The best business ideas in Ghana are listed here after a thorough analysis of the country’s entrepreneurial ecosystem. You will also discover priceless guidance on how to apply these concepts.
Vegetable farming
Basic veggies are always in demand. It is a well-known truth that veggies always cost more in the neighborhood markets. Always imported from nearby nations is what is lacking.
Do you have access to an irrigation system and a sizable farming area? Then you should think seriously about starting a vegetable farm. There is always a market for produce like carrots, onions, tomatoes, and garden eggs.
Uber
Owning an Uber is another profitable business in Ghana. It only takes between GHC25,000 and GHC40,000 to start a highly profitable business.
The rapid and astoundingly large returns of Uber are what make it so appealing. If you borrow money to pay for your cabs, you should be able to repay it in a few years. Be aware that the traditional taxi business model, in which a driver is hired and paid a weekly or monthly salary, is no longer widely used.
You may not find a good driver with this strategy, and even if you do, he or she will want to burden you with one maintenance issue after another. It is more common these days to offer the driver the car on a work-for-pay basis.
To accomplish this, insure the vehicle with comprehensive insurance, install a vehicle tracking system, total all costs, and then multiply by two. This is the amount you will eventually recover from your investment. Divide it by the total number of weeks in the next two years. Your driver would be required to deposit this amount into the account once a week.
Next, open a separate bank account for the driver. Allow the driver to work while you deposit into your account. You should keep an eye on this to ensure that the contract is progressing properly and smoothly. Make sure your contract includes default provisions, and don’t forget to include a car tracker.
Photography services
With the rise of social media, every company and practically every famous person or public figure now needs expertly taken and edited photos. Additionally, they require them frequently every few days for social networking and content production.
It is simple to understand how the photography budget for contemporary weddings alone might support a photographic services company’s success.
Five photos cost GH200 in some of Accra’s premier photo studios. Having about 10 customers a day will enable you to run a prosperous business. In just a few years, with the addition of appropriate marketing and home service, you may become the market leader.
Barbing salon
Running a barbershop is one business enterprise we can bet on. You will only need a well-equipped shop and a few qualified personnel to get started. You can draw in the entire middle class in your city if you add some high-quality branding and provide competent service.
Consider expanding your barbershop by having your staff work in shifts and opening more locations. You can also make advantage of technologies and services for business enhancement like reward programs and couponing. Provide consumers with specialized home services for a fee.
Food and drinks
Restaurants and small beverage manufacturing firms are two examples of this. Many of them manufacture locally produced packaged juices, cereals, pastries, etc. Catering is one of the most profitable industries worldwide.
The fact that the cost of making the food or drinks is usually a little portion of the revenue is what makes it so successful. You may easily make over 400% profit with just a basic understanding of home economics.
The return on your investment will quickly soar if you adorn your business location and add some sound business judgment, advertising, branding, and packaging.
You may also find these articles helpful
Start an IT business in Georgia
Start an IT business in India
Start an IT business in Indonesia
