications in Ghana along with making herbal medicine more popular in Ghana. The most amazing thing is almost all the medicinal plants that are used to handle various ailments situated in Ghana and it is now clear to all that Ghana is a fertile ground for flagging off a business that sells herbal medicine which are cheaper than orthodox medicine.
Agriculture and farming
Food is the basic needs of human being and the demand of food is increasing because of increasing population in Ghana. The agricultural sector is one of the most underutilized in the country and the most important thing is Ghana has soils that can support a vast variety of food crops. Some of the private companies are contributing in this sector though the contribution of government is not enough to explore the sector. As there is always a high demand for agricultural produce, people can like the agricultural industry in Ghana to a gold mine which can be a great business in Ghana.
Oil and gas
The oil and gas sector in Ghana is an enrich sector and in this reason, the country is set to join the list of petroleum exporting countries. The oil sector of Ghana is gradually improving and it is presently begging to be explored extensively. The most amazing thing is there is no limit to the profit that players in this sector can make through following the discovery of oil in Ghana. The investors can make a venture to start of oil and gas as the business could be very expensive.
The present condition of internet access is still very scarce in Ghana where the few internet facilities available are far below average. Starting business in the ICT sector could be profitable because Ghanaians are presently craving high quality internet services in their homes and offices and the most important thing is they have no problems paying for such if the provided quality is kept consistent. So, the ICT sector in Ghana is still under explored and the interested entrepreneurs can make a huge amount of profit from there.
Ghana offers the much-needed raw materials for food processing companies because it is considered the home too many agricultural food products. Starting a food processing as small business ideas in Ghana is a smart and lucrative move for the entrepreneurs since food is always in high demand around the world. Food production business is one of the easiest to start and the entrepreneurs can start on a smaller scale by launching a small business or restaurant that sells foods and snacks which is really a profitable business.
Transportation is another necessary thing in the fast world and the reality in Ghana agrees with this. Transport for passengers, carrying food from one place to another is another necessity and this is a promising opportunity for the entrepreneurs who have an interest in the transportation sector. The interested people can start a business that renders transport services that ply short routes or on a large scale with many large vehicles that ply long routes in Ghana and it will be a profitable sector in the next few years.
Real estate sector in Ghana is the most expensive sector as well as very lucrative like other countries. The nucleus of development and industrialization is gradually shifting towards the region following the discovery of oil in the Western part of Ghana. If the investors focus on the oil-rich region, they will surely make more money as a real estate investor.
Money is the big factor to start any kind of business and many small businesses are yet to launch and many existing ones are yet to expand for the lack of funds. Therefore, there is high demand for micro finance services. Those who have a background in banking, especially micro finance banking, they will easily make money and at the same time help develop many small businesses.
This is another big industry in Ghana and investors can make profit from there. Tourism is another small business ideas in Ghana for local and/ or foreign investors.
Note: If you like to setup/ register new company in Ghana being foreigners and knowing company registration fees in Ghana are requested to contact us.
Md Forhad Hossain
(BA-Hons, MBA, LL.B, LL.M)
Feel free to contact me for any service related issue
Whatsapp Skype Email
Customer Service-International Desk
Ghana foreign company registration-business formation, company registration fees in ghana , small business ideas, business plan in ghana, how to start a business, how to register a company in ghana, how to start a business in ghana, accounting and audit, contact information.
Address: Accra, Ghana
Email: [email protected]
CAN WE HELP?
Company registration expert since 2012.
Top 25 Business Opportunities in Ghana in 2023/2024 (Start Earning Today)
Do you reside in Ghana or you are planning to move there, and you don’t know what to do? Here are 20 business opportunities in Ghana with which you can make a good living.
Ghana has been rated as both a peaceful and thriving economy for growing businesses. One of the famous exports of this West African country is pure cocoa.
Ghana is the second-largest producer and exporter of cocoa in the world. The country has beautiful beaches, tourist attractions, and natural resources.
Ghana is a comfortable place to settle and build a business because the economy is open for investors to make good earnings.
However, one of the significant challenges faced in starting up a business is raising needed capital. We, therefore, bring to you businesses that require very minimal investment capital to kick off.
So, if you want to start up something with a little capital, then you should pay adequate attention to every detail in this post.
Business Opportunities in Ghana
There is a wide range of business to do in Ghana. The one to go into depends solely on your interest, passion, and funds. Below are the business opportunities in Ghana that you can explore.
Art Gallery or Services
The beauty of art calms the mind and makes the world an exciting place. There are different aspects of art such as calligraphy, painting, sculpture, drawing, brass works, street art, etc.
Whichever point you find a passion for and have the ability to handle efficiently will be an excellent means of income if you channel your investment correctly.
With adequate publicity, especially the use of social media art galleries, you can work with other brands and grab endorsement opportunities.
