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Profitable Businesses in Ghana that require Small Capital

Profitable businesses in Ghana

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Profitable Businesses in Ghana that require Small Capital

Profitable Businesses in Ghana that require Small Capital

The key to wealth creation is to be able to earn superior returns on your capital, constantly. To do so, you should be able to identify profitable investments before committing funds. Here are a few of carefully analyzed businesses in Ghana that yield superior returns. These belong to the most profitable businesses in Ghana, which do not require heavy capital investment.

  1. FMCGs

Trading fast moving consumer goods in Ghana is a profitable business, with average margins of 5% percent on products. Products like milk, sugar, salt, biscuits, drinks, groceries, sachet and bottled water are among the fast moving ones with decent margins

  • Min capital requirement :GHc2,000
  • Expected returns per annum: 100% or more
  • Risks: Moderate

Trading of fast moving consumer goods is one of the most profitable businesses in Ghana.

  1. Catering Services

A business whose services are in high demand in the major cities of Ghana. Accra, Kumasi, Tema, Takoradi and other cities are constantly flooded with occasions which require catering services in one way or another. If you market your business well, the potential is enormous.

  • Min capital requirement :GHc12,000
  • Expected returns per annum: 100% or more
  • Risks: Moderate

Catering services, no matter the size, is one of the most profitable businesses in Ghana.

  1. Farming

Though not lucrative to the majority of well-educated Ghanaians, farming as a business has tremendous profit potential. Vegetables, cocoa, mango, maize, palm and cassava are some crops with high potential. Getting a litigation-free parcel of land is the major challenge. Other challenges include pests and diseases and bad weather. Capital requirement vary largely based on crop, location and extent of mechanization.

  • Min capital requirement :GHc10,000
  • Expected returns per annum: 60% or more
  • Risks: High

Farming is a lucrative business in Africa and it among the most profitable businesses in Ghana.

  1. Digital photography

Another fast growing industry with little regulation and organisation, but putting so much cash in the pockets of its owners. Establishing a powerful brand for yourself is a differentiator. Brands like Ripple Effects and Ophlex have made remarkable strides in the industry.

  • Min capital requirement: GHc9,000
  • Expected returns per annum: 60% or more
  • Risks: Low

 

  1. Pharmacy shops

We all care about our health. Providing the Ghanaian population with healthcare products and services is a lucrative business. It is a highly regulated industry. Capital requirements also depend on how big you want to start.

  • Min capital requirement: GHc20,000
  • Expected returns per annum: 60% or more
  • Risks: High

 

  1. Transportation

Trotro and taxi business is a lucrative business in Ghana if well-managed. Start with one car and learn the ins and outs of commercial transport business in Ghana, after which, you can increase your holdings. Do not forget to insure your cars, to mitigate the risks on the road.

  • Min capital requirement :GHc22,000
  • Expected returns per annum: 55% or more
  • Risks: High

Transportation is a key sector of the economy. Due to the deficit in that sector, it is one of the most profitable businesses in Ghana and many parts of Africa.

  1. Fashion

A vibrant industry in Ghana with regularly changing trends. Designers, tailors, cloth wholesalers and suppliers of accessories are some of the players in the industry. Timely delivery and uniqueness are great differentiators here.

  • Min capital requirement: GHc12,000
  • Expected returns per annum: 60% or more
  • Risks: Low

When managed carefully, a fashion business is part of the profitable businesses in Ghana.

There are many more businesses in the country with superior returns.

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