In this article, i am going to share with you the 10 most lucrative business ideas you can start in Ghana. Let's get Started.
1 Technology Accessories
These days, anyone who sells accessories from mobile phones, computers, laptops,printers,photocopiers and the likes is raking in millions of Ghana cedis. With the ever rapid advancements in the technology industry, more and more people either own or use these gadgets on daily basis. In fact, young people between the ages of 11 -15 years own mobile phones. Any aspiring entrepreneur would surely consider venturing into this kind of business.
If you are looking for fast booming business, dealing in toilettries is definitely one. The sales of toothpastes, shaving sticks, diapers, toilet rolls, sanitary pads, towels, wipers etc has skyrocketed as these items have become a major neccessity among majority of Ghanaians. They are needed in weddings, dinners, festivities, funerals and by new born babies. This industry offers the opportunity to make millions.
Another profitable business in Ghana is the pharmaceuticals. Drugs are an absolute neccesity in the country and one has no other choice than buying what's required, in the event they are ill. While it is not quite easy to get into the market as there are lots of stringent rules and regulations associated with it, you have a real chance of joining the 'millionaires club' once you make it through.
4 Cattle Farming
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 dont 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 the cattle.
5 Agriculture And Farming
Food is one 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 students, investors, tourist etc will only help explode the demand for food. Ghana has soils that can support a wide variety of food crops. And yet, the agricultural sector is one of the most underutilized in the country. The Ghanaian government has'nt done enough to explore the sector which comprises only a few private companies.One can liken the agricultural industry in Ghana to a goldmine, as there's always a high demand for agricultural produce.
6 Fish Farming Business
If you are interested in going into acquatic farming in Ghana, then you should consider a fish farming business. Fish farming is perhaps, one of the most lucrative acquatic farming businesses an entrepreneur can start in Ghana. But that does not rule out the fact that, it can sometimes be challenging if you don't live around coastal areas where you can conveniently create a demarcation for breeding your fish in commercial quantities. 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.
7 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 can be considered to be capital intensive, but it is indeed a money-spining business if it well located, and if you are able to create a robust distribution network.
8 Cocoa Production
One of the most lucrative farming and exporting business that an aspiring entrepreneur 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 exporter of cocoa in the world.If you decide to start cocoa production in Ghana, you can hardly get it wrong and you stand the chance to break-even in no record time.
9 Bridal Makeup Business
A bridal make-up artiste 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 make-up business is that most often than not, weddings are held during weekends, and if you are lucky not 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.
10 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 always hangout in bars, makes it one of those businesses that is high in 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.
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