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Getting the home you desire has become easier because of the advancement in technology. That is, you can easily request a home loan or mortgage loan from the comfort of your home. This is also the same way you could request a quick loan or business loan from your home. Today in Accra and other parts of Ghana, owning a home is no longer as difficult as it used to be. Ghana Home Loans help Ghanaians to get their dream homes.

What you should know about Ghana Home Loans, their requirements, how they operate, are all-inclusive in this article.

About Ghana Home Loans

Ghana Home Loans (GHL) is a provider of mortgages and other retail and corporate banking services in Ghana. They have been operating in Ghana for over 20 years. During these years, they have gained an excellent reputation in the region. And this is because of their exemplary services to customers. They help their clients to grow their businesses by offering them loans with reasonable interests. The consistency in their operation is because of firm support from other financial institutions within and outside Ghana.

What are the requirements for Ghana Home Loans?

Regardless of whether you’re applying for a quick, consolidation, travel or student loan. Most financial institutions would need you to meet some requirements before you can apply for their loans.

The following are the requirements they would need you to meet:

1. Proof of identification
2. Collateral
3. You must be an adult, etc.

Note: There could be other requirements, but to get them. You can visit them at their head office or get to them through their contact details below (in this article).

How do they operate?

The following is information about how they operate in Ghana. It will help you see more clearly the services they offer and how they operate.

Ghana Home Loans Shareholders

Ghana Home Loans works closely with other organisations for financial aid. This is to provide excellent services to their clients. And most of these organisations are financial institutions, while others are not.

Who are the partners of Ghana Home Loans?

Ghana Home Loans have companies they partner with to ensure that they serve their customers excellently.

The following are the companies they partner with:

1. Netherlands Development Finance Company (FMO)
2. The Abraaj group
3. Shelter Afrique
4. Overseas Private Investment Corporation (OPIC)
5. Standard Bank
6. International Finance Corporation (IFC)
7. Bank for Investment and Development of Cambodia (BID)
8. CAL Bank
9. Aureos capital
10. German Investment Corporation (KWFW DEG)
11. Ghana International Bank

What are the products they offer?

Every financial institution usually has products they offer their customers. And Ghana Home Loans is not in exception. However, they offer three products to their customers.

The following are the products they offer:

1. Mortgage
2. Cooperate
3. Diaspora.

Under the mortgage loan category. The following are the loans you will find:

• 100% purchase mortgage
• Land purchase mortgage
• Home improvement mortgage
• Quick cash mortgage
• Mortgage refinance
• Home completion
• Save-to-own

What are the Ghana Home Loans careers?

They usually advertise vacant job positions whenever they have it. They help to create many job opportunities for Ghanaians. And this is to help curb unemployment in Ghana. However, they employ people who have the qualifications they require.

Where can I locate Ghana Home Loans office in Ghana?

Sometimes in the quest for one creditor or the other. You could need further inquiries and would prefer to visit your loan provider in person.

For further inquiries, you can visit any of their head offices in Ghana. Especially their office in 1 Kofi Annan Street, Airport Residential Area, Accra.

Where are the branches of Ghana Home Loans in Ghana?

In order to get to render their services more efficiently to Ghanaians. They have about four branches across Ghana. And these branches are additions to their headquarter office in Accra.

You can locate those branches in the following areas:

1. Accra, A & C Mall

Physical Address: 14 Jungle Road East Legon, Accra.

2.  Takoradi

Physical Address: Ground Floor, Far West Building, B Market Circle, Takoradi.

3. Tema

Physical Address: Ground Floor, Lodestar Heights Community One, Tema.

4. Kumasi

Physical Address: Ground Floor, Annex Building SSNIT Complex, Harper Road Adum, Kumasi.

What are their contact details?

There could be the need for more clarifications along the line. Especially regarding the loan you want to get, so that you make the choice that suits you best.

The following are the contact details of Ghana Home Loans:

1. Telephone numbers: 024 243 6777, 080 077 0522 or 0302 770 522
2. Email: info@ghlbank.com
3. Facebook: GHL Bank
4. Twitter: GHL Bank
5. Instagram: GHL Bank
6. LinkedIn: Ghana Home Loans

Conclusion

Having a dream home with ease is what everyone would normally prefer. Besides that, knowing that a capable financial institution is at the helm of it makes it even more spicy. Ghana Home Loans works with other financial institutions within and outside of Ghana to ensure that they satisfy their customers. And this could be one reason to try them out. Moreso, Ghana Home Loans do not get only a new home for you. They also help renovate your home and boost your business. However, you must meet their requirements before they give you the loan. 

You can find some wholesale business opportunities in Ghana. So, before deciding the wholesale business to venture into, it’s cool to carefully examine wholesale business options to find the one that best suits you. Read along to learn more about wholesale business opportunities in Ghana and how you can start one.

The Meaning of a Wholesale Business

This type of business makes money by purchasing enormous quantities of products from suppliers and then selling them in bulk to other small retailers. The distribution of commodities is the primary aim of this type of business. Also, a wholesaler can offer a limited selection of products or a wide range of products.

Who is a Wholesaler?

