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Most Profitable Investments In Ghana – Thinking of starting a business in Ghana? There are many types of businesses to consider, from import and export to selling cell phones and providing business services. But while all businesses seek to make a profit, some are better than others. These companies are not experiencing an economic crisis; They continued to make more money as the cedi fell against the dollar. This is a business to consider in Ghana. See below for more
The female brain of Ghana (as it is the rest of the world) thinks that skin is better than being black, which means that there is a real opportunity to make money in this business! No wonder it’s one of the best businesses in the country and those who do make it live big. Most importantly, you won’t lose anything in the cosmetics business because whatever you offer, women will buy it.
Most Profitable Investments In Ghana
Currently, sellers of mobile phone accessories, computers, laptops, printers, copiers and the like earn billions of cedis. With the tremendous advancement of technology in this country, more and more people own or use these gadgets every day. In fact, 10-year-olds have cell phones and most students have computers, and they all need equipment. Any business looking to enter into this type of business should consider it.
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Ghanaians don’t hesitate to drink alcohol and this popular drink can be found at festivals and events in the country. Almost everyone involved in this business is hard working, including advertisers and those who run small businesses or companies as they are known in Ghana. Think Agya Appiah, Kasapreko and the like.
If you are looking for a thriving business, clothing is the one. Sales of toothpaste, shaving cream, diapers, toilet rolls, sanitary napkins, wipers, etc. Increase as these items become popular among Ghanaians. They need weddings, and dinners, and parties, and newborns. This business offers a great opportunity to make millions!
While Ghana is proud of its gold reserves, jewelery is expensive in the country and those starting businesses undoubtedly work hard. This is partly because of the need for wedding rings today, with every wedding needing one, and partly because women treat jewelry as an important part of their style and can’t keep their eyes off it. If you are seriously considering starting a business, this is one site you should consider!
Who doesn’t want to have their own home? Every young Ghanaian couple dreams of building a house one day and if the money “flows in” you will see them all flying high. In addition, there is an abundance of property developers, two factors that make this field one of the most profitable businesses in Ghana. Building a house requires things like cement, tiles, glass, iron rods, gratings, pipes, paint and so on. If you do these things, then you can be assured of a great job.
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Another profitable industry in Ghana is pharmaceuticals. Medicine is very important in this country and there is no other choice but to buy necessary things, if they get sick. While it is not easy to enter the market because of the many rules and regulations associated with it, you have a real chance of joining the “club of millionaires” when you do.
Today, beauty parlors in Ghana have upgraded to include wedding decorations, wedding decorations, rental dresses and more, and these things don’t come cheap. Plus, hairstyling isn’t easy ─ consider pedicures, manicures, exfoliation and makeup, which have become a necessity for most women.
Over time, most Ghanaians have come to accept the power and effectiveness of the remedy, and the government’s attempts to apply research to the field have only helped fame. As a result, there is a demand for this type of drug and most of the entrepreneurs involved in the field earn billions of cedis.
Last (but not least) on our list of the best businesses in Ghana is a barbershop. Everyone needs food to survive, so you can make sure you don’t suffer a loss and make a lot of money. But you don’t have to own an international restaurant to make big money. Even those who work in small groups benefit greatly! Ghana is a fast developing country with abundant natural resources including real estate, oil and gas. A number of economic development companies have entered the country to get involved in the economic crisis. In this article, we will present the methods, procedures and requirements for investing in Ghana.
Ghana: A Land Of Opportunity
This is a sector that has grown rapidly in recent years. It has a lot to offer Ghanaians, tourists and the expatriate community looking to immerse themselves in it. You need to know who owns the land and make sure you buy from the landlord. Land here is sold to various buyers and non-owners. You have to check the land certificate at the government office and land selection will be made. The fee for this service is at the customer’s expense.
Second, you need to check the document yourself and participate in all activities related to the sale of property. Contact an independent attorney to review documents as a precaution before you make any payments.
When you buy undeveloped land in Ghana, there are opportunities set by the government for development. You may need to build basic structures like platforms, or houses in two years. This minimizes questions raised about land ownership, or uncollectible assets on property or trees. You should find out these requirements from the government office before buying land.
Ghana’s land is mostly on lease basis. This means that you cannot own land as a company or individual forever. Leases vary from 25 to 150 years. Language for foreigners is shorter than Ghanaian but everything is negotiable. It is important to discuss this with your real estate agent before buying.
How To Invest In Ghana Real Estate Business
It is wise to use the services of a registered real estate agent. They should be in good standing and give you sound advice to help you negotiate how to buy property in Ghana. Foreigners are prohibited from buying land or property in Ghana. There are four types of land ownership in Ghana. This depends on how they were obtained. These are government land, traditional/bench land, tribal/self-sufficient land and independent land.
Investors should consult the Ghana Investment Promotion Center for the necessary procedures. They will be directed to the agency responsible for the legal acquisition of the property so they can identify the legal owner. Transaction fees range from 8.25% to 16% of the property value. Because it is difficult to prove land rights. The buyer pays the agent a 5% commission and the buyer pays a stamp duty between 0.25% and 1%. Legal fees between 3 and 10%. This job is negotiated and paid for in Ghana Cedis (GHC). All activities are conducted in English.
Some 40,000 immigrants live in the nation’s capital, Accra. They live in a large detached house with a garden and garage outside the city center. These are often rented out and offer between 6-8% returns. A 200 square meter house costs $150,000, approx. GHC 504, 719. It is rented for $50 per month (GHC 168). Apartments sell for between GHC 6.7 and 7.2 million ($1.9-2.1 million) per square meter. The rental market in the capital is large at 37.5%. Income from rental income is low. Rental income for non-residents is 10% and is held at source. This is a tax on gross rental income. Capital gains are taxed at 15% and nothing is taxed on inheritance. Gift tax is charged at 5% on the transfer of goods as a gift. Nationals between 0 and 25 are subject to income tax at a progressive rate.
Rent is charged between one year and three years in advance. This is not a legal requirement but since the rental market is in the owner’s favor he can do so. Usually six months in advance and then paid every six months. The rental agreement must be terminated before it expires
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