The country is hard, due to the unstable condition of the economy. Many university and college graduates have yet to be employed. And most businesses and companies are already filled. Even when you are employed, you will probably have salary-related problems that all point to one thing, brokenness.
No one wants to be broke. When you are broke, then that would mean, you literally will not be able to get yourself the best of things much less for your family. Since we all do not want to be broke, and actually roll in some ‘Kudi’, I have researched and compiled a list of businesses you can start in Ghana with as low as 1000 Ghana Cedis.
These businesses are easy to operate and require very limited capital to start. Even if it is stressful, you must know that work is supposed to be stressful at least. Therefore, you must endure it and within a given time, you will start enjoying the fruits of your labor.
All these compiled small business ideas listed here are for anyone who wishes to earn money regardless of whether you are employed or not. You can have it as your side hustle.
Being an entrepreneur can be a very interesting life. Entrepreneurship forces you to learn and to adapt to situations no matter what they are. But as you fall and rise, it serves as a bed of experience where you can always seek knowledge and reference sometime in the future. Therefore once you decide to begin these businesses with me, you take a step Jeff Bezos and Elon Musk took sometime ago.
You will be trailing on the path to greatness. Just like I said, it may be easy and require limited capital, but when you choose to give it your all, you are bound to be great. Are we ready? Let us dive right into it.
11 Businesses You Can Start with Less Than 1000 Cedis
1. A poultry Farm
With your 1000 cedis, you can have your small poultry farm in your backyard. That is how you begin, then you scale up. You can only scale up when you give yourself the patience required as well as investing and reinvesting. Having a poultry farm is a business that has huge potential here in Africa, and most specifically in Ghana. Why? Because here in Ghana, we have this tradition of having chicken soup and fufu an Akan staple food, every blessed Sunday.
So imagine how many chickens that are being slaughtered every blessed Sunday. And as of the time of writing this article, a single chicken costs around 120 to 200 Ghana Cedis, which is a lot, if you do your maths. Aside from that, every person on this planet is aware of the fact that Ghanaians love eggs, and due to that, eggs are always in demand in the country.
And the prices of eggs are always on the move, always fluctuating. So when you have a stable poultry farm in the country, you are on your way to building riches. All you need to do is invest, do not spend your return on investments. Make sure to invest them and reinvest again, as spending them brings you back to zero again which we do not want.
Also, you should know that chickens do not take long to grow, by a year, they should also be giving you eggs. If you have no chickens to begin with, do not fret, you can buy some from a local farm for a cool price, and I am sure it would not exceed more than 10 cedis per chick. Therefore take your money, start planning the cost of your pens, your feed, and the animals, and get to it.
2. Animal Feed
This is a bonus to the previous point. When you have a poultry farm, you can start making your own feed, where you could sell some to neighboring farms and also use it in your own farm. Just know the right ingredients and how to formulate them. If you can not do it, make good use of your smartphone, go to YouTube, and watch videos on how to formulate animal feed. And with this one, you would not even spend up to 1000 Ghana Cedis. All you would spend on would be your ingredients and formulas.
3. Grow And Sell Vegetables
You must be wondering why I am beginning my points with agricultural-related businesses, and there is a very good reason for that. Agriculture is a gold and oil business, meaning there is money to be made from it, especially when it is done the right way. And great businessmen in Africa have stressed the need for Africans to make good use of it.
Ghanaians still live in the olden days when we wasted too much energy just to farm. When farming is done the right way, with the right kind of tools, technology, and knowledge, there is money to be made from it. When you have a small farmland somewhere close to your house, then you should give vegetable production a try.
Many people are aware of how unhealthy foods are now flooding the markets. And as such they now are in need of vegetables to make their diets more healthier in order to protect against food-related diseases like diabetes and the like. Therefore, it has created a demand in our various marketplaces. Once there are vegetables on the market, people rush to claim theirs immediately. Which paints the image of cash flowing into pockets.
So get your cash, get yourself the right tools with the right knowledge as well as with the vegetables you want to grow and start your business. Any agricultural business requires patience and ample knowledge, especially in this new world where knowledge is abundant and important. Give yourself the time and like I said make sure not to spend your profits on fancy things, but rather invest and reinvest them, and you will soon be a rich person.
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4. Snail Farming
Another powerful agricultural business yet very much underrated in the country. Snail farming is actually one of the easiest, less capital-intensive, yet profitable businesses. Yes, it is actually not capital-intensive as compared to catfish farming. That one requires you to spend huge sums of money, in terms of feed, water, and other things, which means, it takes more than our 1000 Ghana cedis budget to start so it will be out of this article.
Snail farming, as I said, is not very much capital-intensive in terms of feed and other related maintenance services. They do not require any special food or care. They thrive more on organic wastes like, watermelon, banana, oranges, basically anything you can get your hands on that is organic. The only thing you might have to spend excessively on is their pen, and for that one, it definitely won’t exceed more than 500 cedis.
