BUSINESSES IN GHANA THAT ARE NOT WORTH YOUR INVESTMENT! (2023) PT 1

  Рет қаралды 15,275

Nana Ashanti

Nana Ashanti

Жыл бұрын

#business #ghana #entrepreneur
Not all businesses are worth your time or money, especially this year and beyond. Put your investment elsewhere!
THANKS FOR WATCHING.
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Пікірлер: 84
@NanaAshanti
@NanaAshanti Жыл бұрын
Hi my people! Before you dive into any of these businesses, please check the trends & talk to people in the business. I'd say don't but if you must, please do your research!!
@Africantoothfairy
@Africantoothfairy Жыл бұрын
Welcome back sis. We've missed you 🫂
@elaineleslie3006
@elaineleslie3006 11 ай бұрын
Where's part 2?
@ImEli2215
@ImEli2215 Жыл бұрын
Can't wait for PT 2. Very good info
@NanaAshanti
@NanaAshanti Жыл бұрын
Thanks for watching!
@hasenso
@hasenso Жыл бұрын
All facts here Nana
@juficobs8980
@juficobs8980 Жыл бұрын
Great stuff!
@NanaAshanti
@NanaAshanti 11 ай бұрын
Thanks!
@newfreshs
@newfreshs 9 ай бұрын
You really did your research well. Nice
@NanaAshanti
@NanaAshanti 9 ай бұрын
Thanks!
@deenjareedt7703
@deenjareedt7703 Жыл бұрын
Let’s go to number 3 …. We glued 😅
@NanaAshanti
@NanaAshanti Жыл бұрын
Lezzzgoooo 😆
@Africantoothfairy
@Africantoothfairy Жыл бұрын
Your information is always valuable. I was waiting for when someone will talk about the car shipment business. My uncle shipped a salvage titled car that cost him $5k and he cleared it at customs for almost $4k in Ghana. Luckily it is to be used and not sold but I was shocked by the customs levy. 😢😢
@NanaAshanti
@NanaAshanti Жыл бұрын
In 2018, I paid 2k to clear a car. That same car will cost me 5x the price to clear just 5 years later. It's insane! We should have a free port, out of all other West African countries. What a shame.
@veraaddo7532
@veraaddo7532 Жыл бұрын
Thank you
@NanaAshanti
@NanaAshanti Жыл бұрын
Welcome!
@3rdeyevision569
@3rdeyevision569 10 ай бұрын
Nana Ashanti
@NanaAshanti
@NanaAshanti 10 ай бұрын
Hello
@carolcastile9038
@carolcastile9038 Жыл бұрын
Hello Nana I sent you an email. First time viewer, love the infor.
@NanaAshanti
@NanaAshanti Жыл бұрын
Hi Carol, thank you. Will respond soon 👋🏿
@carolcastile9038
@carolcastile9038 Жыл бұрын
@@NanaAshanti Take you time, just wanted to to make sure it was a working email address.
@JasmineAmaa
@JasmineAmaa Жыл бұрын
Waiting for details on real estate 👀
@NanaAshanti
@NanaAshanti Жыл бұрын
Coming soonnnn
@nanaobben5166
@nanaobben5166 Жыл бұрын
😘
@nicholasmills3674
@nicholasmills3674 Жыл бұрын
yes the restaurant business is saturated with low profit margins but if you can find a niche it can be profitable, i am sure you have heard of Csptain yaw which does fish and chips and targets british expats , there is a market in Ghana for us soul food and vegan restaurants.
@NanaAshanti
@NanaAshanti Жыл бұрын
I have seen that. Niching down is always a good idea for the service industry but my worry is that, is it sustainable? Can it be your major gig? If it's serving to primarily diplomats, what happens when they move on to something new? 🤔
@yo-a
@yo-a Жыл бұрын
Not only diplomats, expats, returnees and tourists. Their business is booming and they have grown so much in just a few years. If Ghana is going to be the tourist hub it claims to be aiming to be, the only way is up for Captain Yaw’s!
@NanaAshanti
@NanaAshanti Жыл бұрын
Okay and when a new spot, like I said, opens and copies the menu as everyone seems to be doing, what's next? 👀 Because, personally I advice businesses to include the local population in their target market in Ghana. They are the mass market.
@yo-a
@yo-a Жыл бұрын
@@NanaAshanti you’ve lived in America before right? Didn’t know there was a monopoly on restaurants in Ghana. Also clearly the mass market also likes Captain Yaw’s as they have been booming.
@NanaAshanti
@NanaAshanti Жыл бұрын
Okay.
@mister_P22
@mister_P22 Жыл бұрын
I think the best option regarding the cars is to do a door to door ship
@NanaAshanti
@NanaAshanti Жыл бұрын
As in, sell to people who request it before you ship?
@mister_P22
@mister_P22 Жыл бұрын