A wholesaler is someone who has a business relationship with the direct distributors or manufacturers that they represent. Most times, wholesalers maintain exclusive buying agreements that limit the number of participants or enable wholesalers to cover a certain territory. Therefore, the wholesaler becomes the manufacturer’s or the distributor’s direct point of contact for prospective buyers of such products.

How can I start a Wholesale Business in Ghana?

The choice of a product to distribute is your most challenging decision. Of course, it is a very personal choice to launch a wholesale business. And the benefit of an existing product is that customers don’t need to be introduced to it because they are already familiar with it.

1. Create A Business Plan

Create a wholesale process that will serve as the foundation of your business plan. Draw a competition pattern if you are distributing a product already on the market. Find a method to integrate into the system because others who came before you may have amassed a lot of influence. In other words, it will help if you do something new from how people are used to it (use a different strategy).

2. Raise fund

If you don’t have the funds to carry out the best wholesale business strategy that has ever been written. It is like having nothing at all. Therefore, raise the necessary funds to carry out each of your plans.

3. Name Registration

Make a name registration as soon as you decide what goods to distribute. It is perfect for establishing your business. Additionally, most businesses might demand that wholesalers have a recognized firm.

4. Partner With A Manufacturer

A product producer must be your source of supply. You must first establish the terms and conditions of your business partnership. When you are not importing the product, that is more true. International partnerships require more time than is possible in one’s home country. Local producers might have fewer requirements for working with you. While everything can be different in other countries.

5. Rent A Warehouse

A sizable space is required to store your stuff. In actuality, it marks the beginning of your entire career. One of the most crucial elements of your distribution effort is a foundation where your clients can find you.

6. Get Wholesaling Tools

You don’t have to wait for customers to look for you because a wholesaler’s mission is to transport needed goods from one shop to another. Get any wholesale machine that fits your goods and services, including cars, motorcycles, and trucks. When products and services are delivered to a retailer’s door post, they are always thrilled.

7. Promote Your Services

Even if you’ve taken the aforementioned action, you still have work to do. Consequently, you must advertise your services. Make the necessary sacrifices, reward retailers, and follow up.

Some wholesale business opportunities you can start in Ghana

There are many wholesale business opportunities you can start in Ghana. However, because of this article, we’ll look into a few. They include:

1. Stationery Distribution Business

Since we will never truly stop requiring stationery, this industry is among the fastest-growing in the world. Stationery is always necessary everywhere in schools, colleges, offices, etc. Thus, stationery distribution is one of Ghana’s wholesale business prospects because it is a product that will always be needed.

2. Organic Food Distribution

Another lucrative enterprise to launch in Ghana is this organic food distribution. Given the rise in demand for organic food, this could be a business option for you to investigate.

3. Furniture Distribution Business

Furniture distribution is a successful industry in industrialized and developing nations. The furniture business also has excellent international trade potential; who knows? This might be your best chance to succeed in the industry.

4. Agricultural Products

The agricultural sector in Ghana employs about 55% of the country’s workforce. You may launch an enterprise marketing agricultural supplies and begin sending such things to farms around Ghana.

5. Mineral Water Distribution

The market for packaged drinking water specifically depends on the quality of the drinking water in that location, and the distribution of mineral water is a very specialized industry. Therefore, the only thing left to do is first to assess the possibility.

You can choose from these wholesale business opportunities in Ghana to launch the successful enterprise you’ve wanted to launch.

Is wholesale distribution profitable?

If you have a solid wholesale marketing strategy, products in great demand, and a ready-to-buy audience, wholesaling can be financially successful. To stand among the thousands of other wholesalers currently in existence, you also need solid connections with retailers and distributors.

Conclusion

You can launch your wholesale business gradually. No business has a sudden boom. It needs perseverance, diligence, and resolve. Losses are inevitable, your staff may steal from you, and you may experience a robbery. These are the drawbacks of conducting any business, yet they occur everywhere. However, if the money to start the wholesale business is the problem. You can apply for loans for small businesses or SME loans for businesses.

In Ghana, there are roughly forty (40) business schools, some of which are independent while others are a component of a tertiary institution. They provide classes in areas including marketing, accounting, running a business, and managing human resources. However, for this article, we will list the top business schools in Ghana. Besides that, you’ll see the requirements to get admission and information on student loans you can apply for.

What is a Business School?

A business school is a university-level organization that grants business administration or management degrees. These universities focus on providing courses and degree programs with a business or management focus. But in certain locations, business schools are independent institutions with faculties, colleges, or departments. The following degrees are awarded by business schools: MBAS, MSc, MA, etc.

List of top business schools in Ghana

• Central University College
• University of Ghana Business School Accra (UGBS)
• KNUST School of Business, Kumasi
• Ghana Institute of Management and Public Administration (GIMPA)
• Accra Business School
• University of Professional Studies, Accra UPSA
• University of Cape Coast School of Business.

What are the Category B Shools in Ghana?

There are category B Schools that exist in Ghana. However, they update the list every year because of this; some new schools join different categories.

In Ghana, there are Category B Schools, they include:

1. Accra Senior High -Mixed.
2. Wesley Grammar Senior High -Mixed.
3. Ada Senior High -Mixed.
4. Odorgonno Senior High -Mixed.
5. Labone Senior High -Mixed.

How much can it cost to study in Ghana?

