Ghana's investment destination is becoming increasingly enticing. It has an increased GDP, a stable political climate, and smoother start-up and management. Ghana was in crisis just three decades ago; Ghana was at the edge of the global downturn. The West African country has made an impressive return and will be the fastest-growing economy in the world in 2019.
Start a Business in Ghana, Click Here
Let us find out the best business opportunities in Ghana!
1. Fertilizers and Agriculture products
Agricultural products represent the country's major GDP; fertilizers play a key role in agriculture and agriculture. As this is the era for the good of human beings for biofertilizers and biopesticides, you can invest in or build a firm engaged in the manufacture of these products.
Related Projects:- Fertilizers, Fertilisers, Inorganic Fertilizers (Mineral Fertilizer), Macronutrients and Micronutrients, NPK, SSP, Single Super Phosphate, Urea, Nitrogen Fertilizer, Nitrogenous Fertilizer, Diammonium Phosphate Projects
The markets for these products are enormous and you can quickly access the demand in Ghana as people are searching for alternatives to chemical fertilizers to increase their farm productivity if you start to manufacture bio-fertilizers.
2. Frozen Food Business
One of the most lucrative companies in the SME sector in Ghana, the cold-room storage industry, also known as the frozen food company. Smart business people in Ghana every day work hard to profit from the constant need for fish, poultry, and beef.
Related books:- Food Processing, Food Industry, Agriculture, Agro Processing, Processed Food, Cereal Food, Fruits, Vegetables
Every day the Ghana-based Frozen Food industry is more profitable. Moreover, a gradually busy way of life of most Ghanaian communities, in particular, the working class, underpins their growing attraction. Practical, because frozen foods maintain more time than fresh cooled foods because the solidification procedure suspends the catalytic activity which is responsible for the food spoiling. It offers well-being as solidification suspends microbial and infectious food action. It is sheltered for the time the food is frozen. Due to these reasons, entrepreneurs have shifted their focus largely on the frozen and canned food business.
3. Fish Farming Business
Fishing in Ghana was once an economic practice that some peoples depended heavily on. Unfortunately, the dependency on natural fishing has decreased immensely as other activities such as damming are being implemented, because of the changing ecological condition of the Volta Riverbank. Therefore, fish farming is an option to meet the growing demand. The start of a fish farm in tilapia is something that most people in Ghana want to see how lucrative the enterprise is.
As it stands, Ghana has excellent conditions for encouraging fish farming. The weather is excellent, the water volume and temperature also benefit tilapia and other aquatic lives. The water quality is superb. There is still plenty of work to do. Markets are no concern since Ghana's greater population appreciates high-quality sources of protein like fish.
4. Textile Manufacturing Business
Ghana benefited from the initiative of the African Growth and Opportunities Act (AGoA) and now has the advantage extended for another ten years, as a quota/duty-free status is readily accessible on the U.S. market. The textiles and clothing industry has consequently become a profitable field of investment with unimpeded unrestricted entry to the American market for quotas and duty. By creating a 178-acre textile and clothing village within the Export processing zone in Tema, Ghana is leveraging this benefit.
Located near Tema's harbor town and Ghana's international airport, this Textile & Guarding village provides convenient access for raw materials imported and exports to the USA and Europe of finished goods. The textile village has facilities for investors who want to relocate their factories in Ghana, for example, power, water, and ready factory shells, to take advantage of the country's duty and free quota entry.
5. Pharmaceutical Business
The present trend for a low cost - and efficient medicines provides pharmaceutical firms with an excellent opportunity to locate in Ghana and take advantage of favorable labor costs to manufacture drugs at relatively lower costs for the sub-region and other emerging economies
The pharmaceutical sector in Ghana has increased enormously over the last two decades. Better emphasis on better clinics, infrastructure, and better drugs has given the major players in this sector greater benefit. The health sector is increasing to a new dawn with the government endorsing its invincible healthcare infrastructure.
NPCS has represented hundreds of thousands of customers. In addition to a thorough understanding of the challenges facing a variety of markets, it has led to a vast and extensive portfolio of NPCS features in the field of technology and financial practicability, integrated business research, feasibility study, and a comprehensive market survey.
