7 Untapped Business Opportunities in Ghana 2021
Are you looking for untapped business opportunities in Ghana? You might be searching for these opportunities because you are domiciled in Ghana or want to move there.
The Ghanaian government’s ongoing privatization initiative is opening up several sectors for new business partnerships and investment. Some of the notable areas include banking, petroleum, telecommunications, e.t.c. Ghana’s economy is thriving and has many untapped opportunities. Here’s the good news. Most of these untapped businesses do not even require a huge amount of startup capital.
Untapped Business Opportunities in Ghana 2021
In this section, we will discuss some of the untapped business opportunities in Ghana 2021. Check them out to figure out which of them might interest you.
Vocational Training Institutes for Graduates
Ghana’s economy is liberalizing. Because of this, there is a need for talented and well-educated graduates who can work within and outside the country. Furthermore, the country’s progress necessitates the hiring of more competent personnel. Graduate vocational training colleges can be a godsend for graduates looking for work.
If you are well-trained in a field and want to start your own business, try spreading knowledge. This is a great business opportunity in any country, especially developing countries. The number of candidates you will receive is enormous if you train them well and help them achieve their goals.
The demand for both residential and commercial real estate continues to grow across Africa. However, there is still a huge accommodation shortage. Africa’s real estate market opportunities include investing in land and real estate (properties) to take advantage of fast-rising property prices. There is also lucrative potential in developing middle and low-income housing and office space for sale, lease, or rent.
The real estate market is booming in Ghana. People are looking for rentals for both short-term and long-term stays for working and studying. So, you can build an app that helps people locate properties in their desired locations. By doing this, you can earn good money and expand the business.
Start a Cleaning Service Business
Cleaning services is one of the untapped business opportunities in Ghana today. As an entrepreneur, you can effectively start a commercial cleaning firm anywhere in Ghana. We can assure you that you will earn a substantial profit in a short amount of time.
This is because Ghana’s commercial cleaning business is thriving. Many individuals are busy and don’t have time to do their chores or even pick laundry. If you have a flair for cleaning, this is a business you can effectively do.
Start Coffee Exporting Business
A coffee export business involves exporting a wide variety of raw coffee beans and finely packaged coffee to other countries. Suppose you are considering starting a coffee export business in Ghana. The good news is that you can’t get it wrong because the Ghanaian government supports the export of cash crops. There are several modalities in place for entrepreneurs like you to make exporting cash crops less cumbersome.
We must not also forget the fact that people all over the world consume coffee. So as long as you have good coffee, you can bet that there is a ready market for your products.
Day Care Business
In Ghana, opening a daycare center is a fantastic business opportunity. You don’t have to look after the kids by yourself; you can hire reputable individuals to do it for you.
Running a daycare business is in high demand because most parents are busy at work during the day. As such, they require assistance in caring for their children during their work hours.
One of the benefits of starting this business is that it isn’t capital intensive. However, you must take certain precautions since the business involves children. Some of these precautions include maintaining a high level of security and hygiene.
Online shopping and e-commerce services
The e-commerce market is growing rapidly in Ghana though it is still in the nascent stage. There are so many opportunities in this sector. Do you know that people even purchase groceries online these days?
There are several ways to make money from offering e-commerce services. One way is to create an app that allows people to shop from their homes. Another way is to partner with popular companies to act as an affiliate marketer. Finally, you can go into drop shipping so that you don’t even have to bother about storage space.
In Ghana, people love to party and host events. So there is a market for you to strive as a caterer.
If you love to cook or are interested in the food business, you can start a catering business.
You’ll only need to get a small team to assist you with cooking for large orders. Starting a catering business requires little capital as compared to other businesses. This business is extremely high in demand due to the huge number of events and gatherings that occur each day.
These untapped business opportunities in Ghana are very lucrative. If you are driven to make them work, you will experience tremendous growth. What other business opportunities do you know in Ghana? Share them with us in the comments section.