An undergraduate degree program should cost, on average, between GH₵20,000 and GH₵70,000 a year. You should prepare to pay between GH₵20,000 and GH₵64,000 each year for a postgraduate degree program. However, it’s also advisable to visit the institution’s website to get the exact cost of study.

What are the requirements to study in Ghana?

A student must have at least credits (A1-C6 in WASSCE and A-D in SSSCE) in English, Core Mathematics, and Integrated Science (for science-related programs). Also, Social Studies (for programs not related to science) and three elective science subjects are to be considered for admission to a degree program at the University of Ghana.

Conclusion

Having seen the top business schools in Ghana and what you need to qualify for one. Now, the financial backup to make your dream come true might be a hindrance. At this point, it’s cool to look out for means to get money for your studies. You can apply for student loans in Ghana. Or better still, know more about student loans in Canada for international students. 

Afb mobile money loans offer financial support to individuals, small businesses or startups. Financial constraints are an inevitable experience both businesses and individuals pass through in life. Therefore, it’s natural to access money to solve your needs. And most especially when you have a pressing need you can go for a quick loan. They now know Afb Ghana as LetsHego Savings and Loans. They have carefully created loans for Ghanaians to benefit from the Afb mobile money loans.

As you read along, you’ll know more about Afb loans, the loans they offer, how to apply and so on.

What are Afb loans?

Afb Ghana, now known as LetsHego Savings and Loans, has carefully organized loans for Ghanaians to benefit from. AFB is an online platform for consumer loans with presence in over 23 locations in all 10 regions across the country. 

They founded Afb loans in 2010.

It offers various forms of loans such as payroll loans, direct loans to salaried employees. Also, it offers SmartCash loans to informal or market traders, and more. Besides that, it offers credit life insurance on selected products. And this covers the customer’s outstanding balance when he or she dies or comes disabled or critically ill. Afb loans also offer prepaid cards for payrolls & direct loans.

It has partnered with companies like Controller and Accountant General (CAG), Ghana Police. Also on the list are Ghana Armed Forces and Volta River Authority to offer Afb loan products to their staff.

Afb loans introduced the MTN Mobile Money Loan some few years back. They pay your loan in no time if you meet their eligibility criteria.

What are the loans Afb offers its customers?

Afb provides her customers with a range of loan products to help them with cash flow. They include:

1. Afb smartcash loans

They designed this loan product for informal workers or market traders. The loan term is short and up to about 30 days. It is an instant loan and one of the popular mobile money loans in Ghana. They pay it onto your MTN Mobile money wallet or Vodafone Cash wallet.

2. Payroll loans

They specially created this loan product for government salaried workers. Here, borrowers must repay the loan amount directly from their salaries on payday.

3. Land loans

Afb (Letshego) Ghana uses the land loan to assist customers who want to purchase land. Especially those who do not have the full financial strength to do so.

However, Smartcash mobile loans is the biggest loan product of Afb Ghana. They are among the top reliable mobile money loans in Ghana. This is because you can apply for a loan easily at any time. Thereafter, you’ll receive the loan in a minute stress-free. You can do all this with your phone or laptop.

How can I apply for the Afb smartcash loan?

There are certain steps you have to take in order to land the Afb smartcash loan. They include:

1. Download Creditum Prime the Afb app loan app. In order to do this, you must have a good internet connection. Visit your Google play store and search for Creditum Prime, then download the app. This app is the only mobile app Afb developed to enable customers to access loans easily. This app is just about 6.6mb and it is compatible with almost all smart phones.

2. Create your own profile with a strong password that you can easily remember.

3. Apply for the loan by following the steps in the application, you can apply for the mobile loan using smartcash.

4. Request for the loan amount you need, but know that every lender has a minimum and maximum loan amount they will offer.

5. With the app, you can also apply for withdrawals using and also purchase shares.

6. If you face any difficulty or are unhappy with the service, you can publish a complaint on the app and request for help.

What are the installation steps of Creditum Prime?

There are steps you need to install the app and apply for your loan through the app. They include:

1. Download the app from playstore
2. Launch the app
3. Insert your login details
4. Choose the loan you want to apply for
5. Key in all required details
6. Click next to proceed
7. Then expect them to pay the money into your mobile money account.

They have made the Afb instant mobile money loans payment modes flexible to suit everyone.

Note: You can easily access the application form of all loans at Afb using this app.

What are Afb loans contact details?

For further enquiries, you can contact them through:

1. Phone number: 0 302 208 342
2. Street address: 4th Floor, COCOSHE House, Street No. 1328. A, off Agosthino Neto Rd., Airport City Accra – Ghana.
3. Email address: info@afb.com.gh
4. Website : http://www.afb.com.gh

Conclusion

Sometimes your family members or close friends may not be financially buoyant enough to support you always. This is when trying out loan offers from reliable lenders makes sense. And you can not overlook the pressing needs you have which could require you to get a student loan to pay your tuition, etc. Besides that, you can get SME loans to expand your business.

Therefore, if you need a loan from Afb loans (letshego savings and loans), the information in this article will guide you appropriately.

If you really want to know how to get a home loan or mortgage in Ghana, this article is for you. One thing that adulthood makes people do is to get their own home. This is definitely the responsibility they face at the beginning of their adult life. Especially when they are ready to have their own families. Or even want to start up a new life away from parents’ home. 

