In this post, we outline the Lucrative Businesses In Ghana, best small scale business ideas in Ghana and Fast Selling Businesses in Ghana.
Some of them can be started with very little capital ranging from 5,000, 10,000, 20,000, 30,000, 40,000, 50,000, 60,000 Ghana Cedis. The information covers ideas that can help you make money online and offline.
So, are you a Ghanaian or live in Ghana and you’re looking out for profitable business opportunities? Are you in anyway wants to know the:
- Lucrative business in Ghana ,
- Fast selling business in Ghana,
- How to start a business with 500 Ghana cedis,
- What business can I start with 1000 Ghana cedis,
- What can I sell with my little capital in Ghana,
- Wholesale business opportunities in Ghana,
- What business can I start with 10,000 Ghana cedis,
- What business can I do with 5000 cedis in Ghana,
If any of these question is what you are seeking for , this information covers ideas that can help you administer your inquiry.
The best part, You can run some of these business ideas from the comfort of your home!
Comprehensively, we have list out the most lucrative businesses in Ghana that anyone can start with small capital or big capital. These lucrative business ideas are very profitable.
They have the capacity to make anyone successful if well handled. A lot of them are not well explored in Ghana.
Why You Should Start a Business In Ghana
There are so many good sides to starting a business in Ghana. First, you put your destiny in your own hands. No boss can walk up tomorrow and tell you “you are fired!” There is job security.
Another reason is the opportunity to grow and build a brand for yourself. When you run your own business, you are building a brand. The more you grow, the bigger your brand.
Running your own business gives you a bigger opportunity to become rich. There is too much competition at the workplace. You find a lot of who have worked for many years without promotion, but no one can deny you that in your own business.
You have the opportunity to impact the economy by creating jobs and providing a livelihood for other Ghanaians. The joy of employing people and giving them a means to survive should be a big motivation for everyone with a good heart to venture into business.
There are a lot of lucrative businesses in Ghana for you to do. But for some reasons, Ghanaians leave the country pursuing greener pastures without trying to tap into ideas back home.
As a result, foreigners are seeing the opportunities that we fail to see and they are taking over! We believe this would change after reading this article.
Small Business Ideas In Ghana 2021
1. Bread, Bags of Peanuts Business
There are small businesses you can start with less than 5000 cedis capital – You can purchase some loaves of bread, bags of peanuts or packets of chewing gum from a “wholesaler” and then sell them from car to car in the traffic.
The objective is to sell sufficient to restore your original capital, and then make some profit so you can eat that day.
With 5000 cedis you might be able to set up as a “wholesaler” – buy in a large stock of bread, chewing gum, sunglasses etc. and sell them to the street-sellers – but you might struggle if you are considered to be muscling in on somebody else’s patch.
At root, setting up a business isn’t really about the capital – it is about the energy and commitment to sell your product. Here are some small businesses in Ghana.
2. Mobile Money Merchant Center
You can start a mobile money merchant center which requires just 2000Ghc to register and the remaining 3000Ghc could help secure a small table and chair at a corner to start
3. Buying and Selling Phones
You can start buying and selling phones. That’s you buy phones from friends at a low price, post it on tonaton or olx and sell it at a higher price.. IPhones move faster
4. Pig Farming
You can go into pig farming.. but you’ll have to have a piece of land somewhere in order to start.
You can start by buying two pigs (male and female) which will cost you about 1,000Ghc each and take care of them and make sure they mate and produce more so they multiply. You can sell a 3 months old pig for not less that 2,000Ghc. That’s good investment.
5. Transportation Business
You can buy an Okada (motorbike) for 3,500Ghc and give it to someone who needs it and ask them to pay you back in 5months 5000Ghc. No bank will give you such an interest but you can do this with an Okada. Trust me, a lot of people are doing this. You can ask around and see how it goes.
Lucrative Businesses In Ghana 2021
Businesses You Can Start With 5,000, 10,000, 20,000, 30,000, 40,000, 50,000, 60,000 Ghana Cedis In Ghana right now;
Here we go the Lucrative Businesses In Ghana, fast selling business in Ghana, businesses you can start with little capital in Ghana.
