Businesses You Can Start With 500ghc In 2023

Businesses You Can Start With 500ghc In 2023

Did you know that 500 Ghana cedis is all you need to launch a business? To reduce your risk of suffering a loss, you might invest in the industry in Ghana that is expanding the fastest and has the lowest initial investment requirements.

Your pay will never be sufficient. You therefore require a second income to supplement your salary. Try to think of as many profitable business ventures as you can for 500 Ghana cedis. This article lists some 35 top businesses in Ghana that you can engage in with GHC500 in 2023 and make some profits from them.

Is it realistic to start a BUSINESS with GHC500?

Making it clear from the onset, it is very possible to start a business with a capital of five hundred Ghana cedis. Many people see it impossible to start a business with small capital because they have seen a lot of big businesses doing very well and looking attractive to society, and so their minds always project the amount needed to start a business of this type, forgetting that everyone started with what they could afford. If you fit this description, don’t be upset, but rather, we’ll talk about a few chances you can seize to generate a respectable income for yourself.

Top 35 Businesses to start with GHC500 in 2023

Vegetable or Fruit Sellers

Fruits and vegetable sales are one of the easiest businesses to start in 2023 with a low capital of GHC500. Selling vegetables and fruits is advised for people who wish to start a business with little capital because everyone in modern culture utilizes vegetables to produce food at least once a day, if not more.

Freelance Writing   

You still need to be good at writing, but since anything is attainable with enough motivation, anyone can learn anything. All you need is a laptop, a notebook, and an internet connection if you are already a skilled writer. You should also consider signing up for as many freelance websites as you can.

Phone Accessories Business

Selling phone accessories is a small business that you can start with little money and continuously invest your profit to grow your operations.

Second-hand shoes and clothing

Used clothing and shoes are even less expensive than new ones when purchased in large quantities. You may easily afford a quantity that, when sold one at a time, will bring in a healthy profit.

Make-up tool Kits 

Nowadays, many women use makeup daily in an effort to look nice and beautiful. Selling makeup tool kits is a good business that you can start with a small amount of money.

Baking Cupcakes

Making cupcakes is a business endeavor that will be profitable because adults and children alike enjoy cake but cannot afford the larger pieces; instead, they find cupcakes to be quite affordable.

Buying and Selling Domain Names

Despite the rarity of selling expensive domains, many make a profession of purchasing and selling domain names. Don’t count on making a ton of money quickly.

Phone repairing  

Online instructions or a single specialist can teach you how to fix a broken cell phone, and the process doesn’t cost much to start.

Making Liquid Soap 

Making liquid soap is a business that anyone with GHC500 capital may start because the ingredients are so reasonably priced.

Gari production business  

If you are ready to go through all of its steps, beginning a Gari production firm does not require much capital to get off the ground.

Farming

Farming is profitable and you can take part in it by investing as little as GHC500 to make a profit. 

Poultry business  

With a capital of GHC500, commercial bird farming for meat, eggs, or both can also be launched.

Sobolo Drink business (Hibiscus juice) 

One of the many businesses that may be launched with GHC 500 is the sobolo drink business because the ingredients needed to prepare it are few and inexpensive. 

Ice-kenkey business 

The ice kenkey business can be operated with GHC500 since it doesn’t involve much 

Popcorn business

One can operate a popcorn business with as little capital as GHC500.

Pure water sachet business (buy and resell)

Another business that can easily be operated with GHC500 is buying and reselling pure water.

Start selling Fruits 

Selling fruits is also one simple but profitable business that you can start with GHC500.

MTN/Momo Merchant business

The momo transaction business does not require a huge amount of money to start. You can always start with small amount of capital.

Plantain chips business 

Preparing and selling plantain chips can be started with GHc500.

Fresh Fruit juice business 

Preparing fresh fruit juice is also a business that can be started with a small amount of money.

Roasted plantains and groundnut business

Selling roasted plantains and groundnuts is a small business that you can start with GHC500 and make some profits.

Coconut business 

Coconut selling is also a profitable business that can be started with GHC500.

Soft drink reselling business 

You can buy and resell soft drinks with less capital and still make profits on them.

Start a blog 

Starting a blog does not require a huge amount if the necessary talents are already acquired, and so it is one business that can be started with GHC500.

Start a YouTube channel

It doesn’t cost a lot to launch your own YouTube channel. All you need is a knack for developing original contents.

Start Freelancing online or offline  

All you need is a laptop, a notebook, and an internet connection if you are already a skilled writer. You should also consider signing up for as many freelance websites as you can.

Web design business  

Since everything is moving online, learning web design is advised. If you have a laptop and an internet connection, you can start this career for GHC500 or less.

 

Face & Body scrub business 

With GHC 500 or less, you can also launch a face and body scrub business. 

Hair growth products business  

One of the less expensive businesses that anyone can start is the sale of hair growth products.

Tom brown cereal business 

Preparing Tom Brown cereal is a nice business that can be started with a small amount of capital, as little as GHC500 or less. 

Groundnut paste 

You can launch a business to prepare and sell groundnut paste with as little as GHC500 in funding.

Pet grooming 

With GHC500, anyone may start their own pet grooming business and eventually turn a profit.

Bofrot (Puff-puff) business  

You can start a Bofrot-selling business with GHC500 or less and still make profits. 

Kebab business 

Kebab selling business is one venture that can be operated with GHC500. 

Home tutoring business 

Organizing extra classes for students at home is also a money-making avenue that doesn’t involve much money. 

Conclusions

In Ghana, there are numerous businesses that you may launch and participate in with GHC500 or less. Make sure to develop yourself as much as you can and get all the required talents. Being smart and reliable is necessary for business. If it doesn’t work right away, keep on pushing because there is always treasure in not giving up.

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