9 months ago
Although the process of starting a business is relatively challenging and requires some legal and economic consideration this can be very rewarding in Ghana. Below are some simple guidelines to assist you with the process they are as follows;
1. Business Registration
The legal procedure to begin a business in Ghana requires the business to be registered in the Registrar General Department. Follow these steps:
2. Challenges for Startups
3. Opportunities for Startups
Profiles of Successful Ghanaian Entrepreneurs
Many people have come up to be locally owned businesses, thereby being role models for many people starting businesses. Some of the greatness’s of this world are:
1. Dr. Kwabena Duffuor – Banking Pioneer
Kwabena Duffuor’s biography shows that he established uniBank Ghana and served as governor for the Bank of Ghana. Kwabena Duffuor originally entered into business in the area of finance; he contributed immensely towards the development of the banking industry in Ghana. Under his leadership, uniBank became one of the biggest African owned banks before its merger with CBG Dr. Duffuor builds on his knowledge of the economic environment and the specific needs that are unmet in the market.
2. Patricia Poku-Diaby – Cocoa Tycoon
Ms. Patricia Poku-Diaby is the Chief Executive Officer of the Plot Enterprise Ghana limited, a cocoa processing company. Born into a trading family she was initially in the business and diversified into cocoa processing, an important sector in Ghana. During her tenure, Plot Enterprise also divested and currently sells cocoa products in the global market. This paper concludes that there is much that could be learned from Patricia’s journey with regard to exploiting the potential of Ghana’s natural resources for economic development.
3. Fred Swaniker – Education Innovator
Fred Swaniker established the African Leadership Academy and the African Leadership University that seek to educate African leaders of the future. Born in Ghana, Swaniker has transformed education in Africa by providing unique courses that are in leadership, entrepreneurship, and making positive changes. Fred Swaniker's work is excellent evidence of how education can be an effective weapon in the change of the economy.
Digital Innovation in Ghana: Shaping the Future of Business
Ghana is now widely recognized as a technology center where technology is changing the business of different industries such as financial services, farming, health and education.
1. Fintech Revolution
Mobile money and other financial technology (fintech) sub-sectors such as agents banking, mobile payments and transfers, have grown very rapidly in the country with the existence of MTN Mobile Money and Vodafone Cash. These platforms have a played an important role by providing banking services to several millions especially in areas where there is little or no banking supporters. Other startups such as Hubtel and ExpressPay are emulating mobile payments and e-commerce making it easier and creating channels for business to open their markets and capture their markets.