Ghana is considered to be the least developed country in the world. Still, it is considered the fastest-growing economies in Africa. People have vast opportunities to start a business in Ghana. With little investment, they can flourish, only if the business has potential.
During COVID-19 people has lost their jobs and received a decrease in their salaries. Thus, Ghanaians are looking for ways to start their livelihood through various means. Online jobs are providing great ways to do business. However, people who are less educated but looking for money can start businesses like poultry, fish farms, dry cleaning, taxis, etc.
FinanceWithDes is an online website created and founded by Cajetan Desmond. He is a blogger, content writer, and financial expert who want to change the lives of Africans. With all his knowledge he tries to educate people with business ideas in Ghana, how to make money online, how to save money before retiring, and proper knowledge about various financial institutions that lend money. His mission is to let all Africans feel financial freedom.
Doing business in Ghana is beneficial. The government is executing guidelines to decrease the overall cost of doing trade in Ghana. This will promote investors from other countries to invest in businesses in Ghana. Ghana is also known as the most attractive location in Africa which gathers various tourists from different countries. Thus doing business in Ghana is beneficial.
Benefits of Doing Business in Ghana
The agriculture, mining industries, human resource, and growing manufacturing sector, has blessed Ghana with natural wealth. Ghana is the second-largest exporter of Cocoa. Other than that, the country also exports pineapples, cotton, wood products, tuna fish, jewellery, and textiles. Ghana also exports gold, diamonds, bauxite, and aluminium. Currently, gold has taken the position of Cocoa in Ghana. The literacy rate is higher in Ghana which is the highest in the continent.
Rise in Telecommunication Sector
The telecommunication is providing five cellular operators and Ghana Telecom Network. Several internet service providers are also found in Ghana. Various banks and other institutions are using data services of reliable and famous networks.
English Language is Primary Language
English Language is the official language in Ghana. This helps people to travel to other countries to work or do business. Also, people or investors can communicate with Ghanaians easily which makes business smooth.
The political structure of Ghana is well defined. The country has had stable democracy for decades. The low level of corruption, lack of social instability and free elections make it a safe and broad-mind country. Outsiders are welcomed in Ghana so that economy expands further.
There is a significant increase in the power supply in the country. This has helped in the development of the overall country. The government has emphasized the combination of thermal, hydro and renewable energy which will help in the development of various industries.
Harbours and Transportation
Ghana has two ports in Tema. They are used for commercial purposes like handling crude oil or transporting heavy vehicles, containers, steel, etc. Road transport is the main transportation for freight and passengers. Ghana railway connects major mining areas to the seaports. The international airport in Ghana makes it easier for international investors to travel to the country conveniently.
Being a democratic country with various resources, it is beneficial to do business in Ghana. If you’re planning to expand business overseas, this is the right place for you.