However, people really need to be sure of the right mortgage loan companies that can help them gain their dream homes. This is because gaining your dream home personally can roughly consume all your lifetime savings. And that is why you’d need a home loan or mortgage loan provider in Ghana to help you finance it.

As you read along, you’ll see the Top 6 mortgage providers in Ghana and different mortgages, etc.

What is a mortgage or home loan?

A mortgage or home loan is the type of loan that an individual receives from a bank or a mortgage lender. This loan, therefore, enables the individual to buy a home or a property. 

It is a loan, meaning they expect the individual to pay back the loan amount. Especially within the agreed time. In most cases, the lender or mortgage bank uses the value of the property as secured collateral. They will lift the collateral of your property when you have paid off the mortgage amount plus any accrued interest.

There are several banks or mortgage lenders that will grant you home loans or mortgages in Ghana.

What are the general requirements for a home loan or mortgage in Ghana?

Just like the requirements for a travel, quick, consolidation, business or personal loan. Mortgage loan requirements differ across lenders.

However, to qualify for a home loan or mortgage in Ghana, generally, you may need to submit:

1. You’ll need a completed and signed mortgage application form from your preferred bank. Thereafter, pay the processing fee.

2. Your identification; passport, driver’s license or national ID. Some lenders may require that you bring along a passport-size photograph. Also, a personal reference form and proof of attorney.

3. Verify your income and employment from your employers. And provide your last three salary slips that show all necessary deductions.

4. Provide copies of your individual income tax returns or audited accounts. They could need the audit for up to the last 3 years, especially if you are self-employed. Besides that, they’ll need your business profile. And your last 6 months’ bank statements if you are not a client of the bank. The bank may also need a credit report from a recognized credit bureau in Ghana.

5. They may also need you to submit an offer letter from the Real Estate Developer. And making a down payment of the total cost and title documents to the property. Also, copies of the site plan and approved building plans.

Having seen the general requirements of applying for a mortgage. It’s time to see which mortgage providers in Ghana are best to get a mortgage or a home loan from.

What are the Top 6 mortgage banks or mortgage providers in Ghana:

1. Absa

Absa can help you own a home, and borrow against a home you own. They can even give your current abode an upgrade or help you take over your home loan from another financial institution. 

Absa ensures you experience a more convenient, faster means of receiving a mortgage. Besides that, they offer up to 90% finance for a home purchases. Their equity release and home improvement could be up to 70%. Your property should be within Accra, Kumasi, and its environs with Absa.

In applying for a home loan in Ghana at Absa. You may need to bring along at least the following items:

1. Indenture

2. An offer of sale from a vendor

3. A form of identification and your current payslip

4. Land title certificate

5. Deed of assignment

6. Site plan

7. Building permit

8. Ground rent

9. Consent to a mortgage for leasehold (if applicable or necessary)

10. Sale and purchase agreement

If you need more information, you can contact Absa via the following details:

1. Email: service.excellence.GH@absa.africa 

2. Phone numbers: 0800 222333 (Toll Free) /

+233 (30) 2429150 (charges apply)

2. Stanbic Bank

Stanbic bank is among the largest commercial banks in Ghana. They have a facility fee of 2% with loan repayments that is between 5 to 20 years of repayment. Besides that, there is no limit to the amount you get from them. However, getting a home loan depends on your income as well. Stanbic bank ensures the flexibility of repaying the loan comfortably. Thereby considering your income level and not wanting you to experience any financial difficulties in making payments.

The following are Stanbic Bank 6 different mortgage products you can choose from:

1. Home Purchase – This product is meant for individuals who want to make an immediate purchase of completed homes.

2. Developer Construction – This product is the best for individuals who are yet to complete their homes from Stanbic Banks’ preferred developers.

3. Equity release – This enables you to take a loan and use the cash released for a variety of personal needs. And this includes the purchase of another home or prime land. Besides that, you can use it for business expansion or funding your education.

4. Employer Group Mortgage Scheme – This is a developer-based home construction on your land. And they bought this under organization block land schemes.

5. Home Improvement – With this, you can renovate, remodel or expand your current home.

6. Refinancing – The refinancing mortgage comes in 3 forms, they are:

1. Internal refinancing – With the internal refinancing, you can arrange new financing terms. These terms include your existing Stanbic Home Loan, currency and amount.

2. External Refinancing – They provide financing to help take over existing home loans from other banks.

3. Cash Refinancing – If the value of your property has appreciated for years. This product will give you access to extra money.

For more enquiries, you can contact Stanbic Bank via: +233 302 815 789 / 080 010 009.

3. Cal Bank

Cal Bank assists clients to access mortgage loans to purchase their dream homes. They designed the Cal Bank Mortgage to meet your present home loan needs. To get the mortgage loan from Cal Bank, you must be between the ages of 21 to 55. They’d need you to fill the Mortgage form from Cal Bank and follow the procedures detailed out.