@@NanaAshanti leaning more towards using a freight service which handles clearance something along the lines of what jobyco does. It's a lot more hands off.
@NanaAshanti
@NanaAshanti Жыл бұрын
Good point. 👍
@czogg99
@czogg99 Жыл бұрын
Ghana car tariffs are such a killer . Best to ship to Cotonou and then pay the cross border tariffs which is lower. Most people evade it by buying accident cars , bring it in and have it assembled . The labor is cheap. Make sure you buy all your parts abroad and ship in as spare parts.
@NanaAshanti
@NanaAshanti Жыл бұрын
Cotonou?! This is new information. Thanks for sharing
@basementkid
@basementkid Жыл бұрын
This a great idea! It's only Ghana that is really extortionate with their fees. Our government is such a struggle
@NanaAshanti
@NanaAshanti Жыл бұрын
Too much strife. Stress!
@daltona1076
@daltona1076 Жыл бұрын
If you ship to Cotonou or Ivory Coast, you will still have to pay the same Duties as importing into Ghana if you want to register it in Ghana. Which is why you see a lot of cars with Togo, Ivory Coast and Nigerian plates in Ghana...so they have 90 days to stay in Ghana. So what they do is every 90days, they drive across the border to Togo or Ivory Coast, spend a day or the weekend and drive back which resets the 90days.
@voicecommunities4810
@voicecommunities4810 8 ай бұрын
​@@basementkid The Nigerian government is far much worse than the Ghanaian govt. Even many Nigerians will tell you that Ghana is ahead of Nigeria with respect to governance. Nigerian govt is zero governance!
@victorpate24
@victorpate24 11 ай бұрын
What about 'live' Entertainment, like bands that perform different genres (R&B, Neo-Soul, Jazz, HipHop, Blues, Rock, Lo-Fi, Electronica, etc)?? I'm an experienced musician and I am interested in your opinion on this idea.
@NanaAshanti
@NanaAshanti 11 ай бұрын
Bands have been successful here and abroad for a few years now. There have been several bands from back in the day too who started here and have done very well. I say, do it. We are definitely an entertainment loving people.
@larryzan8942
@larryzan8942 11 ай бұрын
With real estate if it’s renting it out there’s no money cuz ppl pay 2-5 yrs in advance but if it’s thru Airbnb u will make way more money
@NanaAshanti
@NanaAshanti 11 ай бұрын
Airbnb is not doing well, currently.
@kajsworld89
@kajsworld89 9 ай бұрын
Airbnb might get hou broke Maintenance is headache
@larryzan8942
@larryzan8942 9 ай бұрын
@@NanaAshanti it’s only temp
@goiufro
@goiufro Жыл бұрын
Whats your opinion nana of a business like yours the bigstore? Like a supermarket type ? Could you comment pls , and thanks
@NanaAshanti
@NanaAshanti Жыл бұрын
I will always encourage people to do business in consumer goods and essentials. It's been good for me so far so I'd say yes. Find your corner of the market and delve into it.
@goiufro
@goiufro Жыл бұрын
@@NanaAshanti OK thanks for getting back to me. Ill definately check the shop out when im there
@GoSamOoo
@GoSamOoo 11 ай бұрын
I was waiting to hear what you had to say and you basically gave away the sauce. What is your best point of contact so I can reach you for business relations.
@NanaAshanti
@NanaAshanti 10 ай бұрын
Email works best. Nanaashantiinfo@gmail.com
@rudolphharrigan1804
@rudolphharrigan1804 Жыл бұрын
Gm very well and good put together, I would like to is online business is on high demand? I am Rudolph Harrigan from ST.THOMAS US Virgin Island and would like to bring a online business opportunity there. Do you information on places to advertise your business online
@NanaAshanti
@NanaAshanti Жыл бұрын
Hi Rudolph, online business is still in its infancy here. We use social media to sell & promote products, primarily. We also use Whatsapp business to sell & lately there are apps like Jiji.com, Hubtel, Tonaton.com, Jumia, etc. Any of these or a combination should work.
@gokhanelma
@gokhanelma 3 ай бұрын
Thanx for video honey i want to move to ghana and live there and get married 😊
@NanaAshanti
@NanaAshanti 3 ай бұрын
You're welcome 😊
@nafiulawal1443
@nafiulawal1443 11 ай бұрын
What about importing vehicles for uber as work and pay?
@NanaAshanti
@NanaAshanti 11 ай бұрын