This is one of the lucrative business opportunities in Ghana, so if you are good with art, then go into it.
Car Dealership Business
Another excellent business opportunity in Ghana is the car dealership. People in the car dealership industry sell and buy both new as well as fairly used cars.
Some aspects you can venture into are online used car dealerships, locally produced car dealerships, imported car dealerships, luxury car dealership businesses, and multi-branded as well as multi–maker car dealerships.
There are high demand for automobiles in Ghana, primarily used cars because they are mostly affordable.
Online baking store
This is an internet-based business. With the knowledge and skills of baking or the help of a baker, you can easily pull this off. This business is suitable for people who cannot afford to run a physical shop or are busy with home duties.
Discover your niche and then create various social media handles or set up a small website using a significant name.
Then display your baked goods and place a price tag on them, advertise, and start selling. So, if you are an excellent baker, why not pick this business opportunity and start making money?
Auto repair workshop
This business requires you to have extended knowledge about parts of the machine and be able to examine as well as fix them when they are faulty.
Technical skills in this area will serve as a boost. You can get a workspace and the necessary tools. Once you have those, start publicizing your business through every means possible.
Football is arguably the most-watched sport in the world. Africans are known to have an unrivaled love for football, especially Ghanaians.
Ghanaians love football wholeheartedly, and so you can tell that financing football will be quite lucrative.
Training young and talented players is an avenue for gains. You will get a lot of support, even from the Ghanaian government as the business is advantageous to the development of Ghanaian football.
You should analyze this if you have a talent for football and the necessary skills.
If you have previous farmyard experience and love nurturing seeds to grow, this business is suitable for you. First, find out what plants sell the most and invest in them.
Gradually, add other highly demanded staple plants and consider expansion after profit.
Invest in solar power
The recent shift from non-renewable energy to renewable power is no news. This is because renewable electricity is cheaper in the long run, and it has little or no disadvantageous effects on the environment.
One of these renewable power sources is solar power. Businesses and family quarters require this as paying continually for electricity from the grid is expensive.
You can make this your enterprise by either selling, installing, or repairing solar panels and inverter batteries.
One of the most lucrative business opportunities in Ghana today is fitness training. If you are knowledgeable in the fitness sector, you can make this a root profit instead of just a hobby.
Begin an Instagram page and post pictures as well as videos of yourself working out then advertise your services. Take some fitness lessons for certification.
You will attract a lot of traffic in a short while, especially if your prices are not high.
Clothing is a basic need of every human being. With the right approach, selling clothes will forever be fruitful. You can either buy clothes in bulk and resell them or make them different from customizing clothes for your clients.
Ghanaian men and women will pursue after you for their clothing needs. You can, however, sell online for a wider reach.
Open a Fast Food Restaurant .
First, conduct a detailed market survey and feasibility studies before the start of business. Your ability to re–strategize and always up your service delivery will help you stay competitive.
Use a hygienic environment and clean utensils to avoid contamination. If you are good at cooking, you can do it yourself. However, if you can’t, you might need to employ a good cook.
Ghana has matured into one of the best tourist destinations in Africa. You can get a safari jeep and become a tour guide. You can also hire out your vehicles to tourists at a reasonable charge.
Construction and building materials
Starting a construction business is capital concentrated simply because of the type of heavy-duty equipment that is required to carry out a construction project and also the cost of managing a large workforce.
The construction industry needs vast startup capital but is highly profitable. If you have the expertise and capacity to produce good quality jobs- it is a plus. The primary clients for construction companies are governments and the private sector.
Ghana is a dominant producer of cocoa, meaning producing chocolate is quite affordable. People will pay good money for a quality product, especially one that is from a legitimate source.
So, you can venture into chocolate production in Ghana.
Fish is one of the most eaten animal protein sources in Africa. A lot of pupils have gone ahead to gain experience in this trade and are making good money.
You need to learn the essential tips of fish farming and then set up your farm. You don’t have to start big because beginning on a small scale isn’t a bad idea and you can, however, expand from there.
Selling fruit juice
This business is one of the most comfortable to run. All you need is a minimal capital, your mixer, and your raw materials. The most suitable place to set up your kiosk is close to a school.
Students will flood your stall at break time or after school hours. You can also make a tourist center your market. You will sell more and make good money.
You can set up a small shop where people can braid their hair. Adding home services is a little expansion and allows for mobility.
Most stylists prefer home services because they pay more. Pedicures, manicures , exfoliation, bridal decorations, and wedding décor can be learned and added later on.
Makeup classes and cosmetics
Makeup has shifted to one of the most profitable businesses today. It is not only for women but several other aspects of life like in movies and stage play.
If you have this experience, you can turn it into a money-maker. Set up training classes for students who are ready to learn and your lessons could be physical or online.
You do not need a thousand cows to start selling your milk. You can start with five cows, find out your target market, and start selling your milk daily.
