Are you a Ghanaian considering to take the bull of entrepreneurship by the horn? Or perhaps you are looking at investing in Ghana. We have curated a list of 30 profitable small business ideas that would help you narrow your focus. Ghana is a great place to start businesses. It has an excellent infrastructure and an educated workforce, making it an ideal destination for foreign investors. This article will discuss the main factors making Ghana a perfect place to establish a business.
How easy is it to start a business in Ghana?
The country is an excellent place to start a business because of its low cost of living and friendly people. It has a lot of growth potential and will continue to attract many investors because it’s easy to do business in Ghana. The government offers incentives for small businesses like tax holidays, grants, and loans from banks or credit unions. You can even apply for grants from NGOs that provide capital funding for new startups or small businesses in your area (like Grassroots Fund).
Is Ghana a good business place?
Ghana also has a good business environment, making it an ideal climate for businesses to thrive. This can be seen from the fact that many industries have been established or developed here, such as textiles, construction materials, and food processing plants. The country is rich in natural resources such as gold ore which makes it attractive to investors looking for high returns on their investments due to the high prices of precious metals globally today (Gold Standard Institute). Furthermore, there are plenty of opportunities available if you want something different from what’s already happening on the market; this means that you’ll be able to find something suitable even if you don’t know where exactly your niche lies yet.
How can a foreigner start a business in Ghana?
You need to meet several requirements to start your business in Ghana. Most importantly, you will need a valid Ghana visa. If you do not have one, it may be easier for you to start your business. There are many other legalities involved with starting a business in any country. You should also be aware that specific permits and licenses may be required before starting up your small business in Ghana, such as:
- Business Registration Certificate (BRC) – This document will list all the details about who owns what company within its premises; this includes shareholders’ names, directors’ names, etc., as well as contact information for local authorities such as police stations/fire stations, etc… It also contains essential information about employees’ salaries & benefits packages, etc.
Franchise Opportunities in Ghana
Align yourself with a great franchise and cut through the stress of starting from scratch. We’ve got you covered if you’re looking for a franchise opportunity in Ghana. Here are our top 5 franchise opportunities:
#1. Vino Mobile
Vino Mobile is a mobile bar serving wine and cocktails on the go. The company has a fleet of mobile bars in Ghana, Nigeria, and South Africa. Kevin Abayomi is the founder of Vino Mobile and founded KFC in Ghana.
KFC is a fast food restaurant chain specializing in fried chicken and headquartered in Louisville, Kentucky, in the United States. The company operates under several names, including KFC and Kentucky Fried Chicken (KFC), but these are just different ways of saying the same thing. KFC has over 20,000 restaurants as of December 2018, with more than 10 million employees worldwide. The first outlet was opened by Harland Sanders at his Corbin, Kentucky restaurant in 1952. The only difference between his recipe for fried chicken and other recipes was that it used cheaper ingredients like flour instead of white bread crumbs or cornmeal.
#3. Manna Inc.
Manna Inc. is a Ghanaian company that provides a wide range of services, including real estate, healthcare, security, and education. The company has over 15 years of experience in the sector and currently maintains its position as one of Ghana’s largest real estate firms. Mr. Joseph Agyapong founded the firm in 1997 with just three employees; today, it employs over 200 people across all its divisions: Residential Properties (RPP), Commercial Properties (COP), Lending & Leasing (LL), and Construction Management Services (CMSS). Manna Inc.’s RPP division offers residents an array of homes, from affordable villas to luxury apartments; these include new constructions within areas such as Tema West or Takoradi and refurbished properties from other parts of Ghana like Accra or Kumasi.
#4. Fruity Ice Cream Shop
The Fruity Ice Cream Shop franchise is an excellent opportunity for those who love making and selling ice cream or want to start their businesses. The franchise is located in Ghana and offers customers a wide range of flavors, which means you’ll be able to cater to all tastes. Fruity Ice Cream Shop also has a fantastic location: there are three different branches in Accra, Kumasi, and Takoradi, with more planned for the future.