In a country like Ghana, there are many businesses you can start with low cash. Below is the clear fully selected the businesses that will better produce the return on investment;
1. Farming Business In Ghana:
The farming business is top our list of Lucrative Businesses In Ghana that you’re to watch out for. Plans are under way to boost the sector in other to become another revenue generating industry in Ghana. One vital farming business is poultry and fish farming including others. See them below:
- Pig Farming
Unlike poultry farming in Ghana, pig farming is now on the rise and so there are not many pig farms in Ghana. However, the demand for pork is always on the rise.
Some of the reasons I think you should start pig farming especially in Ghana are: It promises high (100% or more) profits if done well.
- Cassava Farming
Cassava is one of the major stable foods in Ghana as it supplies large quantities of calories in the diets of Ghanaians. In most cases, cassava production in Ghana is done by small-scale farmers and the tubers can be boiled and fried to be consumed.
Apart from being used as feed ingredients and food, the crop is used in the production of various industrial products in Ghana. For instance, it is recognized as one of the best raw materials for the manufacture of ethanol.
Additionally, production of cassava in Ghana is an important economic activity to the people since the crop can be processed into different food products that have high economic value.
In Ghana, cassava is cultivated as a monocrop or intercropped with other food crops, either as the dominant or subsidiary crop.
In terms of quantity produced, cassava is the most important root crop in Ghana followed by yams and cocoyams, but cassava ranks second to maize in terms of area planted.
The production of cassava in Ghana ranged from 10,217,929 MT to 12,260,330 MT in the period 2007–2009 covering an area of 800,531 ha to 885,800 ha. Ghana currently produces about 12,260,000 MT of cassava annually.
Out of this, 8,561,700 MT is available for human consumption while national consumption is estimated at only 3,672,700 MT resulting in surplus of about 4,889,000 MT which can be exploited for the production of industrial starch or ethanol.
- Goats Farming
The system of sheep and goat production in Ghana is basically traditional except for a few organized or large-scale livestock farms which exhibit some degree of improved system.
The most important consideration you must first make is location. Common goats generally survive in warm areas that are well drained. Apart from temperature, space is necessary. Goats live in groups, so individual pens are not effective.
A large field is needed if you want your animals to roam freely. Freely roaming goats usually have better resistance to sickness and infection.
Sheep are sold for between GH₵350 and 400, while goats are sold for GH₵ 400 and above.
With a well-designed barn or shed and good management, you are sure to reap all the profit you want from goat farming.
- Poultry farming
As new hotels, restaurant, caterers springs up, fast food joint, corporate occasions, and celebrations, the need for poultry egg and meat is on the increase.
Also, as the demand domestically increases, the import is discouraged, to boost local production and to ensure we’re taking a healthy meat.
In poultry farming, there are three ways to enter the business.
Broilers farming: where you grow bird for meat consumption
Layers farming: Where you grow bird for egg production
Cockerel farming: where you also grow the bird for meat consumption
Each of the poultry bird you choose to do, you’re going to make a profit.
- Fish farming
According to reports, the demand for fish domestically is higher than the supply, the government has to import to augment the demand. This simply shows that the market for fish farming is available. You’ll need to know the nitty-gritty of the business before you venture into.
In fish farming business, you’ll need a fish pond, easy to water accessibility and good breed for the fish to stand the chance to grow to the required size.
Tomato Farming Business
Agriculture offers one of the best cash chain investment in Ghana today. This business is rewarding, and at the same time, not expensive to start up.
However, before you start the tomatoes business in Ghana, you’ll need to find out what type of tomatoes are in demand. This information can be gotten from those who supply seeds, as they will be able to inform you better on popular demand.
Also, they will let you know the varieties that are patronized best. You will also need to ensure that the seeds you finally pick will grow well.
2. Grocery Store Business:
This form of business that works irrespective of the business location and provides the daily needs of households and individuals. The items can range from fast food, toiletries, children candies to soft drinks. With your money, you can create a permanent grocery store where you operate from a location daily or create a grocery store for emergencies where you move from one location to another.
Grocery store for emergencies is a part-time form of grocery store business where it works best in places where camp are held or as a result of natural disasters.
Grocery store business is a great business because once setup, the business provide a residual income.
3. Bookshop Business:
This business works irrespective of your location. The business is about selling books and related items. The bookshop can focus on the most important book and item that people will buy.
