Small Scale Business In Ghana
Ghana, a country well known for being Africa’s richest country with a rapidly growing economy, also happens to be the second largest Cocoa producer in the World. Culturally rich and economically independent, Ghana is often referred to as the ‘island of peace’. The country is popular for its picturesque beaches and lush green forests that serve as a home to a diverse range of wildlife. Considering the improving economical conditions of the country, we decided to bring about a variety of small scale business opportunities and investment ideas in Ghana.
1. Livestock Farming
Livestock farming is one of the booming businesses in Ghana and the trend is not dying anytime soon. With 25+ million mouths to feed daily, there will always be demand for livestock products. However, lack of technical know-how and the use of old fashioned equipment are the major factors hampering the growth of this industry. If you can come in with adequate knowledge and the patience to nurture this business, you will reap immensely. Now you can choose to either venture into livestock breeding of animals or better still, you can stick to livestock feed production or equipment retailing.
◦Poultry farming – Egg production, meat production, hatchery or day-old-chicks production, etc.
◦Cattle Farming – Diary (milk) production, beef, etc.
2. Agro-products exportation
Ghana is blessed with a lot of food and natural resources; and most of these natural resources are raw materials needed for the production of some finished products. Every day, tons of raw materials and food products leave the shores of Ghana to countries such as India, Vietnam, China, USA, UK, Brazil, etc; yet, the demand is never met. You can become an exporter by simply registering with the Ghana Import and Export Promotion Council and decide on the specific product you wish to export. Examples of products highly in demand are Chili pepper, Kola nuts, Bitter Kola, Gari(we not the only ones eating Gob3, haha), Cocoa, Groundnut, Yam, Cashew nuts, Tomatoes etc.
3. Daycare center
The demand for quality childcare service is increasing daily. Parents are now working harder just to generate enough income to keep the family going, thus leaving them with less time for the children. Now to be honest with you, there are a lot of daycare centers existing but only a few are providing exceptional services; and parents that cherish their kids are never comfortable leaving their kids in a child care centre whose environment is dirty. If you can come in with exceptional service and creativity, you will make money from this business. Another thing you must know is that you can start this business from home.
4. Waste Management
Waste management is another business with a future potential because Ghanaians are yet to absorb the habit of proper waste disposal. However, companies like Zoomlion have been doing a lot to encourage proper waste disposal and management. Now there are several businesses you can start within the waste management niche and these include waste recycling, waste disposal, junk hauling, organic fertilizer production, etc.
5. Daycare center
The demand for quality childcare service is increasing with each day that passes. Parents are now working harder just to generate enough income to keep the family going, thus leaving them with less time for the children. Now to be honest with you, there are a lot of daycare centers existing but only a few are providing exceptional services; and parents that cherish their kids are never comfortable leaving their kids in a child care centre whose environment is dirty. If you can come in with exceptional service and creativity, you will make money from this business. Another thing you must know is that you can start this business from home.
6. SecondHand Clothes
Clothing is another basic need of man. Regardless of the economy, people must wear clothes and this includes shoes, bags, underwear, perfumes, etc. Now there is a fast growing trend now and that is “Used clothes” or “Recycled clothes” also known locally as “Fos” Since the economy is getting tougher and there’s need to be clothed, the masses have resolved to buying used clothes rather than new ones. Still yet, there is a market for new clothes; for men, women, and kids. You can source your materials from China, Hong Kong, Italy, France, Dubai, India, etc.If you want to know how to do this, contact me.
7. Construction company
Ghana is still a developing country especially in the area of infrastructure but this is set to change in the nearest future. Massive constructions are currently on-going in Ghana ranging from bridges, roads, towers and skyscrapers, etc. If you are a rich Ghanaian overseas, or you have the financial capacity to assemble the needed team and machinery for a construction company; then this is a business you should invest in.
8. Computer Services
Africa is catching on with the rest of the world with respect to internet technology. If you are technologically inclined, you can setup shop in Ghana and start offering e-services to clients. Example of such e-services include Web designing and development, App development, Digital marketing services, Bulk SMS services, Online registration of exams such as WAEC, SAT, TOEFL, etc.
9. Food processing
Another profitable industry to consider is the food processing industry. The concept of this industry is simply to take raw food materials and turn them into finished products. In fact, there are a lot of businesses you can do in this niche and examples of such businesses include Tomato puree production, Gari Processing, oil palm processing, groundnut processing, Fruit juice production, Rice milling, Beverage production. I intend to go into this business myself.
10. Auto Repair Workshop
This business idea is good for every person who has interest and knowledge when it comes to cars, bikes etc. This knowledge and interest, if extended to knowing about parts of a vehicle, their functions etc can allow you to put your capabilities to function by fixing vehicles. Start by sharing the work you can offer in a newspaper or online. By offering quick and impressive services to the first few visitors, you can gain the attention of others customers either recommended or who observe your true potential.