The following are some requirements for mortgage in Ghana from Cal Bank:

1. A Cal Bank mortgage application that has been completed and signed

2. You should get an offer letter from the Real Estate Developer

3. A form of identification

4. Income verification

5. Credit History

6. Property documents

7. Down Payment

8. Disbursement Conditions ( Pre and Post)

9. Security: personal guarantee of the applicant.

For more enquiries, you can contact Cal Bank:

1. Phone number: +233 800 500 500
2. Email: customercare@calbank.net for more information.

4. Republic Bank

Republic bank supports both companies and individuals to get residential property for investment or private purposes. The maximum amount of loan an individual can take depends on his or her credit profile. However, the client will need to make a 20% down payment with a maximum term of 20 years. Besides that, there is also a 1.5% processing of the proposed loan if you are a Ghanaian. You’ll have to pay USD250 / GBP150 if you are a non-resident Ghanaian.

The following are the requirements you need to meet to get a home loan in Ghana at Republic Bank:

1. Republic Bank Mortgage form that is completed

2. Processing fee

3. A form of identification which could be; passport, national ID. A passport picture

4. A personal reference form power of attorney.

NB: If it’s a joint application, Republic Bank may also ask for a proof of relationship.

The following are 6 mortgage packages that Republic Bank offers individuals and companies:

1. Home purchase mortgage
2. Home equity mortgage
3. Buy, Build and Own a Home
4. Home Completion Mortgage
5. Public sector home scheme
6. Home improvement mortgage

5. First National Bank

Having merged with Ghana Home Loans. First National Bank now provides its services in different forms when it comes to mortgages in Ghana.

The following are types of mortgages at First National Bank:

1. They give the Home Construction Mortgage to individuals who need a loan to build their homes.

2. A land purchase mortgage from First National Bank helps individuals to own a land.

3. Homeowners who wish to borrow for a longer period of time. Also willing to use their homes as collateral can get Home Owners Mortgage.

4. Save-to-Own mortgage is the best for young individuals who may be starting out life. They could also be self-employed individuals who may not have a steady flow of income but wish to own a home.

5. Under the home purchase mortgage, First National Bank offers various packages. They are as follows:

• First-time buyer – They offer this service only to individuals who have never purchased a home before.

• Buy-to-let – Here, they offer buy-to -let services. This is where you can buy another property for the purpose of investment and rent it out to tenants.

• 100% Purchase – This is akin to the first-time buyer package. You can apply for a 100% Purchase from First National Bank. That is, if you are a Ghanaian and wish to purchase your first home. Especially if you cannot raise the minimum deposit.

• Home Purchase Loan – This package enables homeowners to purchase an additional home.

Note: Mortgage rates for these banks differ across banks.

For more enquiries, you can contact First National Bank on: 024 243 5052 / 024 243 5057.

6. Ecobank Ghana

It’s simple to get a mortgage loan from Ecobank just like other top banks in Ghana. In order to make mortgage loan decisions seamless for customers. They provide a mortgage calculator on their website. And this calculator helps individuals know how much they can pay periodically.

Whenever you need a mortgage loan you can visit any of their offices and request a mortgage form. They’ll guide you through the process and the necessary documents to submit. Or you can just apply online through their website.

Conclusion

It’s wise to secure or acquire a mortgage in Ghana with the support of mortgage providers. This is because you’ll risk going bankrupt if you’d want to self-finance it. Therefore, it’s imperative that you know the available providers of mortgage or home loans in Ghana. Also know what they require for acquiring a mortgage here in Ghana. It is also possible to cancel a home loan without penalty

However, beware of loan sharks who could offer instant, consolidation, quick, travel or personal loans with hidden charges. Besides that, ensure that you repay the loans you get so that your credit score will remain in excellent condition.

Have you ever thought of cool business ideas in Ghana? What occurs if they do not take you into the employment market like most people? Do you lament over the terrible event, or do you take action? The latter is the way to go, and if you put your best foot forward, the innovative small business concepts Ghana offers could surprise you. Fortunately for you, you don’t have to start from scratch because there are already successful company models you can emulate and customize to fit your preferences. So, where do you begin?

15 Cool Business Ideas in Ghana 

Learning how a mentor started their business is the best method to launch your own. They have already been there and done that, therefore, their thoughts will undoubtedly be ground-breaking. It is the finest method for maximizing your chances of building your successful business in Ghana. What business concepts are viable in the 21st century? The following include business ideas in Ghana:

1. Catering Services

Do you have faith in your culinary abilities? Do you enjoy preparing food for others? If the answer is affirmative, you must work in catering. Since Ghanaians love excellent cuisine, and the nicest thing is a perfectly made home dinner by a talented cook, it is one of the profitable business ideas in Ghana. You may start this business with the current cutlery, making it one of the low-startup capital enterprises. Then, when you prepare your delectable meal, keep the packaging attractive in mind. Your cuisine ought to be as delicious as it is beautiful.

2. Taxi Business

Because people are continually on the go, running a taxi service will always be profitable. You may depend on transporting customers from one place to another all week, including weekends. Thanks to apps like Uber and Bolt, technology has made it simple to register as a taxi driver and manage a successful business. To get started, you only need a little money to rent or buy a car for yourself. The ability to improve your driving reputation is the best part of using these apps. The more people want to use your automobile, the higher your rating is.

3. Home Tutoring

Even though home tutoring is not generally known, it can be a lucrative career if you enjoy reading and have strong teaching skills. In addition, many pupils frequently struggle with courses like mathematics and science. If you are interested in these topics, chat with any parent whose children are in school and share your proposal. You can launch your home tutoring business by attracting a sizable student base. Some topics are overly technical. Thus you can create a rate card where you charge more for complex topics than for topics that are perceived to be simple.