For instance, if you stay in a place where you have more of the student, you can decide to start a bookshop to sell academic books, CDs, writing pad and so on.
Whichever type of bookshop you wish to open, you’ll have to look for suppliers. Our recommendation is to get 3-5 suppliers and choose from one you can work with.
4. Business Centre:
Even though we’re in a computer age, we still people who like to outsource their printing, typing, photocopy, online registration, laminating and so on.
You can start the business by getting the necessary equipment and start offering the services.
5. Car Wash Business:
More cars are plying our roads today than some few years ago. You can start a house to house car wash business or start a standard one in a location that car owners will visit you.
6. Product Line Business:
Maybe you may want to start your own product line, where you find a manufacturer or supplier to create product (s) with your name, contact, logo and cover design on it.
With this business, you stand the chance of building your own business network of suppliers and distributors.
7. Event Rental Equipment:
A wedding planner we got to know some few years ago told me his business is more of outsourcing. He outsources virtually all the equipment he uses which include the tent, canopies, chairs, and table.
Now the owner of that equipment may not necessary be in the business, but renting the equipment to those who are into the business.
You can start the rental equipment business and earn money from it. Most of the equipment once created stands the test of time.
For instance, the canopy stands are created with metal, the only thing you change over time is the canopy itself (which also last longer than you think too).
At the start, create a business where you can be able to rent out this equipment to at least two people. You’ll have the room to expand by reinvesting the profits into the business.
The event rental equipment business is one of the businesses that makes you recover your invested income in time.
8. Building Material Business:
Renting of building material equipment is another business you really need to look into. Several materials are available to rent. Some include block making machine, mixer, pan and so on.
Most of the materials are made of metal and really durable. The equipment are rent out on a per day basis.
9. Dry Cleaning Services Business:
Many have little or no time for themselves because the of the nature of their work. To develop more free time for themselves, they have decided to pay for other services. And one of the popular of such services is dry cleaning.
This business can be started from the comfort of your home and scale it up. Get standard equipment that enhances your work and makes your service stand out.
10. Football Viewing Centre Business:
Nine out of ten youth love football. The European football has captured the minds of many. Today, the majority of people can
pay any amount if you can stream the football. Even those who have access to view it at home, prefer the viewing centre because of the fun.
Starting the business requires that you have a space (preferably 50X50), satellite dish, Television/ projector, standby generator and seats.
Choose the satellite dish that shows majority of the football people love in your area.
Make your place unique and ensure you charges will cover your cost (satellite subscription, generator servicing and fuelling cost and utility bill). Security measures should be included. Because without security guarantees, no one will visit the viewing centre.
11. Graphics Design Business
It is no longer news that Graphics Design Skills are one of the highest paying skills in Ghana right now, especially considering the role it plays in many tech related areas.
Generally, starting a Graphics design business is not just a little less complicated to get compared to other home run business.
It’s something you can start with some beginner skills while still learning through the process.
And If you’re a student or someone needing a part time hustle, running a Graphics Design business could be the perfect hustle for you.
Whether it’s Graphics Design or any other hustle, before starting any bushiness, one of the things to consider is your motivation for getting started.
So here, you’ll want to ask yourself, “Am i running this business just to make money? Or to learn the skill in a better way”?
What exactly is your motivation to start a Graphics Design Business? Here’s the best time to find that.
Assuming this is done and you now understand your motivations, you can then move to setting goals, based on what is motivating you to start the business.
So if your motivation is to start a business you can run by the side while doing your 9-5 job or being in school, you can set and tailor your goals to fit in with that, putting into considerations the time you’ll need to spend on your business and the other activities you’re engaged in.
In fact, setting goals like growth targets etc. will also affect the way you run the business..
So you have to be really thoughtful and thorough through the goal setting process. Although that doesn’t have to scare you in any way.
Also remember, while setting your goals, you have to consider the resources available to you like time, money, etc.
12. Web Design Business
It takes time to build a successful business, so manage your own expectations, and make a commitment to see it through to the end. Use these guidelines to get rolling and start your web design business off on the right foot.
Get ready to start your own web design business by setting up your work environment.
