How much does it cost to start a business in Ghana?

How much does it cost to start a business in Ghana?

Ghana company incorporation costs in Year 1 amount to US$6,950 and annual company costs in Year 2 and thereafter amount to US$0. The average total fees per Ghana engagement amounts to US$18,650, including company formation, company secretary and corporate bank account.

What profitable business can I start in Ghana?

20 Most Profitable Business Ideas in Ghana 2021

  • Poultry Farming.
  • Snail Farming.
  • Vegetable Farming.
  • Uber.
  • Day Care Centre/Basic School.
  • Photography Services.
  • Barbering Saloon.
  • Gym/Fitness Centre.

Can a foreigner start a business in Ghana?

All foreign or foreign local joint investors are mandated to register their businesses with GIPC. At GIPC the investor is required to provide proof of their stated capital indicated on the incorporation document (Form 3) either in cash or kind or combination of both.

How can I make money fast in Ghana?

Here are some of the most common ways in which lots of people from Ghana could earn money online.

  1. Start A Blog.
  2. YouTube.
  3. Sell Your Own Stuff.
  4. Use Existing Websites.
  5. Freelance Writing.
  6. Google AdSense.
  7. Sponsored Posts.
  8. Consulting.

How much does it cost to register a sole proprietorship in Ghana?

What Is the Cost of Registering a Sole Proprietorship Business? The official fees for registering a sole proprietorship business in Ghana is GH₵60. This payment is to be paid at the in-house bank at RGD.

Is Ghana a good place to start a business?

Ghana is ranked 114 among 190 economies of the world when it comes to the ease of doing business. So, if you are looking for a business opportunity to start in Ghana, here are 50 best business opportunities you can choose from.

What products are in high demand in Ghana?

Phones and Accessories Top-selling brands that are found in Ghana are Apple, Samsung, Infinix, Tecno, Huawei, iTel, Nokia and much more. The rate at which these products are in demand is quite overwhelming. Apart from mobile phones, accessories are also in high demand.

How can I open a shop in Ghana?

How to Start a Business in Ghana

  1. Develop a Business Plan from your ideas or goals.
  2. Get your Tax Identification Number (TIN)
  3. Register your business at the Registrar General’s Department.
  4. Open a Business Bank Account.
  5. Apply for Business Operating Permit from the Metropolitan /Municipal / District Assembly.

How can I get business permit in Ghana?


  1. Write an application or introductory letter to the Municipal Chief Executive stating the Name of Business, Type of Business and Location of Business.
  2. Add all relevant documents (Certificate to Commence Business, Certificate of incorporation etc .if any)