profitable business ideas in gana mockup

9 Profitable Business Ideas in Ghana | Part 1

Saviour Sanders

We had to do a lot of research to come up with this list of profitable business ideas in Ghana. I bet to let you know that, these business ideas when carefully practiced as I’ve explained below can seriously change your financial and business life. Now let’s begin.

Prerequisites for Doing Business in Ghana

Before you begin to go full time into business, there are certain disciplines you should train yourself with. Among them are:

  1. Financial Intelligence

    money iconFinancial discipline among others is a key principle that is not thought in schools. The majority of those who really know it got that gift from their families. You need to have a sound financial management else you will fail in business. It’s a fact.

  2. Solid Business Plan

    It’s sad how most businesses startup without a business plan. What they don’t know they’re missing. A good business plan can open up all the opportunities that are available for your idea. It does more than just become a written document. A business plan can even tell you whether to really pursue an idea or quit it. All you need is a good business plan template like the one in the just mentioned link and you are good to go.

  3. Good People Management (Human Resource Management)

    It is very unreal to start a business all alone and expect a bigger success than with a few people. No matter how your idea is, you need a few, if not more people to be involved directly or indirectly. Because of that, you need to know how to easily interact with people and get them to like both yourself and your business idea. This is very important because if no one buys into your idea or appreciates who you are, you’d be left alone struggling in the mud. Now, it’s your responsibility to go fishing for the right team that can skyrocket your business growth.

  4. Your Personality

    Two people can start the same type of business at the same time, with the same amount of resources. At the end of a specific period of time, one would outgrow the other; definitely. That is when personality comes in. No two people are the same in this world. There are no two ways about that. What kind of personality have you developed or developing for yourself in the business world? Most great businessmen and women are born with gifts for business. They know how to get along with their business for big profits. If you are one, you’ll understand. If you are not, you’ll need to train yourself, learn more, do more research and you’d get there.

Check this out: How to Make Money Online in Ghana.

List of Profitable Business Ideas To Venture in Ghana

  1. Blogging (Internet Business)

    This is first on my list of the profitable business ideas I want to talk about. Blogging is not for everyone. But if it may be for you, just like any other internet business, I urge you to go into it. Comparing the Ghanaian cedi to the dollar which is increasing on a daily basis you can make a lot of profit from Google AdSense. If the dollar is now 4.6 cedis as at the time of writing this article, any amount you make in dollars is four times your currency.
    You determine how much you make by how smart and hard you work. This is seriously a very rewarding business. Startup capital required: Low.

  2. Banking

    Banking is a very profitable business anywhere in the world including Ghana. I strongly believe that the banking system is making more than enough from the entire human race. Check out how banks create money from this link. It requires a lot of investment but it pays off in the end. Usually, it is best to start in small towns and villages. Startup capital required: High.

  3. Agriculture

    Agriculture is wrongly practiced and perceived by most Ghanaians. We have been made to believe from childhood that farming is for poor people. This is because, a majority of the farmers in the country practice peasant farming – farming to feed their family only. Meanwhile farming when done on a large scale with the right methods can bring more profits than you can expect. Don’t forget that the more you invest in a particular business, the higher the profit margin. If you have the interest in farming, I’d advise that you pursue it, and on a large scale be it plantation, poultry, livestock, vegetable or fish farming. Startup capital required: Medium to High.

  4. Education

    Starting your own school may be quite difficult but a good step to financial freedom. This business is more of having a solid brand, providing quality service, and having a good management skill set. If you can really look after people’s kids well, I can assure you that you’d go into this and succeed. Though the beginning may be a bit difficult if you lack some startup capital, I still urge you to start. You can do it. I believe that there is no mountain so big for man. Whatever you dream of, you can accomplish it. Startup capital required: Medium.

All the businesses I’m listing here may be difficult to start, especially for low, and middle-income people, but you know what? If you can take the risk to start something that is difficult, the benefits that will come out of it can change your life forever.

I wouldn’t add cheap businesses like selling of credit cards and stuff like that to my list because though you may make profits, you end up locking yourself in a specific scope of profit that may never increase just like working for the government or for other people. In choosing the profitable business ideas, go for one that can get you exponential income from time to time.

That means your profit graph will always be moving upwards instead of stagnating.

This part of the article talks about the qualities you need to start a business and four of the 9 business ideas. Read the next part of our profitable business ideas. See you there.

 

13 Comments

  1. Christopher kofi
    February 27, 2018

    Interested

  2. Christopher kofi
    February 27, 2018

    Waiting to hear from you

  3. Nabil Ebenezer Tuopang
    May 5, 2018

    Interested in doing the blogging

  4. LUCKY AMEZ
    June 24, 2018

    Interested in having my own skull

    • Saviour Sanders
      June 27, 2018

      Great! Give it a shot.

  5. Maxwell
    January 3, 2019

    Make easy money in Ghana online without doing anything unusual. Just buy a blog and start earning. Everything is in place, you don't have to create any website because everything is done for you. Just get your blog easily and you start earning. Interested people should reply to this message..

    • Tijani Mohammed
      October 31, 2019

      I Am A Ghanian And I Intrested To Get The Blog

  6. Maxwell
    January 3, 2019

    Buy a blog and start earning some money in Ghana.

  7. Chika
    January 27, 2019

    This is rather too broad and does not provide a specific information to somebody who want to invest in Ghana, how much that investment will require. It did not also go down to the granules how a school leaver can identify a value chain and be able to participate in an aspect of the value chain with a meagre amount. Let me however thank you for the effort.

    • Saviour Sanders
      January 27, 2019

      Thank you for the feedback, Chika. I think more research has to be done by any investor on the specific field he wants to invest.

      This article rather gives a general overview of some profitable business ideas. In some cases, you may need to try or explore some investments before going full time.

  8. Samuel
    May 29, 2019

    An intention to start a Private Business few months ahead. I therefore need few hands with rich and good business plans. I only available resource is the little working capital and HR background Public Administration. Interested people with good standing in business environment, experience and skills in financial management can call 0277363742. Sammy

  9. iddris
    August 29, 2019

    I'm a dealer in smocks Fugu business and I want to partner with people who are interested to introduce the business with the modern countries so that they can also have access to our beautiful culture. Smocks are very lucrative business in this our modern world don't hesitate to contact me via phone number : 0549347450
    Email address : alhassaniddris100@gmail.com

  10. Abrokwa Charles
    October 24, 2019

    Hi Saviour,

    Thanks for sharing these business ideas. Ghana has vast business opportunities on each millimeter of the land. The Cocoa, gold timber, diamond, bauxite, oil, able human resources, among many other things. Yet what do we see? Jumping from one country to another in search of aid which we don't find anyway. From the area of education through health to agriculture all our affairs are funded by the so-called Donors and Development Partner who come to do nothing but rob us of our Rich resources.

    There are decent business ideas in Ghana for our young entrepreneurs and I implore you to keep sharing such valuable information to help young entrepreneurs.

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