One Thousand Ways To Make Money In Ghana

What are thousand ways of making money in Ghana ?
This
is an area of interest every Ghanaian can identify with.
How
to make money in Ghana has been a much discussed topic
among Ghanaians.
With several investments opportunities
bandied about on a daily basis, coupled with the reality of
falling prey to fraudsters, a lot of Ghanaians are in a fix in
finding genuine ways of making money.
This article comes
to the rescue by providing several ways you can make
money legitimately here in Ghana.
A Thousand Ways ?
This is the question that readily comes to mind on reading
the title.
This is however a figure of speech.
It simply refers
to the several opportunities available for making money
which are in the real sense above a thousand.
This article
will provide some of these opportunities Ghanaians can
exploit.
However, serious dedication and diligence are key
ingredients necessary for turning these into reality.
Although quite challenging, Ghanaians have been known to
be resilient people.
Overcoming these challenges requires a
huge dose of drive and determination.
The Population Factor
Ghana’s population is its biggest asset.
Any business
venture that gets its act right from the onset will certainly
make it big.
Therefore, the right strategies need to be
implemented to benefit from the opportunities presented by
our population.
A high population means increased sales.
Every business needs patronage to survive as businesses
thrive on patronage.
However, getting this patronage
depends on first winning the trust of your clients.
But why
not just get to the point of stating these opportunities ?
Because this information is necessary for starting any
business of note.
We commence with the following;
Starting a Transport Business
A successful transport business depends on several
factors.
Of course planning is the first first ingredient to
make this a reality.
A thorough understanding of how this
business works is very important.
For the newbie, this can
be overwhelming, however, seeking help from competent
hands can make the difference.
What does competent
hands mean then ? It simply means people possessing the
right knowledge and experience in this field of business.
An
example of these include established transport companies,
and old hands who have been in this business for long, and
are themselves successful.
A transport business can be financially rewarding if done
right.
A key requirement is having a fleet of cars for big
investors.
However, if you are starting small, a good car is
necessary.
Before you start, ensure that you register with
the necessary unions.
The National Union of Road
Transport Workers (NURTW) is where to go to. The NURTW
registers all transport businesses.
Start a Catering School
Catering has become big business in Ghana.
There is an
ever increasing number of people willing to learn this skill.
By starting one, you will certainly attract a lot of patronage.
However, you need to possess the necessary skill and
expertise to run successful catering business.
Getting
things right from the onset is very important to profitability.
A Security Company
There are many businesses and individuals requiring the
services of security companies.
It is important however that
you obtain clearance or licensing from the regulatory body.
In Ghana, the regulatory body vested with the issuance of
licenses is the Ministry of Internal Affairs.
This sector
promises a lot of prospects for growth and profitability.
For
proper coordination, consider enlisting the services of
retired security personnel.
Their advice can be of great help
to the business.
A Car Wash
A car wash business in a busy neighborhood can be
financially rewarding.
If you live in one of such
neighborhoods, serious consideration should be given.
In
big cities where people have less time for anything outside
work, this is a great business idea to make money from.
The start-up costs to set up this business are considerably
low.
An Eatery/Restaurant
Food is a necessity for optimal performance.
Wherever
there are people, food is needed. Busy neighborhoods
typically attract higher patronage.
Therefore, siting you
eatery/restaurant in such neighborhoods should be
considered.
But before starting one, consider your
competition, and take advantage of their weaknesses.
This
can give you the much needed financial breakthrough you
so much desire.
A Bakery Business
A bakery business can become a money spinner if done
right.
The main selling point of any bakery business is the
quality of products.
By baking high quality bread and
snack, the patronage can at times be overwhelming, which
is good for business.
To attain this height, proper training
in baking is necessary .
A Swim School
Swimming has become an increasingly popular recreation
among Ghanaians.
Establishing one can become financially
rewarding.
Affluent and middle-class neighborhoods should
be considered, as they will form the bulk of your patronage.
However, getting certification is an important requirement.
Certification gives your patrons more
confidence in your
ability.
Blogging
Blogging has literally changed the stories of countless
Ghanaians.
This has continued to become a source of hope
for many Ghanaian.
However, knowledge is a key
requirement. If you put in the necessary work into this field
of endeavor, the sky would be your starting point, as the
income can at times be mind boggling.
Real Estate
Starting this business can sometimes be financially
demanding.
However, the benefits are huge. Once a real
estate business becomes successful, the financial rewards
are immense, and in most cases continue for throughout
your lifetime.
There will always be tenants or buyers of
houses.
Once established, the turnover increases with the
changing economic climate.
Distributorship
In Ghana, distributorship of major companies have become
very lucrative.
By becoming a distributor, the company
gives you their products at highly discounted rates.
This
allows you have an attractive profit margin.
Before
committing yourself to become a distributor of any
company, the profile and incentive offering should form a
key consideration.