#5. Teensy Pies and Bakes Franchise
Teensy Pies and Bakes is a franchise opportunity that sells pies, cakes, s, and other baked goods in Ghana. The company is based in Accra and has over 100 stores nationwide. The company has a solid social media presence with more than 2 million followers on Facebook, Twitter, Instagram, and YouTube. They also have a website where you can buy their products online or visit the store location nearest to you. Their reputation for quality products has helped them gain popularity among customers who want something tasty but affordable.
Websites to Find Businesses for Sale in Ghana
This is the place to start whether you’re looking to purchase a business or invest in one. We’ve compiled a list of websites that will help you find companies for sale in Ghana.
Smergers is a website that allows you to find businesses for sale in Ghana, and it’s one of the best places to start your search. This is what you want if you’re looking for an opportunity with no strings attached and minimal fees. Smergers is based in Accra, Ghana—where many people are moving away from traditional methods of doing business because they don’t see any value in them anymore (or at least not enough). As such, Smergers can be counted on as being among those who understand what works when it comes down to marketing your products or services online: namely getting others involved so they can share their own experiences with others like them who might also be interested in buying something similar themselves.
Franchisedirect.com is a great place to start your search for franchises in Ghana. The website has a comprehensive database of franchise opportunities and is easy to navigate. It also has an impressive layout that makes it easy to find precisely what you’re looking for.
If you are looking for a business for sale in Ghana, then Businessforsale.com is the website to visit. It has an extensive database of businesses for sale globally and provides valuable information about each company you can use as an investor or entrepreneur.
The main features of this website include the following:
- Search function – You can search through their database using your criteria, such as location, size of business, etc., to find the right fit for your needs.
- Blog – This blog contains articles written by experts on various topics related to investing in businesses or starting up new ones.
If you’re looking for businesses for sale in Ghana, Business-asset.com is an excellent place to start. It lists all the relevant information about each company and its owner, including contact details, location, and price range. The site also provides an overview of each business type (e.g., retail or hospitality). Finally, it briefly describes what makes up this type of company—what products do they sell? How many employees does it have? Are there any special perks associated with working there?
Globalbx is a business-for-sale marketplace and online business-for-sale website. Globalbx offers you the opportunity to sell your business in Ghana, Burkina Faso, Nigeria, or any other African country. You can also give it away for free if you want to do so.
Online and Technology Business Opportunities in Ghana
There are many ways you can set up a business in Ghana. From digital marketing to cryptocurrency trading, there are numerous opportunities you can use to start your own online technology company. The internet is a great way to make money online, and there are many opportunities for you to use the internet as your business platform. You first need to understand what makes people want to buy products or services from other people who have already established themselves in this market. For example, if you’re selling information on how to become successful at something like sports or music, people will be interested because they want access too. The second thing that will help you develop an effective marketing strategy is by using social media sites such as Facebook and Twitter, where everyone can see what’s being posted by others every day throughout Africa (not just Ghana). This helps create awareness about what’s happening right now, so when someone decides they want something similar later down the line. It would be easier since plenty will be written about them beforehand.”
#1. Digital Marketing
With the knowledge of Digital Marketing, you can start a digital agency. It would create a monthly stream of income by taking a fee from businesses to help them sell their products or services. Having 10 business who pay you $100 every month would easily generate $1000 for you.
#2. Social Media Management
Most businesses are looking for people who can help them manage their Social media pages. Reach out to small businesses in your area and offer to manage their social media pages. You can start by doing it for free to build a portfolio and gain the relevant experience. You can use social media for business in many different ways, including:
- Creating blog posts that are relevant to your niche or industry
- Promoting events and sales through an event calendar (like Facebook’s)
- Creating videos about how-to guides or tutorials on products or services (like YouTube)
There are two types of social media channels: owned – like Facebook, Twitter, and Instagram – and sponsored – like LinkedIn ads or Google AdWords ads. Both types have their pros & cons, so it’s important that when deciding which way works best for your brand/business model, try out both options before choosing one.
#3. Content Writing, blogging, and affiliate marketing
Writing for the web is different from writing for print. You have to be concise and to the point, not wasting time or space on unnecessary details. There are many ways to make money from writing for the web, including affiliate marketing and blogging. The web is a different medium; you can’t just copy and paste your print writing onto it. If you want to make money from writing for the web, you must learn how to write differently.
