How To Invest 5000 Ghana cedis In Ghana?
Let us be real- trying to find means and ways on how to invest 5000 Ghana cedis in Ghana can feel like a long table buffet with too many options. Not because the 5000 Ghana cedis is a huge amount but the limitation and a guarantee in earnings. It could be anything, from vegetable farming, gold buying business, import business, poultry etc.
You could find so many ideas on how to invest 5000 Ghana cedis in Ghana. Here is the deal, paying so much attention on “how to” gives a lot of ideas but taking into account the location, which is Ghana and the amount involved can trim down the ideas from 10,000 to about 1000 ideas. Yes, you could get 1000 ideas on how to invest 5000 Ghana cedis in Ghana. But what can be viable? What can give you some good returns?
We are going to be realistic as possible and provide some key areas you can invest this 5000 Ghana cedis. This could be a long term investment, business venture, high risk investment, low risk move, stock market and a quick trading opportunities.
Are There Investment Opportunities In Ghana?
There are so many investment opportunities in Ghana. Ghana is considered to be one of the fastest growing economy in Ghana with potential to be the best in Africa in few years.
This fact confirms there are so many viable opportunities available for indengnours and foreigners who want to invest in Ghana. These available opportunities provides room for both local and foreign people to create and build business with less stress.
The are several sectors that are unsaturated offering golden time for anyone looking to invest. From the mining to Agriculture, energy to real estate, food processing to logistics- these sectors stand at the right spot to yield positive results for anyone looking to invest.
If there is anything you looking to work on in Ghana, just know you have found the right country. Ghana is peaceful and holds one of the most safest place to do business.
Read more: Banks To Help You Invest Your Money
How Much Is 5000 Ghana cedis In Dollars?
In the last 6 years, the Ghana cedi has depreciated by 350%, making it one of the worst performing currencies in west africa. Efforts and policies have been initiated by the government of Ghana to control and stabilize the Ghana cedi against the dollar.
As an import driven country, it is expected to use the dollar for your import. If you have Ghana cedis to transact an importation business, you need to convert it to US dollars. Ths US dollar is the international currency that can allow you to make purchase and payment across so many countries.
So, if you have 5000 Ghana cedis, you should be able to convert it to dollar by dividing it by 15.5 Ghana cedis or the prevailing rate. Currently, a dollar is estimated to be 15.5 Ghana cedis. 5000 Ghana cedis should be about 323 dollars
What Business In Ghana Can I Start With 5000 Ghana cedis?
Although, the Ghana cedis has really depreciated in the last few years but it can still create some value for you. This means your currency holds little value, but with a lot of experience, knowledge and support, you can make the 5000 Ghana cedis be a lot.
In order to invest 5000 Ghana cedis in Ghana, you must first understand the dynamics of the Ghanaian economy. Also, you must have a plan, whether its a long term business, short term or high risk business.
All these are thoughts that one must think and consider before making a move. The consideration provides you with an insight on how to approach this business you are about to start with 5000 Ghana cedis. Therefore any action taken in the right direction can provide positive results.
There are so many business one can start with 5000 Ghana cedis but we may not be able to touch on all. However, highlight will be thrown on some of the common and easy to manage. Here is a list of 20 unique businesses in Ghana that one can start with 5000 Ghana cedis.
- Indomie business
- Breakfast business
- Mobile money business
- Thrift business
- Cleaning service
- Bakery
- Poultry
- Catfish Farming
- Handmade craft
- Youtube Channel
- Blogging
- Delivery services
- Pet grooming
- Kennel Business
- Online store
- Vegetable farming
- Home Tutoring
- Phone Accessories
- Fruit Juice Joint
- Internal Decor