4. Poultry Farming

One of the greatest businesses to start in Ghana is poultry farming, which includes chicken farming and other types of poultry farming. You will definitely make some decent money from keeping chickens, given how much the people of Ghana love their meat. There is always a gathering taking place that calls for the meat. However, if you do not have the finances to start this business, there are government programmes for agric loans in Ghana.

5. Fish Farming 

Fish is everyone’s favorite food. A lot of Ghanaians like to eat good fish with their meals. Although it may appear that fish farming uses a lot of energy to operate, the contrary is actually true. You can start with the meager sum of money in your savings with just a little space and a pond. This is a cool business idea in Ghana you can venture into.

A decent site for your farm and an excellent water source are things to think about. Also healthy should be your fingerlings. Finally, before making any purchases, choose the species of fish you want to keep. For beginners, tilapia fish is a fantastic option.

6. Frozen food shop

In Ghana, these kinds of stores are becoming more common. For instance, a frozen food store stocks frozen goods that are ultimately sold to customers looking for quick and simple meal preparation. Learn about your market and purchase the foods you believe will be the most popular. Because they take a while to prepare and boil, beans and other cereals are frequently eaten. Additionally, you can sell meat and other goods. You can operate your frozen food store online and offline, which is another fantastic feature.

7. Photography

Thanks to social media, everyone has become obsessed with shooting images, making photography one of the top business prospects in Ghana. With a good camera, taking pictures alone can be extremely lucrative. Make everything entertaining by using your creativity, especially when taking images. Ghanaians aren’t afraid to spend money on things that make them happy. Build your web portfolio ‌, and someone will soon hire you as their personal photographer. Take fantastic images of events like parties or other festivities, and you’ll soon find yourself in demand from dozens of people. This, without a doubt, is a business idea in Ghana you can venture into

8. Micro-lending

There is no harm in trying, even if you need to have an absurd amount of money. Many companies in Ghana frequently take out loans to fund operations and capital expenditures. Some small and medium-scale firms cannot easily gain bank loans, which is where your micro-lending comes in.

This kind of work could appear dangerous and demands prior experience in accounting and finance. It would help if you also completed due diligence on everyone before handing them money.

9. Daycare Services

If you look around, you will see that mothers are constantly hunting for babysitters as they conduct their daily business. This is also a business idea in Ghana you can venture into. It’s a terrific idea to start a daycare because all you need is a gorgeous space where kids may remain comfortable. In addition, you must have a strong affection for and understanding of children. Toys, cleaning materials, and cozy chairs will be the major supplies you might require. Since children are susceptible to infections, you should always clean your daycare area.

10. Event planning

Event organizing is one of the best business ventures in Ghana that will never leave you broke. Although getting started can be difficult, once you are up and running, you will likely become one of your community’s most successful business people. Every day of the year, there is a birthday, a baby shower, a graduation party, and other forms of celebration. Learn a few tips for organizing and differentiating your events. More clients will refer you to others as your events get better.

11. Scrap metal recycling plant

You can walk down any street and observe how many scrap metals are lying bare. Due to various businesses’ constant demand for these metals, a scrap metal recycling facility is profitable. Only a limited area is required to gather your metals before choosing and sorting them. You may recycle everything, including radiators from old air conditioners, copper, automobile rims, and aluminum cans. You can use the raw materials you produce in a variety of industries. Recycling facilities for scrap metal in Ghana are just as profitable as any manufacturing enterprise.

12. Driving school

There will always be people who want to learn how to drive; thus, schools will never run out of customers. A novice entrepreneur may find the registration procedure and logistics burdensome given the firm. You must register with the appropriate government agencies and obtain particular certificates. Following registration, you can introduce classes for various automobiles. Both businesses and individuals are constantly looking for drivers and automobiles, respectively. If your driving school offers the greatest instruction, you can count on a consistent stream of students. It will be helpful if you have some driving experience before you start.

13. Make-up

One of the most lucrative small business concepts in Ghana is makeup. This is also a business idea in Ghana you can venture into. When going out, women frequently want to seem cute and stylish. Even if some ladies are not pros, there are a lot of women that wear makeup.

As a makeup artist, you can work with salons and other beauty establishments to provide your services throughout the city. For your clientele, you can do house calls as well. It’s easy to learn how to do makeup well because there are tools like YouTube that can assist you in honing your abilities.

14. Dry-cleaning

Laundry is an arduous task for those who are busy, hence it is a prosperous industry in Ghana. Besides that, it is one of the business ideas in Ghana you can venture into. Many people may opt to bring you their filthy laundry for cleaning each week if there is a reasonably priced dry cleaner in the region. As a result, Ghana’s dry cleaning industry is expanding swiftly and making business owners wealthy. 

15. Real estate

Real estate is likely to increase in value over time, one of its most extraordinary characteristics. Lands, fixtures, constructions, and utility systems make up real estate property. This is also a business idea in Ghana you can venture into. You might establish a real estate management venture to sell and manage properties. You can start a business in real estate as a broker, property manager, sales and marketing representative, lender, or expert service provider. Discover what works for you, then progress it into a successful business in Ghana.