#4. Graphic Design
Graphic design is another profitable business opportunity in Ghana. You can start by offering your services to friends and family, or you can offer them to local businesses. This is an easy way to start with graphic design because many people need this work done. Designing logos, banners and websites is one of the best ways to make money online in Ghana and other African countries like South Africa and Nigeria. Many entrepreneurs have created their businesses thanks purely to their ability to design graphics for them.
#5. Cryptocurrency Trading
Cryptocurrency trading is a form of online trading involving buying and selling digital money. This is a highly lucrative business opportunity in Ghana, where you can earn huge profits from cryptocurrencies and other digital investments such as Forex trading. Cryptocurrency trading is one of the best ways to make money online today because it offers high returns and low risks compared to other financial products such as stocks or bonds. The best part about cryptocurrency trading is that you can do it from home using your computer or smartphone at any time, anywhere in the world.
30 Profitable Small Business Ideas in Ghana
The Ghanaian economy is booming, and many people are starting their nesses. But it would be best if you had the capital to start a profitable small business in Ghana, and there are many ways to get it. You can use your savings, borrow money from friends and family or even take a loan from a bank or credit union. However, some people need more money to invest in their businesses, so they need ideas on generating more profit before proceeding with any investment. Here are 30 profitable small business ideas in Ghana:
#1. Agriculture and Agro-processed Products
Agriculture and agro-processed products are the most profitable small business ideas in Ghana. The importance of agriculture cannot be overstated, as it has been a driving force behind our economy for centuries. It is also an industry that can employ many people at once and provide them with a decent income. However, this is not always easy to do because there are so many different crops to choose from, each with its market niche (such as cocoa beans).
Blogging is the act of publishing online content on your website. It’s a great way to share your knowledge with the world and can be an excellent way to make money from home. Depending on your niche you can make anywhere between $3000 to millions of dollars. Although this would take a while. You need to have a consistent audience of monthly clicks on your website connected with Google AdSense to make money.
#3. Sell an EBook
One of the best ways to make money from your small business is by selling an E-Book. An E-Book is a digital book that you write and sell online. You can use this method to market specific products or services or make yourself some extra cash. Imagine selling an e-book of GHs 100 to 10,000 people, that would make you over GHs 100,000. The benefits of digital products is that once created it would continue to earn you a consistent passive income.
If you’re looking for a way to make money in Ghana, consider starting a bakery. This is an easy business idea that can be started with little capital and require minimal overhead costs. The location of your bakery should be near people whose products and other businesses are on the same block or within walking distance of each other.
- Location: You need to find an ideal spot where people can walk by while they wait at the cashier or pick up their order and go home with it. It might help if nearby parking spots were available so customers could come to k up for their goods without having them wait around all day.
- Equipment: A good oven (preferably three-oven) that has been used before is essential for baking bread, cakes, pies, etc., as well as cookies which require different temperatures depending on what type they are made out of (eggy cookie dough needs more heat than regular chocolate chip cookies). If possible, try finding someone who has had experience working with these types of machines before because then, when something goes wrong (which happens often), we’ll know how much trouble fixing it would cost us instead of just guessing blindly based on our prior knowledge about how things work together under normal conditions.”
#5. Carwash Services
Carwash services are a great business, as they require little startup capital and can be expanded into a more extensive operation. You can do it yourself or find someone to do it for you. The business is profitable, scalable, and always in demand by people who need their cars cleaned. From here you can add other complimentary services likes selling car accessories or fun gadgets.
#6. Fish Farming
Fish farming is a profitable business idea, it’s a low-risk investment, and you can earn money from day one. The first step to starting fish farming is finding the right equipment for your farm. You need to know how much money you want to invest in getting started with this project and what type of fish will work best for your environment and climate conditions. Then buy some cages or tanks and fill them with water, so they’re ready when it’s time to plant seeds or eggs on them. Once these supplies have been purchased, all that remains is waiting until they sprout into adult fish! Now that those little guys are big enough (or at least look big enough) let’s get cracking–we’ll need more rooms so that we don’t run out before spring arrives again next year. You should also think of exporting to other countries and make thousands of dollars from your fish export business.
