5 Business opportunities in Ghana

Good Business Opportunities In Ghana

These days, it is becoming more obvious that your job alone cannot give you all that you need. Unforeseeable events may happen and all your savings can be blown away. We have seen that in this Covid-19 pandemic. Imagine if you had invested part of this savings into a business that can generate passive income? The problem is that most people think that when we talk about business, we refer to stock markets, car trading, real estate, etc. You can still do business without investing huge amounts of money. Just know how and where to start before targeting bigger markets. In this article we discuss 5 easy ways to do business without spending too much money.

 

Phone business

Gone are the days when a phone was considered a luxury in Ghana. Today, people tend to see a phone as a tool to share ideas, listen to music, chat with friends and families, study and many more. Ghanaians possess more phones than the whole population. More than 16 million Ghanaians use a smartphone. A staggering number of smartphones are sold weekly in Ghana and the most favored brands are Samsung, Tecno, Infinix, iPhone, and Itel to state just a few. With this in mind, it is a valuable market to explore. A smart way to earn more is to setup a delivery plan and ask people to pay on delivery. For that, you may use social media platforms to draw more customers.

 

Computer business

Despite the fact that most people use their smartphones for almost everything, computers also have taken a decent place in the heart of Ghanaians, if not, Africans as a whole. With the increase in the numbers of mobile and website developers, as well as graphics designers, the demand for laptop and desktop computers has increased tremendously. Almost every student in tertiary education needs a computer for various tasks involving doing and submitting homework and assignments. As a start, you can target a specific market willing to buy used, high performant computers, and then expand to new computers for those willing to pay a premium price to get more functionalities.

 

Food selling

No one will argue that we eat every day. It is our most basic need. In Ghana, food selling is one of the best income-generating businesses. Sometimes, fast food and joints are far from residential places, making it difficult to get food when you run out of gas in the night. Just do a little survey to know the taste of people in your area and start a fast food which you will turn into a restaurant, hence saving your neighbors time and energy.

 

Clothing business

The clothing industry will not be left out of this list. It is a booming business, too. You can target people with low to high budget so as to maximize profit. Ordering clothes locally will help, too, as they are made there and may be cheaper. Another option is to order from big suppliers like AliExpress and others where you can get good products at very affordable price. Also, you can order high quality clothes made from Kente, one of the most favored Ghanaian cloth, and even sell them abroad.

 

Shoes business

Last but not least, it is the shoe trading. Like in the clothing business, shoes are another highly favored item in Ghana. Ghanaians like a wide range of shoes from traditional sandals to business shoes. This is a business worth looking into and I am sure you won’t regret doing it.

 

Conclusion

Ghana has a booming economy and despite enduring its temporal border closure due to the Covid-19 pandemic, it remains an ideal country to invest in. As the country opens up a little more after its recent lockdown, some business opportunities are worth exploring and taking advantage of to help fight poverty and support friends and family members who have been directly or indirectly affected by this pandemic.