Which business can make you rich faster?

In order to succeed in business, an investor or entrepreneur must learn how to accumulate riches gradually. However, if you want to make money right now, you can consider several company concepts: Professional Freelancing Food and beverage industry, digital marketing boutique custom jewelry.

What business sells fast in Ghana?

Clothing and fashion in Ghana’s commercial sector sell out ‌quickly. People change their clothes daily and want to follow trends, so entering that market is a tremendous success. These products have become some of the best-known and fastest-selling ones in Ghana.

Conclusion

This article on business ideas in Ghana must have shown you various options to explore. Whether you’re a student or already a graduate, you still wonder how to earn money. Then this article is cool for you to start off at once. You can take a business loan from any financial institution near you. However, ensure you know the terms and conditions to know whether you can meet its repayment terms.

You can buy a house in Ghana and pay monthly. You should know that one of the biggest purchases you will ever make is purchasing a home. Since owning a home represents security and money, many people strive to reach this goal. You might purchase a home in Ghana if you’re thinking about doing so. Ghanaian homes cost, on average, $11,000 less than most other nations. Additionally, there are advantages for foreigners who want to purchase real estate in the nation. This post will walk you through the procedure of purchasing real estate in Ghana while making monthly payments.

The History of Ghanaian Real Estate

The value of real estate in Ghana has skyrocketed in recent years. One of the fastest-growing economies in Africa is Ghana, and the rise in real estate values is evidence of this expansion.

In Ghana, the average cost of a home is roughly $11,000. (USD). Some people might think this is a hefty price. However, it is far less expensive than in other nations. For instance, a typical Norwegian property costs roughly $278,000 USD.

Additionally, there are incentives for foreigners who want to purchase real estate in Ghana. They may give foreign nationals preference when applying for visas and work permits. If they buy property worth more than $2 million, they can also be qualified for various tax exemptions. However, the government would not offer any incentives to foreigners who invest in real estate or land in metropolitan areas.

House Prices In Ghana

In Ghana, a home may cost anything from $11,000 to ‌$200,000. This is substantially less expensive than most other nations on the planet. In Ghana, a brand-new home costs, on average, $11,000. There are several investment loans for real estate you can consider taking to finance your purchase.

How to Find a House in Ghana

Finding a property is the first step in buying a house in Ghana. You should probably work with a real estate professional who can assist you in locating residences that suit your requirements. Getting referrals from friends or family members is the greatest approach to finding an agent. Once you’ve located a few agents, schedule appointments with them to see which one suits you the best.

When you’re ready to view homes, confirm that the realtor has access to the neighborhood you’re interested in. If they don’t offer this service in their package, you could have to pay extra for it. Once you’ve viewed a few homes, choose the one you like most, and your agent will assist you in drafting an offer on behalf of your business or yourself.

How to Make Monthly Repayment for Your House In Ghana

Calculating how much cash you’ll need each month if you’re purchasing a home on a payment plan is crucial. You’ll need to know the overall cost, the interest rate, and the payment schedule. There are alternatives to making the initial down payment on the house if you cannot afford to do so. Purchasing a house with long-term installment plans is one option. This implies that you can make monthly payments over several years until the total cost of your property has been settled.

This choice might be preferable to outright purchasing a house, depending on your income in Ghanaian cedi and US dollars. Offering an indirect mortgage from a different nation is an additional option for purchasing a home. This might be possible if you had sufficient funds in another nation or a dollar account. It’s crucial to remember that prices can change depending on the location and ownership of the property when looking at houses for sale in Ghana. Make sure the rates you agree upon with Ghanaian property sellers are just and reasonable so that both sides are content with the outcome of the discussions.

How Much Is a Downpayment on a House in Ghana?

They require a 20% down payment, and a 20-year loan term is the maximum. Besides that, they also require a processing fee. And it is 1.5% of the proposed loan amount for Ghanaians and USD250/GBP150 for non-resident Ghanaians.

Can a Noncitizen Buy a House in Ghana?

If you wonder if a foreigner can buy property in Ghana, the answer is “Yes”. In Ghana, there are no limitations on foreigners purchasing real estate. However, it is crucial to consider the nation’s land’s previously described categorization, as some land kinds cannot be privately owned.

How Much Can It Cost to Get a Two-Bedroom Apartment In Ghana?

You can buy house in Ghana and pay monthly. In Ghana, a two-bedroom apartment can range from GH₵2,000 to GH₵3,000. This spans a wide variety. Its location also influenced a two-bedroom apartment’s cost. You should budget between GH₵2,500 and GH₵3,500 if you want to rent a two-bedroom apartment in Accra. However, ‌expect to pay between GH₵1,500 and GH₵2,500 to rent a two-bedroom flat in Kumasi.

How Much is the Cheapest House in Ghana?

The most affordable price for a house in Ghana is GH₵21,756. While the most costly one is GH₵967,017,940. Verified real estate agents, homeowners, and well-known real estate developers have listed these homes.

Conclusion

You must understand Ghanaian real estate history if you intend to purchase a home here and make monthly payments. Ghana’s government has been working to develop ways to control the market as house prices have been rising for some time. So, once you’ve found a home, make sure you’re prepared to make monthly payments to avoid any issues.