#7. Laundry Services with Wash and Dry Machines
Laundry services are always in demand, but they can be done at home or in a commercial space. You must find a place to store your laundry and hire staff. It would help if you started with a washing machine and dryer, as these items are purchased for less than $500 each. Your business will need to find customers who want their clothes washed by someone else instead of doing it themselves (you). These customers might also take advantage of the fact that you’ll be offering free pickup/delivery service with each wash cycle; this could lead them down an unexpected path toward becoming repeat customers.
#8. Photography Services
Photography is a trendy business idea in Ghana. This service is helpful during weddings, birthdays, graduations, family portraits, etc. You can also do it for commercial purposes like photography studios or photo galleries.
#9. Poultry Farming
Poultry farming is a business that can be started with little capital but requires a lot of hard work. It’s an occupation that requires you to raise chickens and other poultry, such as ducks and geese, on your land. If you have land, this is one of the best businesses to start if you want to live off the ground.
#10. Food Processing (Bottling) Business
Bottling is a great way to make money from your food products. You can bottle juices, water, beer, and soft drinks at home or in a factory. If you want to bottle your e, start by collecting all the necessary ingredients from the store, like sugar cane, oranges, lemon trees,s, etc. Then wash them properly before use, so their taste stays the same over time. Also, when selecting bottles for storing your juice, always go for glass instead of plastic because this type of container prevents chemicals from leaching into its contents and prevents carbonation from building up inside its body (which could cause damage).
#11. Day Care Centre/Basic School
Daycare centers are a popular business in Ghana. Many people have seen the success of daycare centers in America and other countries, so they think it’s an easy way to make money. There are only two things you need to know about starting up a daycare center:
- What do you want your customers to learn?
- How can we teach our customers what they need to know?
Uber is a ride-sharing app that lets you make money on the side while you’re out and about. It’s available in Ghana, so it’s easy to get started. Uber drivers use their cars to pick up passengers without having to worry about finding parking or paying for gas (which is often included in their rates). You’ll earn cash by providing transportation services to others who need them, meaning there’s no need for any training or licensing requirements. Plus, Uber offers flexible hours; if you want more time off than what’s provided during regular work hours, then all you have to do is put in your request.
#13. Vegetable Farming
Vegetable farming is a good business to start. Many people do not know, but vegetables are an excellent source of nutrients. They can be grown in pots or on the ground, requiring little maintenance. You must have enough space for your vegetable farm to grow enough vegetables to sell at market price.
#14. Gym/Fitness Centre
A gym is a place where people can exercise, and a fitness center is where people can work out with machines, weights, and other equipment.
This business aims to provide an environment that embraces fitness and athleticism to help people maintain healthy lifestyles. You would have your gym or fitness center on the premises where you would teach classes on how to use the equipment within it and offer personal training sessions for those who wish to get fit physically but don’t know where or what type of workouts they should do first.
#15. Barbering Salon
Barbering salons are a great business idea for anyone looking to make money from their home. Barbering salons can be started with as little as $1,000 and require no more than an average-sized garage or small shop. The barbering industry is highly lucrative, with the average income per location being around $2,000 per month.
E-commerce is the online sales of products and services, and it’s also known as e-business, e-marketing, and e-commerce commerce. Most businesses have been run successfully over the internet since at least 1999 when Amazon launched its first website in Seattle (the same year eBay was founded). The number of people using sites to shop has grown exponentially over time, with mobile devices becoming more powerful and less expensive every year – meaning that you can now do business from anywhere in the world.
#17. Light Manufacturing Industry
Light manufacturing is converting raw materials into finished goods, and it involves the creation of a product by combining various components or with some other substance. Light manufacturing industries include food and beverage processing, garment manufacturing, printing, and packaging (a type of light industry).
#18. Computer Training
You can teach people the basics of using computers. This is a great way to make money, especially if you have experience with computers and centers showing they work. You could also offer computer training in your local area where there’s a demand, such as at universities or community centers.
#19. Courier/Delivery Services
You can start a courier service by delivering and receiving goods from customers. The benefit of this business is that you can earn extra income while your employees are interested in their destination.
