There are many business ideas in Ghana that have not been fully tapped.
Ghana still has a very high unemployment rate. Luckily the country has numerous opportunities for small businesses to thrive.
However, some people might complain about the lack of capital. The good news is that some of these ideas do not require a big amount of start-up capital.
Now that we have caught your attention and being exposed by COVID 19 Pandemic crisis starting one is never too late, let's introduce you to some of the profitable business ideas that yields high profits in ghana that people don't know.
1. Start Pest Control Business
If you are thinking of starting a business in Ghana that can guarantee you a steady income, then one of your options is to consider starting a pest control business.
Pest control businesses is a business that is involved in removing or eradicating potentially harmful insects, rodent and reptiles from farms, commercial and residential properties.
When we talk of pest control, we are talking about a service that is as old as agriculture practices. This is because there has always been a need to keep crops free from pests in order to increase crop yield.
2. Poultry Farming
Research shows that a good percentage of Ghanaians consume tons of meat and eggs in their homes, eateries, and parties.
Therefore without wasting much time, poultry farming will be gracing our number one spot as a profitable business idea to start within your location.
It does not require much capital while you can sell many products from your farm. These include eggs, frozen poultry meat, and even the day-old chick from your farm.
3. Taxi Business
People travel and move around daily even on weekends. However, some Ghanaians do not have cars while others find commercial buses uncomfortable.
So, if you have a vehicle and register with either Uber or any other taxi company then you can start your transport business with ease. A very smooth way to make money provided you have the time, therefore it is regarded as one of the top business ideas in Ghana.
4. Open a Bar and Grill Business
Opening a bar and grill business can be fascinating at the same time worthwhile especially if you position your bar and grill business in strategic locations where you can easily attract socialites and people who love nightlife.
The fact that in Ghana people will always hang out in bars makes it one of those businesses that are in high demand and it is also profitable.
The bar and grill business is one of the businesses that an entrepreneur can successfully start in the corner o a busy street without breaking the bank for cash.
5. Open a Beauty Supply/Cosmetics Store
There are avalanches of beauty products that are seen on the shelves in stores all around Ghana. These products have various uses and they meet the requirements of folks in different ways.
It is important to point out that the beauty supply business is one of the businesses that can’t go out of fashion simply because of the role it plays in society.
Depending on the scale you want to start, the startup capital for this type of business can be considered to be moderate.
As a matter of fact, you can start your own beauty supply store and then grow it big within a short period of time by reinvesting your profits back to the business.
6. Events planning
Ghanaians celebrate various types of events and occasions across the country. Most times they may require the services of an event planner particularly if they want the ceremony to move perfectly.
If you have top-notch planning skills, you can test try your hands at this business. You should also advertise your services to your loved ones, neighbors, and acquaintances. With a few excellent jobs, your business will grow via constant referrals.
7. Start the Production of Bottled Water
Another thriving business that an aspiring entrepreneur can start in Ghana is the production of bottled water. Production companies in the bottled water industry basically purify and bottle water into plastic and glass bottles for consumption.
The bottled waters are properly capped and labelled before being sold to the general public. needless to say, there are readily available markets for bottled water in Ghana because every human on the face of the earth needs to drink clean water to survive.
The bottom line is that the economic recession hardly affects the rate of consumption of bottled water, especially during the summer (hot) period.
8. Start a Commercial Cleaning Company
There are loads of business opportunities in Ghana and any entrepreneur who desires to start a business in Ghana can successfully start a commercial cleaning business and generate good returns from the business with a short period of time.
This is because the commercial cleaning industry is a thriving industry in Ghana. This type of business can be started by anybody as long as you have eyes for details and cleanliness. If you have experience in this regard, it will be easier for you to start and effectively run a cleaning business.
9. Open a Fabric Store
A fabric store business is one of the many businesses that can be started in any part of Ghana and the owner of the business can still generate good turnover year in year out.
Entrepreneurs who intend to start a fabric store business can as a matter of fact start from their car or garage.
The bottom line is that there is always a ready market for fabrics. All a fabric retail store needs to do is to ensure that they have quality fabrics both locally and from different parts of the world, and also ensure that their fabric store is be considered.
