What should I invest in now in Ghana, There are many investment opportunities in Ghana. This post is for both expatriates and Ghanaians who want to shed blood and sweat in the right investment channel for the right return. There are many investment companies in Ghana
The average person is looking for a good job, hoping to buy that glamorous car and live in the house they long dreamed of. Wealth creation is not done on a silver plate, but through hard work and a wise investment.
In this guide, We share with you six investment tools that can help you create the desired assets.
Most people have heard of bonds, stocks or stock markets. There are other ways to invest your money to get a favourable return. Investment instruments are usually divided into assets, holdings and portfolios.
Resources contain resources that are expected to increase in value over time.
Holdings refer to all investments in a group to specific assets and portfolios within your assets. You can diversify your portfolio by investing in different assets. Assets are also classified into classes called: bonds, stocks or cash. (The money you use to spend is an asset or other form of your valuable investment that becomes cash. Knowing these terms helps you better understand their importance and where you can earn more.
Ghana property investment
When you invest in a property, that property is yours and its value should increase. The list below lists some types of property investments in Ghana. Or as we have listed among the top six investment tools for Ghana use.
Real estate is one of the safest investments in the world. It is in constant demand and its value rarely decreases. For example, land can be leased in the short or long term.
A better option, especially when the land is located in the main area, is where residential or commercial facilities are created. What you rent is what you rent or what important return you can get with the rent. Alternatively, you can buy a condo and rent/lease to ensure a stable income stream.
In addition, real estate can be used as protection for the future whenever the need arises.
Whichever you choose, building or purchasing real estate is a safe, low-risk investment.
What should I invest in now in Ghana?
Now let us draw our attention to the other 5 investment we can invest in now in Ghana, which will help us to get good returns in the future. let start now.
- Where can I invest money to get good returns in Ghana?
- Which bank in Ghana is good for savings?
- Which bank in Ghana gives the highest interest?
Hotels are usually a tough investment option. They generate predictable income and move away from strategic real estate investments such as residential properties that are simply bought and sold.
In other markets, such as the US real estate market, many business-class hotels can cost from 2 million to 15 15 million, and luxury hotels can run as low as 60 million. Such expenses should be expected when investing in hotels in Ghana. It would be foolish to underestimate the cost of anything in Ghana, let alone real estate. In fact, there are many factors involved in determining the cost of doing business in Ghana.
The COVID 19 situation has slowed the growth of the industry like any other industry this year, but you can be sure of a strong return once the situation returns to normal.
The Ghana Investment Promotion Center (GIPC) should be the first resource to determine the cost of investing in a hotel in Ghana. They provide insights into variables such as business registration, labor or employment options, taxes, utilities and rent.
Despite the high costs involved in investing heavily in projects such as hotels in Ghana, there are still many reasons for such investments. These include:
- There is still a high demand for hotels in the country. The industry has still reached its saturation point.
- There is a good balance of guests with a combination of wealthy Ghanaians and foreign visitors who rely heavily on hotels for a comfortable stay.
- There is a low seasonality in the sense that the tuis do not affect hotel patronage
Ghana’s foreign direct investment (FDI) has grown steadily in recent years. Recognized as one of the major democracies in West Africa, Ghana has proven to be a safe haven for many. This explains the rise of big international hotel brands like Marriott as of 2018.
Fortunately, the industry is far from exhausted. At present, the hotel industry in Ghana is dominated by about ten major international brands. These include the Labadi Beach Hotel, a subsidiary of the South African Legacy Group, the Golden Tulip Hotel, one of the Louvre Group’s hotels, the famous Holiday Inn, the Movenpick Ambassador Hotel and the Kempinski Hotel Gold Coast Accra.
There is clearly more than enough space for other players to enter the market compared to other African countries like Nigeria or even South Africa.
Fast food franchise
Ghanaians really love their food, as evidenced by the myriad of restaurants across the country. Accra especially has many restaurants that serve not only the local menu but also the western palm. Interestingly, unlike most non-African countries where fast-food restaurants are littered in every corner, Ghana is a relatively virgin fast-food land.
This is certainly not because the country is foreign to fast-food franchises. Over the past decade, several global brands, including Burger King, Pizza Hut and KFC, have entered and thrived in the Ghanian market. Quite simply, fast food franchises should be a clear recommendation for potential investors in Ghana.
McDonald’s, for example, a brand that does not yet have a presence in Ghana, is said to be owned by 80% of its restaurants worldwide through local franchises. Despite the significant start-up costs associated with launching a global franchise locally, these restaurants generally enjoy huge support for international marketing campaigns. Local franchises rarely have to work to gain a new audience.
Food chains, especially popular global brands, are consistently profitable and able to generate the cash flow needed to support operations. They are historically all-season artists.
Oil and gas
Oil and petroleum are in high demand around the world and there is no indication that this decline will slow any time soon. The Dallas-based company Cosmos Energy first discovered oil in Ghana in 2007. The discovery has been hailed as the biggest oil discovery of the past decade in West Africa. According to the GIPC, Ghana has been producing oil commercially since December 2010. The country currently has four major oil and gas fields. These are:
- Jubilee field
- Saltpond field
- Ten fields
- Fields of Sanfofa Guy Name
In an interview with CNBC, Imad Mesdua, a senior African consultant on control risk, said Ghana was on the verge of an oil boom. This coincides with Ghana’s experienced 8.3 per cent economic growth in July 2018. In fact, oil and gas exploration in Ghana continues and the amount of crude and natural gas continues to rise.
The oil and gas industry in Ghana is currently ripe for exploration and investment. The economy is relatively stable and the political landscape is one of the most peaceful in Africa. Investors will do well to enter the market now.
Ghana is world-famous for its four major mineral resources such as gold, diamond, manganese and bauxite. Ghana is the largest gold producer in Africa, with a record production of 60.5 in 2006. Mining is a large field of foreign investment abroad.
There are about 23 large mining companies operating in the extracting industry in Ghana. Investment opportunities in the industry are available and growing in terms of operations or manufacturing and industrial processes. According to the GIPC, these include:
Industrial mineral production for local and international use
Application/treatment of industrial minerals in construction, ceramics, paints, electronics, filtration, plastics, glass, detergents and paper
Although a large majority of large mining companies are multinationals, small-scale mining in Ghana is exclusively reserved for Ghanaians.
The country’s mining industry accounts for 5% of the country’s total GDP, with minerals accounting for about 37% of total exports.
Ownership of land
The land is one of the most sought after properties in Ghana. Land prices have recently skyrocketed due to strong demand from foreigners and expatriates to seek investment in Ghana.
Trying to own land in Ghana can be very difficult. It can also be very rewarding when all the documents are original and authentic.
The most rewarding part of land ownership in Ghana is when the land is in a potential commercial location in malls, markets and locations near cities with higher rates of return on investment.
Technically, land ownership in Ghana as a business or as an individual is mostly done on a lease basis. You cannot own land as a business or as an individual indefinitely. Leases vary from 25 to 150 years.
The rental period for foreigners is even shorter than for most Ghanaians but negotiable. It is wise to contact an agent or verified real estate agency to expedite the land acquisition process.
The following process was necessary for land acquisition in Ghana.
- Exercise appropriately. (Be very careful and search with the Land Commission for the seller’s property))
- Research process. (Confirm that the land has not been sold to any other business or person)
- The top is an independent surveyor.
- Be aware that all land is leased.
- Write and sign a purchase and transfer agreement.
- Register with the Land Commission.
Ghana is perfect for investing, so finding the right investment firms in Ghana can help you get your investment back have a good investment return.