Online searches are the most effective approach to finding a home in Ghana, but if you prefer more specialized help, ‌consult your friends and coworkers. Be cautious when searching for a home because, after you purchase one, it may be nearly impossible to sell it.

In recent times, the government of Ghana has made loans available through many programmes in order to ease poverty. Therefore, Masloc loans is a microfinance loan programme for start-ups and small businesses. They modestly established it to finance the poor in the various sectors of Ghanian economy. Essentially, this Masloc loan is targeted at reducing poverty, creating employment and wealth.

About the company 

MASLOC stands for microfinance and small loans center. A top microfinance body in Ghana that implements government microfinance programmes aimed at reducing poverty. Their goal is to provide entrepreneurs with micro- and small-scale loans. 

They specialize in quick, easy, and accessible micro-loans. This leads to increased employment and wealth generation. So many have benefited from this programme and people are still benefiting.

What is the work of Masloc in Ghana

Masloc is a microfinance bank programme for the less privileged known for several things, such as:

1. Implementing the government of Ghana’s microfinance program to reduce poverty
2. A provider of small and micro loans for start-ups and small businesses 
3. Provides easy loans.
4. Enhances job creation and wealth creation through small business growth. 

Masloc loan interest rate

The interest rate applicable to Masloc loans is basically 1% per month for all loans. However, one thing is certain, which is the fact that they would state the interest rate for each type of loan and the duration. 

Masloc loan requirements 

With Masloc, each loan had its own minimum requirements. However, most of each loan product includes the compulsory qualification that the borrower must use the money to fund or scale a small business to enhance economic growth.

Masloc loan products 

Masloc loan scheme helps in business growth and property alleviation. Their loan products remain the programme’s major selling point. Therefore, the loan services they provide include:

1. Group/micro loans
2. Car loans
3. Small loans
4. On-lending loans

Masloc group/micro loans

Micro-credit schemes focus on groups/cooperative societies, whose members are typically between five and twenty-five. The maximum limit for an individual within a group is GHC 1000. This credit scheme uses the group sharing principle. The entire group is liable for repaying the loan.

Note: There are no MASLOC loans that exceed 12 (twelve) months in terms of repayment and interest. 

Basic application requirements

1. Application Letter
2. 2 Passport photograph from each individual in the same group
3. National ID card
4. Business registration Documents 
5. Business plan

Masloc car loans 

The Microfinance and Small Loans Centre (MASLOC) offers saloon vehicles to unemployed persons looking for work under its vehicle hire purchase program.

Through the scheme, individual taxi drivers, especially the young, who belong to taxi and drivers’ unions, will own their own vehicles after paying the loan facility within a four-year period.

Basic application requirement

1. Application Letter
2. 2 Passport photograph
3. National ID card

Masloc small loans

Individuals can apply for a minimum loan of GHC1,000 and a maximum loan of GHC10,000. They require a loan beneficiary to provide adequate security. In addition, a guarantor who can redeem the loan will be provided too.

Application requirement

6. Application Letter
7. 2 Passport photograph
8. National ID card
9. Business registration Document
10. Investment plan
11. Management Account with Two (2) years financial statement
12. Document of land ownership
13. Resolution letter from Board of Directors

Requirement for Guarantor:

1. Three (3) guarantors
2. One (1) passport picture
3. Photocopy of national ID
4. Three (3) months’ pay slip

Masloc on-lending loan

Microfinance Institutions (MFIs), Departments and Agencies (MDAs) and rural banks can get loans for business expansion. Here, all MASLOC loans have a limited term of only 12 (twelve) months.

Application requirement 

1. Application Letter
2. 2 Passport pictures
3. Photocopy of any National ID card
4. Company and Management Profile
5. All business registration Document
6. 12 months bank statement of business
7. Business plan
8. Financial Statement (2 years)
9. List of Assets
10. Document of land ownership or rental agreement document
11. Collateral
12. Copy of operational manual

Requirement for Guarantor:

1. Five (5) guarantor (Where applicable)
2. One (1) passport picture and photocopy of national ID each
3. 6 months bank statement

Masloc loan application 

Application for Masloc loans is very easy. You can apply through their website or by visiting their office. Follow the steps below: 

1. At any Masloc office near you, submit a properly filled out application form. State the loan amount and the purpose of the loan.
2. One of the loan officers will invite you for a preliminary assessment. They will reveal all other information you need to know about the loan to you.
3. lf you qualify for the loan, they will process your application
4. As soon as they approve your application, you receive your loan within a short time.

Masloc loan calculator 

This is the online tool used in calculating and checking the interest rate and the amount due for each type of loan. It is very easy to use. We advise that rather than complain that you don’t know the amount due for each loan, use the online loan calculator and find out all you need to know.

Masloc loan office

For further enquiries, kindly contact the call centre on the following numbers: 

Telephone: +233-302-782527 or +233-302-782528 or +233-302-782643

Head Office: 29 Third Circular Road, Cantonments.

Postal Address: Private Mail Bag 261

Fax: +233-302-782532

Email: info@masloc.gov.gh

Conclusion

As one of the microfinance lenders in Ghana, Masloc loans are relatively easy to get as long as you qualify. Their loan services are available mainly at business levels, providing just what you need. It is a scheme mainly to ease poverty, create employment and help startups scale up their businesses.