Agribusiness Opportunities In Ghana – TOP 50 For Entrepreneurs

Discussion in 'Africa' started by ceolatif, Aug 18, 2018.

  1. ceolatif

    ceolatif Rookie

    Aug 11, 2018
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    The agriculture industry is an important industry because it addresses the three basic human needs; food, clothing, and shelter. There are countless agribusiness opportunities to invest in this industry and the demand for agricultural products is on the increase. As a matter of fact, as long as there is a growth in the human population, there will always be an opportunity to practice agriculture.

    Unlike other business ideas, there is a low barrier of entry for an agriculture business idea. You won’t need:

    A BSc, MSc or PhD
    Huge amounts of money (this is relative)
    Years of experience (this is relative)
    Read Also: Agribusiness in Ghana: All You Need To Know About The Sector

    You would, however, need to:

    Do your market research

    Start small and work your way up especially if you have little to no experience and capital
    Approach agriculture as a long-term business venture
    Agriculture is the main driving force behind Ghana’s economy, accounting for approximately 42 per cent of the country’s GDP and employing 54 per cent of its workforce. In recent years, the government has encouraged the development of the non-traditional agricultural sector in order to diversify the country’s export base.

    Significant agribusiness opportunities are presented for commercial agriculture. Availability of arable land, significant water resource, relatively low labour cost, value linkage opportunities, growing demand is among the factors that will promote agriculture.

    We have identified some uncommon agriculture business ideas that you can start in 2018 and we will be giving you a breakdown in this post.

    It is important to note that whichever idea you pick, ensure you carry out your due diligence. Though reading our post is a great first step, due diligence exceeds reading a couple of posts and spending your life’s savings on a farm. It is carrying out a feasibility study, financial projections, and deciding how much time and money you are willing to spend on the business.

    Agribusiness opportunities in the livestock sector
    Poultry Farming: –
    Poultry farming in Ghana has transformed into a techno-commercial industry from the status of backyard farming for three decades. It is the fastest growing sector in agriculture and farming business. The annual growth rate is 8-10% in egg and 12-15% in the broiler industry.

    Snail Farming: –
    Snail farming business opportunity demands discipline and specific knowledge of modern technology.
    It is the process of raising land snails specifically for human consumption. It has a high rate of
    protein, iron, low fat and almost all the amino acids that are needed for the human body.

    Read Also: Young Lady Making A Difference In The Snail Farming Sector

    Vermicompost-Organic Fertilizer Production: –
    Vermicompost organic fertilizer production has now become a major component of agro-business models across the country with a very low initial investment. An entrepreneur can start this business with the proper know-how of the production process.

    Bee Keeping: –
    Beekeeping business opportunity demands day-to-day monitoring with close supervision of the bees. With the increasing awareness about the health, demand for honey is growing globally. Beekeeping for selling honey and other products like wax is a profitable venture to start with less startup investment.

    Fish Farming: –
    Commercial fish farming business is a lucrative investment that can spin money at any time of the year
    continuously. With the implementation of modern techniques and having owned space, an entrepreneur can start this business with moderate capital investment.

    Livestock Feed Production: –
    This business is small-scale manufacturing. Having confidence in distribution, one can start this
    business to make money out of livestock feed production.

    Frozen Chicken Production: –
    Frozen chicken is a hot product now. The demand for this product is increasing globally. An entrepreneur living in a metro or suburban city can start this business with proper planning.

    Quail Egg Farming: –
    Commercial quail farming is all about raising quails commercially for the purpose of profitable eggs
    and meat production. Globally quail farming is playing an important role in fulfilling the daily family nutrition demands and earning livings.

    Shrimp Farming: –
    Shrimp farming is an aquaculture business that exists in the freshwater environment, producing shrimp
    or prawn for human consumption. The demand for this product is increasing globally.

    Fish Hatchery: –
    A fish hatchery is a place for artificial breeding, hatching and rearing through the early life stage of finfish and shellfish in particular. Hatcheries produce larval and juvenile fish primarily to support the aquaculture industry where they are transferred to on-growing systems.

    Piggery: –
    Having a sufficient landholding an entrepreneur can start a piggery business. Among the various livestock species, piggery is the most potential source for meat production and pigs are more efficient feed converters after the broiler. The major facility is pig farming requires a small investment in buildings and equipment.

    Chicks Hatchery: –
    Chick’s hatchery business is all about making money by selling commercially produce chicks to local egg
    and poultry farmers. It is a highly profitable business to start with a small capital and as such no specialized knowledge is required.

    Dairy Farming: –
    Commercial dairy farming is one of the most profitable agriculture business ideas. Apart from milk, it
    produced a quantity of manure. There is a tremendous scope/potential for increasing the milk production through profitable dairy farming.

    Goatery Farming: –
    Goats are among the main meat-producing animals in Ghana. This meat is one of the choicest meats
    and has huge domestic demand. Due to its good economic prospects, goat rearing under an intensive and semi-intensive system for commercial production has been gaining momentum for the past couple of years.

    Rabbit Rearing: –
    There is no law prohibiting the keeping of rabbits in Towns and Cities. A backyard can serve as a good source of additional income, food and employment; thus, reducing poverty, hunger and idleness.

    Rabbit does not compete with humans for food, as kitchen leftovers, cut grasses and formulated or compounded feed can sustain them. Rabbit keeping does not require much capital for investment and maintenance. As little space is needed, most rabbits could be kept in the backyard or in the abandoned sheds.

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