- A Ghanaian graduate who struggled with unemployment years after finishing university in 2015 became a shoe shiner
- In 2019, he dared to sell coconut, faced the challenge of COVID-19 in 2020 and saved over GH¢10,000
- US-based Ghanaian business consultant Kwesi Nkrumah shares five ideas one can turn into a GH¢10,000 business
After graduating from the Kwame Nkrumah University of Science and Technology (KNUST) in 2015 as a Bachelor of Science in Administration student, I struggled to secure employment to further my career aspirations. Life became tough due to financial constraints due to my modest family background. I resorted to menial jobs, including working as a shoe shiner in Ghana’s capital, Accra.
Source: Getty Images
when COVID 19 hit the country in 2020, things quickly turned into hell especially when the the government imposed a lockdown in some urban areas to control the spread of the coronavirus. However, this period allowed me to rethink and invest my small savings in selling coconut after the President Nana Addo Dankwa Akufo-Addo lift the travel ban.
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From January 2021 to December 2023, I saved over GH¢25,000 from selling coconut. In January 2024, I acquired a land with GH¢15,000. I want advice on starting a new business with the remaining GH¢10,000. I can reinvest my savings in the coconut business but I want to diversify and pursue different projects.
US-based Ghanaian business consultant shares advice
Kwesi Nkrumah, born George Sarfo, is a Ghanaian engineer/business consultant living in Washington, DC, USA, who graduated with an engineering degree from Kwame Nkrumah University of Science and Technology (KNUST) in Ghana. Also the founder of Venice View Beach Resort;shares five ideas one can turn into a business with GH¢10,000.
Agriculture/Agriculture Sector
With GH¢10,000, you can go into farming. You can gather from experienced farmers or start farming yourself. You must first research the field, specialize in one area, and determine which countries need your products. You can go into onion production or target crops that require relatively less capital.
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![](https://images.yen.com.gh/images/3989b3df15b9c003.jpg?impolicy=cropped-image&imwidth=256)
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Food brand
You can invest in the production of local products, such as caramel candy with a shelf life of more than six months. Focus on packaging and identify your primary and secondary audiences.
Service industry
With GH¢10,000, you can engage in mobile home care services targeting affluent communities to deliver your services. Your target may include people too busy to look after their elderly family members.
You can apply this approach to teaching and target homes to provide home services or education. You can also take the SAT (Scholastic Aptitude Test) and GRE (Graduate Record Examination) to easily win $100,000. Identify people who want to study abroad, form a group, and charge them at least $1,000 for SAT services.
Technology sector
You can build platforms like Jumia to cater to the demographics you want. For example, a platform that allows high school students to find out which schools they qualify to attend based on their grades and the courses they can take to eliminate or reduce the stress and financial loss associated with applying and refusing to enter a price.
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![](https://images.yen.com.gh/images/94e5a4943e6d21ef.jpg?impolicy=cropped-image&imwidth=256)
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Transport sector
Finally, with a saving of GH¢10,000, you can switch to mail services and merge them with ride-hailing/okada services to satisfy your audience. It must be done professionally for a fee. Thanks.
Disclaimer: The advice given in this article is general and is not intended to influence readers’ investment or financial product decisions. They should always seek their own professional advice that takes into account their personal circumstances before making any financial decision.
Do you have a story or need expert advice? Feel free to contact us at ask.an.expert@yen.com.gh, with Ask an Expert in the subject line.
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Source: YEN.com.gh