First step is build a circle of known and trusted “power partners” who provide complementary services that work in sync with yours. You’ll all benefit without cannibalizing work or clients.
For example, you can collaborate with local partners who specialize in Information Technology (IT), search engine optimization (SEO), online advertising, social media, photography, video or any other service area that’s beyond your comfort zone.
You can also assemble a go-to list of virtual partners, including hosting providers, domain registrars, stock photo libraries, or third-party software solutions to integrate into the websites that you build for your clients.
Website design business is very lucrative in Ghana. Taking the above-mentioned factors into account and going ahead with the costing part, the approximate cost of developing a mobile application in Accra, Ghana will be around USD 10000 to USD 50000.
The cost will vary based on the type and characteristics of the mobile application.
13. E-commerce Business In Ghana
In simple terms, e-commerce is the buying and selling of goods and services using the internet. In other words, e-commerce or electronic commerce is a business transaction that happens online.
Since the turn of the 21st century, e-commerce has proven to be a huge source of economic growth in Europe, America, and parts of Asia.
In recent times, the e-commerce business is now witnessing tremendous growth in Ghana and Africa as a whole. Actually, the business began as far back as 1960 when businesses began to embrace electronic data. Thereafter, Amazon and eBay contributed immensely to the wide acceptance of e-commerce.
To better understand e-commerce business and its importance, businesses, here’s the list of businesses that can be done online in Ghana:
- Mini importation business
- Course Development/Training
- Freelancing (Graphic designing, Content writing, CV writing, etc)
- Social Media Manager
- Fashion Designing/Clothing line
- Business Consulting
- Event Planning
- Food Business
- Public Speaking/Life Coaching
- Mobile Accessories Online Store
- Beauty/Skincare Business
- Sales of Gift Items
- Travel Accessories
- Financial Coaching
- Human Resource Services
- Software Development/Sales of Software Applications
- Makeup Artistry
- Health care products/services
- Sales of shoes, bags and hair products
- Domain Name Brokerage
- eBook Publishing
14. Cosmetics Production Business
If you love beauty, then going into the cosmetics business will be your best bet. For you to do well in this business in Ghana, you will need to engage in some deep research.
Why is this important? This is because you will need to learn new things about the cosmetics industry that will keep you up to date, creative and innovative in business.
15. Gym Business
Fitness has always been a source of concern, and Ghanaians have also caught the bug. This is because of the high rate of cancer that continues to ravage people.
If you are a fitness and health enthusiast, then you can look towards starting a gym-related business in Ghana. You will need to have enough finance to equip your gym centre.
16. Blogging Business
If you can write or have the capacity to learn how to write, start a blog. Blogging is a good way to make money online in Ghana.
All you need is internet access, good research skill, an interest, and a laptop and a lot of time. Your most important and perhaps expensive investment in a blogging career is your time.
Also, since you would want people to find your blog posts without manually promoting it all the time, you would need to learn how to optimize your posts for search engines like Google.
Set up a free blog with WordPress or Wix or if you have some money, set up your blog on self-hosted server; populate your blog with quality content, get people to read your content (drive traffic), get their confidence and monetize your blog with Google AdSense, display advert, affiliate marketing or sell information products such as ebooks, etc.
17. Sale of Mobile Phone Accessories
This is a very lucrative business in Ghana today. With little as 400 to 700 Ghanaian cedi’s you are good to go. While you will do well by renting space if you have the money, this business can also be done in mobile fashion i.e. by carrying your products to places they are needed.
18. Mobile Phone Repairs
This is a business idea that will fetch you good money if you are patient to learn how to repair and maintain mobile phones. With little you can start a phone repair and maintenance business in Ghana.
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.
You will also need to develop good relationships with dealers of quality accessories.
19. Liquid Soap Production
The market for liquid soap in Ghana is so large that the 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.
If you look around you, you will find homemade liquid soaps with no branding at all, packaged in used plastic bottles being sold for cheaper prices. This is one of the major investment opportunities in Ghana today.
You can make so much money producing liquid soap and selling to supermarkets in Accra and other shops that retail to end-users, restaurants, bakers, caterers, and home keepers.
20. Mini Importation
The internet has redefined trade and commerce. Many people have struck gold by importing items online through eCommerce sites like Aliexpress, Jumia, Amazon , etc. With about 10,000 Ghana Cedis or even less, you’re open for business in Ghana.
