Top 20 Business Opportunities in Ghana in 2023/2024 (Start Earning Today)

Do you reside in Ghana or you are planning to move there, and you don’t know what to do? Here are 20 business opportunities in Ghana with which you can make a good living.

Ghana has been rated both peaceful and thriving economy for growing businesses. One of the famous exports of this West African country is pure cocoa.

Ghana is the second-largest producer and exporter of cocoa in the world. The country has beautiful beaches, tourist attractions, and natural resources.

Ghana is a comfortable place to settle and build a business because the economy is open for investors to make a good earning.

However, one of the significant challenges faced in starting up a business is raising needed capital. We, therefore, bring to you businesses that require very minimal investment capital to kick off.  

So, if you want to start up something with a little capital, then you should pay adequate attention to every detail in this post.

Business Opportunities in Ghana

There is a wide range of business to do in Ghana. The one to go into depends solely on your interest, passion and funds. Below are the business opportunities in Ghana that you can explore.

Art Gallery or Services

The beauty of art calms the mind and makes the world an exciting place. There are different aspects of art such as calligraphy, painting, sculpture, drawing, brass works, street art etc.

Whichever point you find a passion for and have the ability to handle efficiently will be an excellent means of income if you channel your investment correctly.

With adequate publicity, especially the use of social media art galleries, you can work with other brands and grab endorsement opportunities.

This is one of the lucrative business opportunities in Ghana, so if you are good with art, then go into it.

Car Dealership Business

Another excellent business opportunity in Ghana is the car dealership. People in the car dealership industry sell and buy both new as well as fairly used cars.

Some aspects you can venture into are online used cars dealership, locally produced car dealership, imported car dealership, luxury car dealership business and multi-branded as well as multi – maker car dealership.

There are high demand for automobiles in Ghana, primarily used cars because they are mostly affordable.  

Online baking store

This is an internet-based business. With the knowledge and skills of baking or the help of a baker, you can easily pull this off. This business is suitable for people who cannot afford to run a physical shop or busy with home duties.

Discover your niche and then create various social media handles or set up a small website using a significant name.

Then display your baked goods and place a price tag on them, advertise and start selling. So, if you are an excellent baker, why not pick this business opportunity and start making money.

Auto repair workshop

This business requires you to have extended knowledge about parts of the machine and being able to examine as well as fix them when they are faulty.

Technical skill in this area will serve as a boost. You can get a workspace and the necessary tools. Once you have those, start publicising your business through every means possible. 

Football Academy

Football is arguably the most-watched sport in the world. Africans are known to have unrivalled love for football, especially Ghanaians.

Ghanaians love football wholeheartedly, and so you can tell that financing football will be quite lucrative.

Training young and talented players is an avenue for gains. You will get a lot of support, even from the Ghanaian government as the business is advantageous to the development of Ghanaian football.

You should analyse this if you have a talent for football and the necessary skills.

Plant Nurseries

If you have previous farmyard experience and love nurturing seeds to grow, this business is suitable for you. First, find out what plants sell the most and invest in them.

Gradually, add other highly demanded staple plants and consider expansion after profit.

Invest in solar power

The recent shift from non-renewable energy to renewable power is no news. This is because renewable electricity is cheaper in the long run, and it has little or no disadvantageous effects on the environment.

One of these renewable power sources is solar power. Businesses and family quarters require this as paying continually for electricity from the grid are expensive.

You can make this your enterprise by either selling, installing, or repairing solar panels and inverter batteries.

Fitness Trainer

One of the most lucrative business opportunities in Ghana today is fitness training. If you are knowledgeable in the fitness sector, you can make this a root profit instead of just a hobby.

Begin an Instagram page and post pictures as well as videos of yourself working out then advertise your services. Take some fitness lessons for certification.

You will attract a lot of traffic in a short while, especially if your prices are not high.

Clothing Boutique

Clothing is a basic need of every human being. With the right approach, selling clothes will forever be fruitful. You can either buy clothes in bulk and resell or make it different from customising clothes for your clients.

Ghanaian men and women will pursue after you for their clothing needs. You can, however, sell online for wider reach. 

Open a Fast Food Restaurant.

 First, conduct detailed market survey and feasibility studies before the start of business. Your ability to re – strategised and always up your service delivery will help you stay competitive.

Use the hygienic environment and clean utensils to avoid contamination. If you are good with cooking, you can do it yourself. However, if you can’t, you might need to employ a good cook.

Tours Advisor

Ghana has matured one of the best tourist destinations in Africa. You can get a safari jeep and become a tour guide. You can also hire out your vehicles to tourists at a reasonable charge. 

Construction and building materials

Starting a construction business is capital concentrated simply because of the type of heavy-duty equipment that is required to carry out a construction project and also the cost of managing a large workforce.

The construction industry needs vast startup capital but is highly profitable. If you have the expertise and capacity to produce good quality jobs- it is a plus. The primary clients for construction companies are governments and the private sector.

Chocolate Processing

Ghana is a dominant producer of cocoa, meaning producing chocolate is quite affordable. People will pay good money for a quality product, especially one that is from a legitimate source.

So, you can venture into chocolate production in Ghana.

Fish farming

Fish is one of the most eaten animal protein sources in Africa. A lot of pupils have gone ahead to gain experience in this trade and are making good money.

You need to learn the essential tips of fish farming and then set up your farm. You don’t have to start big because beginning on a small scale isn’t a bad idea and you can, however, expand from there.

Selling fruit juice

This business is one of the most comfortable to run. All you need is a minimal capital, your mixer, and your raw materials. The most suitable place to set up your kiosk is close to a school.

Students will flood your stall at break time or after school hours. You can also make a tourist centre your market. You will sell more and make good money.

Beauty salon

You can set up a small shop where people can braid their hair. Adding home services is a little expansion and allows for mobility.

Most stylists prefer home services because it pays more. Pedicure, manicure, exfoliation, bridal decorations and wedding décor can be learnt and added later on. 

Makeup classes and cosmetics

Makeup has shifted one of the most profitable businesses today. It is not only for women but several other aspects of life like in movies and stage play.

If you have this experience, you can turn it to a money maker. Set up training classes for students who are ready to learn and your lessons could be physical or online.

Dairy farm

You do not need a thousand cows to start selling your milk. You can start with five cows, find out your target market, and start selling your milk daily.

This is a complete small scale business you can start with minimal costs. 

Courier service

People are continually looking for ways to deliver items from one point to another without any damage in transit. You will get a lot of patronages if your services are efficient. You can send items within the region or outside it. 

Cell phones and Technological accomplices

People can hardly go a day without their phones anymore, so investing in a phone shop is going to fetch you huge profits. You need to know what phones are in high demand in the market.

You can also sell accessories like cords, phone chargers, earpieces, and Bluetooth devices, amongst others.

Conclusion

Please don’t hold back. Take your time to check out which of these little capital businesses can benefit you with little to no stress. Also, consider starting a small business as a side hustle. Invest now and start counting your profits.

I hope you find this post useful, feel free to recommend this post to your friends as well as family. Thanks for readi