Also, you will have to buy your snail babies from other farms or you might as well visit your village this rainy season and hunt yours. One good thing about snail farming is, that your animals reproduce in a multiplicative manner since these animals are said to be hermaphrodites which means both males and females are able to lay eggs. Aside from that, they sell a lot on the marketplace since people are starting to give their health a little more attention, because, red meat has been shown to be the cause of several health issues.
Aside from all these, snails are said to produce slime /mucus that is used in the production of cosmetic products like body creams, hair creams, and the like. When extracted and packaged right, one can export them outside the country, and that alone can make your fortune.
Therefore starting a snail farming business is a good business. With snail business, if you really want to count your money with a huge crescent moon on your face, have the patience and give it, say 2 years, as by then most of your snails would have grown bigger and plenty.
5. Buying And Selling Of Stationery
Let us give the agricultural businesses a rest for now and head into the sale of stationery items. With this business, you can go to huge stationery retail shops in the country, you have Accra, Kumasi, Tamale, and Sunyani as well as many other places. Get yourself stationery items that are eye-catching.
When you go to retail these stationeries, do not just buy them because you have the money available, inspect them, and be assured that, they are what you want, and that the market needs it, if not by the time you realize, your 1000 cedis would have gone down the drain, and you would be thinking business sucks, meanwhiles you did not do your homework.
Therefore, make sure your goods are colorful and essential. Some of these stationery can be books, pens, pencils, and many others. Make the right choice for your potential customers. After all this, you could have nice pictures of your goods and post them on social media or share them with your friends. Also, you can create an e-commerce shop.
Shopify is a good choice. Let people know what you are doing. Basically market it well. When you are able to brand your products and have a stable marketing strategy, you will multiply your money in a very short time. You just need to be open-minded about the business.
6. Selling Second-Hand Clothing
In Ghana, boutique clothing is very expensive and most people in the country can not afford to be always buying them, therefore, most of the masses, resort to prioritizing second-hand clothing because they are cheap and also when you are lucky, you can get yourself very high-quality clothes that can last for a very long time.
With Less than 1000 Ghana Cedis, you can get yourself a bill, wash the clothes, give them a good ironing, and then you are good to go. With this particular business, you need to give yourself the time to grow to learn the ins and outs of the business. Such as what the market really needs, it may be, children’s clothes, women’s or men’s trousers, etc.
You need to watch out for this little information so that you can be dynamic in your business. With time, you would be multiplying your 1000 Ghana Cedis, and you would be growing financially. Just make sure not to spend your money, it is very important. Make sure to invest.
7. Making Of Soaps And Detergents
Of late, many people are going into this kind of business a lot. As with just a few 100 cedis investments, you would be making more hundreds. Make use of YouTube videos, attend classes, or learn from people who know how to do them. Learn branding, also make sure to have a good marketing strategy, and then start making your money. Like I always say, give yourself time to grow, learn, and then earn, as simple as that.
8. Mobile Money Business
A lot of people still argue about the fact that mobile money Sims are expensive and that you would need a huge capital to begin and a whole lot of reasons.
And that is for those who are not serious. But for you my dear reader, who is probably a student, or a teacher or just staying home unemployed, you have no reason to follow them, because, with just your normal SIM card, you can start your own mobile money business.
All you need is the wits. From there, let people know. When the time is right and you have made enough money to afford a mobile money SIM, then as a form of investment, you go for it. Just be open-minded, save, and have the desire to grow. So get your SIM card, load your wallet with the 1000 cedis, and be ready to start your own business.
9. Food Business
When you are diligent with this business, you might even be able to scale into a fast food business or even better, a restaurant. All you need to do is to have tasty fingers. Get your 1000 cedis, and with the tools and utensils you probably already have, get on with it. Find yourself a hot spot, send out the word, and then start making your money.
10. Sell Jewellery
People love pieces of jewelry, especially women, they can never have enough of them. Even there are some men too who love to have jewelry. Since both men and women love them, that means there is a market for it. And with the 1000 Ghana Cedis you have, get yourself very nice pieces of jewelry. Have a nice Marketing plan, and you are good to go.
11. Hairdressing And Barbering
Hairdressing for the men, and barbering for the men, or you could actually decide to combine them both, it would be a nice niche. Get yourself the required tools which will not be more than 1000 Ghana Cedis, also make sure you are good with your fingers because as a starting barber and or hairdresser with no shop, not many people will want your services and that is for good reasons too.
Therefore make sure you brandish your skills very well. With time, save and get yourself a hot spot and go on to expand your business. You my reader are bound to be great.
Final Words On These Businesses
All these are hot cake businesses in Ghana currently, and also, not many people are aware of them therefore, seize this opportunity, pick one of your interest, and keep at it. When you start making, make sure to find other sources of income, because that is what entrepreneurs do.