Identify people’s demands. Search all the eCommerce websites, get a procurement agent to purchase these items. The agent will then send them to you to sell and make your cash.
21. Information Marketing
This is another internet-based business that has taken people out of poverty in Ghana. Do you know anything that people don’t know, or know something that other people know but can present it differently or know someone who knows something that others may not know?
You may be on your way to making money by packaging the information in the form of a report, an ebook, video, or audio and sell online.
Take note, you do not have to write it as there are many resources online to help you. You can outsource the writing on Fiverr, buy master resell rights or private label rights books, rewrite and rebrand to your choice and sell.
22. Affiliate Marketing
This online money-making opportunity is a lucrative business in Ghana anyone can start with little or no investment. An affiliate marketer is one who helps companies or individuals sell their products and earn a commission.
Products you can sell online here can be digital products or physical products. You can sign on with as many affiliate programs as you can handle and use your affiliate links to promote the products through social media or by creating dedicated websites.
Many people in Ghana have become millionaires through affiliate programs.
23. Food Cart/Mobile Food Business
Ask yourself this question – what sells fast in Ghana? Food is one of the primary needs of man. Whatever the condition is with a man, he must eat. As a result, the food business will always be a lucrative business in Ghana. It is one of the most thriving businesses in Ghana.
The key to success here is to differentiate yourself by choosing a specialty menu, a niche, and a market segment. You cannot be everything to everybody.
Select your market carefully where the returns are higher. For example, you can choose to serve workers of big organizations like banks, and multinational organizations and develop a relationship with their HR departments to allow you to bring your food during their lunch or within specific hours of the day. You can add special delivery of specialty food to busy executives as part of your service.
24. Sports Betting Agency
Thinking of how to make money in Ghana? Think sports betting. This has become a goldmine business in Ghana as the young and old take advantage of their love for football to make money while enjoying the round leather game.
25. Cloth Designing and Tailoring
We all know Ghana is the home of fashion in Africa. This business requires skills. So, the first step to your success is to acquire skills. Go for both English and traditional wear tailoring, fashion, and design training.
Once done, boom! You’re made.
Cloth designing and tailoring is often a neglected business idea that is quite lucrative in Ghana, and the good thing about it is that you can start it as a small scale business if you like.
26. Cake and Cupcake Bakery
Making, decorating, and selling one-of-a-kind cakes and cupcakes for occasions ranging from birthdays to weddings to anniversaries is a great business idea for the hobby baker to pursue, and one that is potentially very profitable.
You can get started on a shoestring budget by baking and decorating right in your kitchen.
An effective marketing idea is to send samples of your cakes to interested parties to make sure they send business your way or showcase pictures of the cakes on Instagram using appropriate hashtags.
27. Dry Cleaning Business
This is one hot business idea in Ghana at the moment. A lot of people have done well in this business and still are doing well.
There are a lot of people who are too overwhelmed by work that they may not have the time to wash their clothes. Therefore, you may want to look into starting a dry cleaning business at any location in Ghana.
28. Restaurant Business
In Ghana, the restaurant business has always been on the rise. This means that it doesn’t go out of fashion. If you think that you are a great cook, you can start a restaurant business. You will be required to do a lot in the area of cooking very great meals.
29. Car Rental Business
Cars all over the world aren’t a luxury but a necessity. There are times however when some people may need car rental services. This is where you need a car rental business. Be sure you understudy an expert who can make you learn all the ropes within time.
30. Internet Radio Business
If you are interested in going into the internet radio business, then you should be conversant with the fact that it is different from traditional radio setups – especially as the source for your internet radio business is a computer.
Before starting this business, you should know what topics you would need to discuss to appeal to your target market, and what kinds of business you would be concentrating on.
31. Eggs Supply and Distribution
Apart from its dietary needs, eggs are used to make many products such as confectioneries, cosmetics, soaps, hair conditioners, shampoo, glue and face masks amongst many others.
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.
Then develop a network of buyers who are many and varied around Accra or your neighbourhood.
To succeed, you just need empty egg crates and a delivery van. Minus the delivery van, you can start this business with little amount.
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