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

Cost of registering business in Ghana

BUSINESS TYPE CHARGES
6. EXTERNAL COMPANY
a. Registration of External Company US$1,200
b. Registration of Group Accounts of an External Company US$600
c. Filing of External Company Documents US$250

How do I start a business 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) How to get a 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. …
  6. Register for Social Security.

Where can I get money to start a business in Ghana?

  • How to Raise Money to Start a Business in Ghana. Below are some of the top means of raising funds for your small business in Ghana very fast. …
  • Personal Savings. …
  • Family and Friends. …
  • Partnership. …
  • Angel Investor. …
  • Business Plan or Entrepreneurship Competition. …
  • Small Business Grants and Loans. …
  • Crowdfunding.

Which business is best to start in Ghana?

Top 15 profitable business ideas in Ghana

  1. Taxi business. Taxi business will always make you money as people never stop moving around. …
  2. Catering services. Do you trust your skills in the kitchen? …
  3. Poultry farming. Image: unsplash.com. …
  4. Home tutoring. …
  5. Fish farming. …
  6. Photography. …
  7. Frozen food shop. …
  8. Daycare services.

2.03.2021

Is Ghana a good place to start a business?

According to a 2019 Doing Business Report put together by the World Bank Group, Ghana has made progress in the ease of doing business as it now ranks 114th out of 190 countries — an improvement given that it is up six places from its position in the 2018 Doing Business Report.

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