It's like combining two of the worst things together. I am yet to hear of a positive uber/public transportation work n pay experience. The trust in the drivers is low/nonexistent. I'd say don't do it but also do your research and decide. Who knows? Maybe you'll find a work around.
@nafiulawal1443
@nafiulawal1443 10 ай бұрын
@@NanaAshanti Already made the investment. Let's see how it goes then. Learning the hard way.😃
@samkobby3684
@samkobby3684 9 ай бұрын
@@NanaAshantiyeh good driver will make u blow, but bad driver will make u go crazy. is a good business depending on the driver
@Global_with_Desoo
@Global_with_Desoo 5 ай бұрын
So is that the aerial view of sandbox? That’s very disappointing. Look at the surroundings
@NanaAshanti
@NanaAshanti 5 ай бұрын
It's better these days
@beatriceowusuachaw6210
@beatriceowusuachaw6210 2 ай бұрын
Onyame tumi so
@KuttyJoe
@KuttyJoe Жыл бұрын
99% of the cars in Ghana are imported. There has to be a way that people are importing all of these cars. I've been talking with people about this a lot recently. But my landlord told me the same story. He imported a car and the car will cost more to clear through customs than the entire value of the car. So the business must be in figuring out how people are doing it because the costs of all the cars here do not reflect that doubling of price.
@NanaAshanti
@NanaAshanti Жыл бұрын
If I know Ghana, I'd say the importers "know someone who knows someone" & may be getting cheaper clearing options we just don't know of, publicly because these fees and taxes are such a business killer. Someone said something about clearing through Cotonou in the comments. Must be it.
@daltona1076
@daltona1076 Жыл бұрын
@@NanaAshanti A lot of the cars been sold in Ghana that are imported are imported as parts. They saw the cars into halves and import them in as parts or import Salvage cars in parts in a container which allows the duty to be low, then when it gets to Ghana, they now weld it back together and put all the parts together. So a lot of the cars on the roads in Ghana are not really road worthy. Which is why a lot of folks that want to use their cars prefer buying the cars and ship it in which gives them a peace of mind. With all that said ...the duty on clearing cars in Ghana is ridiculous. How can clearing fees be more than the price of the cars. I want to ship my car in the US to Ghana but the price to clear the car is so ridiculous that I was like its not worth it.
@OnlyLonely4601
@OnlyLonely4601 2 ай бұрын
What about a bookstore?
@NanaAshanti
@NanaAshanti 2 ай бұрын
Very niche in the country but it can work especially if you include textbooks for schools and universities. Also partner with higher learning institutions to be a supplier. That could work very well.
@OnlyLonely4601
@OnlyLonely4601 2 ай бұрын
@@NanaAshanti Brilliant. Thank you.
@natfu5206
@natfu5206 Жыл бұрын
How about food truck business?
@NanaAshanti
@NanaAshanti Жыл бұрын
In 2019, there were a few around in Accra, specifically. They all seem to have folded up though. It's a tough industry now 😕 so I wouldn't recommend it but if you'd still like to, probably talk to them and see what happened so you do things in another way.
@natfu5206
@natfu5206 Жыл бұрын
@@NanaAshanti Thank you for your feedback.
@NanaAshanti
@NanaAshanti Жыл бұрын
@natfu5206 there's one I loved called "12 inch Baguette". They left and set up in Lagos so hopefully they will be willing to talk to you 🙏
@Tu51ndBl4d3
@Tu51ndBl4d3 Жыл бұрын
*subscribed* Ghana doesn't have a middle class. Where do you see that?
@NanaAshanti
@NanaAshanti Жыл бұрын
All around me. It's growing but it's here.
@Tu51ndBl4d3
@Tu51ndBl4d3 Жыл бұрын
@@NanaAshanti are they local Ghanaians or expats ? What jobs are they doing?
@WeDeyChop
@WeDeyChop Жыл бұрын
Lol real estates? And eateries are booming sis huh?
@NanaAshanti
@NanaAshanti Жыл бұрын
Booming in presence or in profit?
@99Troublemakers
@99Troublemakers Күн бұрын
Your video is just too long, 8mins to list 5 items, who's got that kinda time nowadays
@NanaAshanti
@NanaAshanti 16 сағат бұрын
@@99Troublemakers You, apparently.
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