#20. Online Education Courses
Online education courses are delivered to students anywhere in the world. They are a flexible way of teaching, as they are used to teach a wide range of subjects at levels from primary school to university. Online education courses are also taught to the students, which makes them ideal for those who want to learn or improve their ability in foreign languages such as French, Italian or Spanish.
Microfinance is a small loan that microfinance institutions give to help low-income households. This loan is used for any purpose, including buying food and paying utility bills. The main advantage of microfinance is that it allows individuals to get loans at affordable rates, which means they don’t need to go through long-term loans or high-interest rates.
The disadvantage is that some people may use the money on things other than their original purpose—for example, if someone borrows $10 from their bank but uses it only to buy snacks instead of food for their children or pay off some debt from before they even got any money from the bank (which may have caused them stress).
#22. Building Materials Retail Outlet
Building materials are in high demand in Ghana. With the growing population, there is a need for more construction companies to be established to meet this demand. However, as an owner of a building materials retail outlet, you must ensure that your business is highly profitable and reliable before entering this market.
#23. Beauty Products Retail/Wholesale
Beauty products retail/wholesale is a business that can be profitable in Ghana. Having a good brand, website, and customer service is essential to ensure you are always getting your customers back for more.
The product should be of high quality and sold at a fair price because this will increase the likelihood of repeat purchases by your customers, which will drive up sales revenue over time.
#24. Mobile Phone Accessories Retail/Wholesale
Mobile phone accessories are in high demand, and selling them is the best way to make money from them. Mobile phone accessories are one of the most profitable businesses you can start on your own. They are in high demand because everyone has a mobile phone, whether they want it or not. Your business will surely flourish if you have access to good quality products and services. Customers will pay more for quality products than they do for low-quality ones because they know that their investment will last longer than cheaper ones would have done so.
#25. Outdoor Advertising
You can advertise your business in the following ways:
- Outdoor Advertising involves placing signs on billboards, buses, and other public places. You will need to negotiate with the owner of the billboard or bus stop where you want your advertisement displayed.
- Radio Advertising: Radio ads are usually heard during commercial breaks and feature programs about music, fashion trends, etc., but occasionally these ads also include information about companies’ products/services that listeners might find useful (e.g., “Listen now!”).
#26. Drug Store
A drug store is a perfect business idea for Ghana because of the following factors: You will need to be licensed by the government, and this is done quickly with a simple application form and an interview at your local branch office. You will need well-trained pharmacy and medicine staff and those who can handle cash transactions (pharmacy technicians). These professionals usually come from university programs or companies that offer training courses on conducting themselves while working in these areas.
#27. Auto Mechanic Garage
It would help if you were qualified to work in a garage and needed the right tools and equipment, such as car ramps, jack stands, tire changers, and tire repair kits. For example, if you have experience working with cars, it will be easier to fix them when they malfunction or break down.
#28. Mobile Money Agent
Know your customer.
Do you know who your customers are? Do they have any special needs that you can fulfill? If so, then it’s time for some research. You need to determine what products people want and how much they are willing to pay. Then, once again, ask yourself: “What’s the best way for me to reach out and serve these people?”
#29. Real Estate
Real estate is an excellent business to start and a good investment, and it’s one of the most popular small businesses in Ghana. You can get into real estate if you have the capital or connections with other people who do (like your friends).This is because real estate has many benefits:
- It provides an easy income from rent and property taxes.
- It allows you to make money from owning something instead of just using it as collateral for loans.
- It improves your credit score by investing in things like cars or houses that banks consider “good” investments.
- Real estate is sold later at higher prices than what was paid for it originally.
#30. Food and Drinks
Food and drinks are a good business idea because you can sell food in different forms, and you can sell it from your home or a store. You can also sell drinks in various states: hot drinks such as tea, coffee, and milk; cold drinks like soda, water, or juice; ice-creams (or frozen yogurt), etc., which are famous worldwide.
Ghana is a great place to start a business because of its low cost of living, strong government, and growing economy. The country is also known for having one of the highest levels of internet usage in Africa, so you can find plenty of opportunities without leaving home.