10. Second-hand shoe
We love quality shoes and bags but not everyone can afford the brand new ones so this has led to a sharp increase in the second-hand shoe market. Get a nice place that you can display your goods such as in front of shopping malls and at a place where people commute daily to work.
Go to any fairly used products market, you may go to the border or Cotonou. Select fairly quality used shoes, look for designs that are very fashionable. Sometimes you make a profit of GH₵10 for a single sell.
11. Office Supply
As we all can see that there is a lot of people who work in the office, they find it difficult to go out to the market to buy some setting things like wristwatches, shirts, ties, and perfume.
Help them to do the shopping and charge moderately things for GH₵5 Ghana cedi and want to sell it at GH₵10 cedi in the name of office supply.
Some of them lie that they bought the things from oversea just to sell it unacceptable price if you are honest with your business and charge reasonably, you may have a huge supply contract from some of the people you will meet at the offices.
GH₵500 will do good in this type of small-scale business in Ghana and you are going to be glad at the bricks business you will be making.
If you are looking to scale your business at a cheaper cost you will need a graphic designer and a digital marketer to boost your new brand. sharkshive.com will connect you to both of them at a manageable cost.
12. Open a Frozen Food Shop
A frozen food store is a retail outlet where different frozen foods are sold and it is a business that can be started in any location in Ghana.
A frozen food store is a very easy business to start and it is not so capital intensive. Getting the right products that people want to buy and good record keeping are the secrets of running a frozen food store.
A frozen food store can be run offline in the conventional retail store or online on an online e-commerce retail site.
13. Soap, Washing Powder and Synthetic Detergent Manufacturing Company
Starting this type of business means that you will be involved in the manufacturing of products such as laundry soap, transparent soap, translucent soap, toilet soap, medicated soap, industrial soap, soap flakes, soap powder, and synthetic products.
Synthetic products include household and industrial detergents used for cloth washing, dishwashing, body and hair washing, etc. The fact that laundry detergents are used in all homes and laundromats makes the product an essential household commodity.
Any entrepreneur who intends to go into this business should plan rightly and research thoroughly so that the risks in the business can be greatly minimized.
14. Freight Packing and Logistics Services Business
A freight packing and logistics services business is a business that provides consolidation of freight consignments, trade document preparation, packing, crating, and otherwise preparing goods for transportation and logistics consulting services.
With this type of business, you can choose to operate from any part of the country as long as there are businesses and people who will patronize your services.
The truth is that a freight packing and logistics services business is a profitable business in Ghana, even though it is capital intensive. Getting the right medium (motorcycles, drones, and delivery vans and trucks et al) and good tracking devices are some of the secrets of running a successful freight packing and logistics services business.
15. Photography Services
Ghanaians tend to have great love photography. They will also pay good money to photographers that can create exciting images, therefore I wouldn't be wrong if I listed photography services as one of the profitable business ideas in Ghana.
Even if you don’t know how to use a camera, you can learn the required skills from online tutorials or can even find a professional photographer to tutor you. With excellent marketing skills, you can earn a favorable income from this business.
16. Open a Smoothie Bar
Another thriving business idea in ghana that can be started in any part of the city is a smoothie bar. A smoothie is a blended, sometimes sweetened beverage primarily made from fresh fruit or vegetables combined with ice, frozen fruit, or other frozen ingredients.
Some juice and smoothie bars give their clients the option of add-ins, such as soy milk, whey powder, green tea, and herbal or nutritional supplements.
A smoothie and juice bar might not be entirely easy to start, but one thing is certain, it is a straight – forward business that can generate steady profits if well positioned and properly managed.
17. Catering Services
If you have great cooking and organizational skills, consider setting up a catering service. This is one of the top business ideas in Ghana which stands as a lucrative one due to the huge number of celebrations and events that occur daily.
Conclusion Here we have it, some of the top 17 business ideas in Ghana that will yield high profit and also bring a solution to some of the problems people are having on a daily basis. However, do ensure you carry out proper research and analysis before choosing any of the business ideas mentioned in this article.