This is a complete small-scale business you can start with minimal costs.
People are continually looking for ways to deliver items from one point to another without any damage in transit. You will get a lot of patronage if your services are efficient. You can send items within the region or outside it.
Cell phones and Technological accomplices
People can hardly go a day without their phones anymore, so investing in a phone shop is going to fetch you huge profits. You need to know what phones are in high demand in the market.
You can also sell accessories like cords, phone chargers, earpieces, and Bluetooth devices, amongst others.
Eco-friendly Products and Services
With the growing global concern for the environment, there is a rising demand for eco-friendly products in Ghana. Consider starting a business that offers sustainable alternatives, such as reusable products, organic goods, or environmentally friendly services.
Tech Solutions for Agriculture
Agriculture is a significant sector in Ghana, and integrating technology can revolutionize farming practices. Develop solutions like agricultural apps, farm management software, or even smart farming equipment to enhance productivity and efficiency in the agricultural industry.
The demand for quality education is constant. Tap into the educational technology sector by creating online courses, educational apps, or virtual tutoring services. This not only addresses the need for accessible education but also aligns with the global trend towards digital learning.
Renewable Energy Solutions
Ghana has abundant sunlight, making it an ideal location for renewable energy initiatives. Explore the possibilities of starting a solar energy business, offering solar panel installations, or providing innovative renewable energy solutions to cater to the energy needs of both residential and commercial sectors.
Health and Wellness Tourism
Ghana’s rich cultural heritage and natural beauty make it a potential hub for health and wellness tourism. Create wellness retreats, spa resorts, or holistic health centers that capitalize on the country’s serene landscapes, offering both local and international visitors a rejuvenating experience.
Please don’t hold back. Take your time to check out which of these little capital businesses can benefit you with little to no stress. Also, consider starting a small business as a side hustle. Invest now and start counting your profits.
I hope you find this post useful, feel free to recommend this post to your friends as well as family.
About the author, leave a comment cancel reply.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
- Cart 0 View Cart
- Inquiry Basket 0
- Track your Order
- Case Studies
- Submit Manuscript
- Project Consultancy, Reports & Profiles
- Feasibility Reports List
- Project Identification
- Market Research Report
- Directory & Databases
- Middle East
- Rest of the World
- Best Industry
- Best Business Ideas
- Startup Business Ideas
- Startup Consulting Services
- Useful Readings
- Pdf and Docs
- Business Listings
- Add Your Company
- Emerging Business Opportunities in Ghana
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4
NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.
Our various services are: Detailed Project Report, Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.
NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.
Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.
And before diversifying/venturing into any product, wish to study the following aspects of the identified product:
• Good Present/Future Demand • Export-Import Market Potential • Raw Material & Manpower Availability • Project Costs and Payback Period
We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.
The report contains all the data which will help an entrepreneur find answers to questions like:
• Why I should invest in this project? • What will drive the growth of the product? • What are the costs involved? • What will be the market potential?
The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.
The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.
Reasons for buying the report:
• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product .
• This report provides vital information on the product like its definition, characteristics and segmentation .
• This report helps you market and place the product correctly by identifying the target customer group of the product.
• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials .
• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.
• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.
• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players.
• We use reliable sources of information and databases. And information from such sources is processed by us and included in the report .
Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:
· Project Introduction
· Project Objective and Strategy
· Concise History of the Product
· BIS (Bureau of Indian Standards) Provision & Specification
· Uses & Applications
Ø Market Study and Assessment
· Current Indian Market Scenario
· Present Market Demand and Supply
· Estimated Future Market Demand and Forecast
· Statistics of Import & Export
· Names & Addresses of Existing Units (Present Players)
· Market Opportunity
Ø Raw Material
· List of Raw Materials
· Properties of Raw Materials
· Prescribed Quality of Raw Materials
· List of Suppliers and Manufacturers
Ø Personnel (Manpower) Requirements
· Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel
Ø Plant and Machinery
· List of Plant & Machinery
· Miscellaneous Items
· Appliances & Equipments
· Laboratory Equipments & Accessories
· Electric Load & Water
· Maintenance Cost
· Sources of Plant & Machinery (Suppliers and Manufacturers)
Ø Manufacturing Process and Formulations
· Detailed Process of Manufacture with Formulation
· Packaging Required
· Process Flow Sheet Diagram
Ø Infrastructure and Utilities
· Project Location
· Requirement of Land Area
· Rates of the Land
· Built Up Area
· Construction Schedule
· Plant Layout and Requirement of Utilities
Project at a Glance
Along with financial details as under:
Products & Services
- Laboratory Trial Based Products
- Entrepreneur India Magazine
- Career Option
- My Account Home
- My Shopping Cart
Accepted Payment Methods
- Street View
© 2015-21. All rights reserved