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
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.
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.
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.
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.