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Profitable Investments In Ghana – There are many investment opportunities in Ghana. This article is dedicated to expats and Ghanaians who are willing to put their blood and sweat into the right investment channel to get the best returns. There are many investment companies in Ghana
The common man wants to get a good job, hope to buy that coveted car and live in that house he’s been dreaming of for a long time. Wealth creation doesn’t come on a silver platter, it comes with hard work and smart investments.
Profitable Investments In Ghana
We share with you six investment tools that can help you create the wealth you seek.
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Most people have heard of bonds, stocks or the stock market. There are many other ways to invest your money to get good returns. Investment instruments are generally divided into assets, properties and portfolios.
Assets are personal assets that are included in your property. And portfolio refers to all investments in a group. You can diversify your portfolio by investing in different assets. Assets are also divided into classes called bonds, stocks or funds. (The money you spend on expenses is also a form of property or investment in your net worth. Knowing these terms makes it more clear how important they are and where higher income comes from. .
When you buy an owner-occupied investment, you own that property and expect it to increase in value. The following is a list of some types of investments in Ghana. Or as we have listed the top six investment tools used in Ghana.
Real estate is one of the safest investments in the world. It is in constant demand and the price hardly goes down. Land, for example, can be rented for a short or long term.
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A better option, especially if the land is located in a large area, is to build a residential or commercial building on it. Renting or leasing what you build can be very profitable. Alternatively, you can buy and rent/rent a condo for regular income. Also, the house can be used as security in the future, if necessary. Regardless of your choice, building or buying a home is a safe and risk-free investment.
Hotels are generally a solid investment option. They generate predictable income and are a departure from traditional investments such as real estate that are simply bought and sold.
In other markets, such as the U.S. real estate market, commercial real estate can cost anywhere from $2 to $15 million to invest, while real estate can be as high as $60 million. accommodation. Such expenses should be easily expected when investing in hotels in Ghana. It is foolish to underestimate the value of anything in Ghana, let alone housing. In fact, there are many factors that determine the cost of doing business in Ghana.
The COVID 19 situation has slowed down the growth of the industry this year just like any other industry, but when everything gets back to normal you can count on a strong comeback.
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The Ghana Investment Promotion Center (GIPC) should be your first source for determining the cost of investing in a hotel in Ghana. They provide information on living standards such as business registration, work or employment, taxes, utilities and rent.
Despite the high costs associated with major investments in projects such as hotels in Ghana, there are still many reasons that support such investments. there are:
Foreign direct investment (FDI) in Ghana has been steadily increasing over the years. Known as one of the largest democracies in West Africa, Ghana has proven to be a safe investment destination for many. This explains the recent emergence of major international hotel brands such as Marriott in 2018.
Fortunately, the industry is far from dead. Currently, there are about ten global brands that dominate the hotel sector in Ghana. These include Labadi Beach Hotel, a branch of Legacy Group in South Africa, Golden Tulip Hotel, one of the Louvre Group Hotels, the famous Holiday Inn, Mövenpick Ambassador Hotel and Kempinski Hotel Gold Coast Accra.
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Compared to other African countries such as Nigeria or even South Africa, it is clear that there is enough room for other players to enter the market.
Ghanaians love their food and the fact that there are countless restaurants scattered across the country proves this. Accra in particular has many restaurants that cater to the western palate and not just local food. Interestingly, unlike most non-African countries where fast food joints are scattered in every corner, Ghana is a virgin region when it comes to fast food.
Certainly not because the country is no stranger to fast food franchises. In the past decade, many global brands have entered and thrived in the Ghanaian market including Burger King, Pizza Hut and KFC. Simply put, a fast food franchise in Ghana should be a clear proposition for investors.
For example, McDonald’s, a brand that has yet to be found in Ghana, records that 80% of its restaurants worldwide are owned by local franchisees. Despite the initial start-up costs associated with starting a global franchise locally, these restaurants generally benefit from massive support in international marketing campaigns. . Local franchises hardly need to work to gain new audiences.
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Food chains, especially global brands, are consistently profitable and able to generate the necessary cash to sustain operations. They are historical all-weather players.
Global demand for oil and fuel remains high and shows no signs of abating anytime soon. Kosmos Energy, a Dallas-based company, first discovered oil in Ghana in 2007. The discovery is considered one of the largest oil discoveries off the West African coast in the last decade. . According to GIPC, Ghana has been producing commercial oil since December 2010. Currently, there are four major oil and gas fields in the country. these:
In an interview with CNBC, Imad Messadoua, Senior Advisor at Risk Control, announced that there will be an oil boom in Ghana. This is in line with the 8.3% economic growth experienced by Ghana as of July 2018. In fact, oil and gas exploration continues in Ghana and the amount of crude and natural gas continues to grow.
Ghana’s oil and gas industry is ripe for investment in exploration and investment right now. The economy is very stable and the political scene is one of the most stable in Africa. It is wise for investors to get involved now.
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Ghana is world famous for having four major mineral resources, gold, diamonds, manganese and bauxite. Ghana is the largest producer of gold in Africa with an output of 80.5 tonnes in 2008. Other minerals available in Ghana are natural gas and oil, silver and salt as mentioned above. Mining is an important sector of foreign investment in the country.
There are about 23 major mining companies operating in the mining industry in Ghana. Industrial investment opportunities exist and are growing in the areas of extraction or production and industrial processes. According to the GIPC, there are the following:
Although a large proportion of large mining companies are multinational, small-scale mining in Ghana is exclusively owned by Ghanaians.
The country’s mining industry accounts for 5% of the country’s GDP, and minerals account for 37% of total exports.
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Land is one of the most sought after properties in Ghana. Recently, land prices have increased due to the demand of foreigners and expatriates looking for investment in Ghana.
Trying to own land in Ghana can be very difficult. It can also be very useful if all the documents are original and authentic.
The most rewarding part of owning land in Ghana is when the land is in a commercial location. Locations near shopping centers, markets and towns have a higher rate of return on investment.
Technically, land ownership in Ghana as a business or individual is by lease. You cannot own land indefinitely as a company or individual. Leases vary from 25 to 150 years.
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Foreigners have shorter rental periods than most Ghanaians but they are negotiable. It is wise to approach a certified real estate agent or agency to speed up land acquisition.
1. Do your due diligence. (Be careful and check with the Land Commission about the seller’s property.)
Ghana is ripe for investment so finding the right investment companies in Ghana can help you plan and make your investment worthwhile.
Please enter your name or email address. You will receive a link via email to create a new password. Most of the time, when you invest in something that will make you a lot of money or keep you financially stable for a long time, the risk is too high.
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The job of an investment company is to use the money provided by investors in profitable financial securities. It doesn’t matter how they do it, they make sure your investment is safe. If you want to make money from investing, you can
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