Are you an aspiring agric entrepreneur? Or you’re wondering what the best agricultural business ideas to start in Ghana this year? There are unlimited opportunities in the agricultural sector of the economy.
The agricultural sector has been one of the bedrock of the Ghanaian economy for years, a reason it’s still flourishing. With proper strategic planning, any individual having a basic knowledge of farming and manufacturing operation can start a profitable agriculture business.
The most interesting thing about agricultural business is that you don’t necessarily need a huge capital to get started. With a little piece of land in your backyard, you can start a lucrative farming business and make so much profit from it.
Having said that, in this post, we’ll share the top 11 most lucrative and profitable agricultural and farming business ideas you can start in Ghana today.
1. Cassava Farming
Cassava farming in Ghana is very lucrative, especially with the increasingly diverse use of cassava products in the country. For years, cassava farming has been a source of living for many Ghanaians. Additionally, the cassava can be processed into so many end products.
With steady growth in the population of Ghana, the demand for cassava products will be on the increase leading to higher revenues generated by cassava farmers. If you’re looking for an agricultural business that would ensure you always almost sell out all your harvests, cassava farming is one great farming business to start.
2. Rice Farming
Rice farming is one of the most lucrative agricultural business ideas in Ghana. With the implementation of the planting for food and jobs (PFJ) policy to address the declining growth of Ghana’s agricultural sector, many are going into this sector.
Rice is the second most important cereal after corn and has become a major staple food in Ghana. As at today, Ghana falls short of meeting its local demand and it’s aiming at producing 600,000 tonnes of rice. As a smart entrepreneur, this is an incredible business opportunity to start making money.
3. Poultry Farming
Another lucrative agricultural business idea in Ghana to explore is poultry farming. Poultry farming is the process of raising domesticated birds such as chickens, ducks, turkeys, and geese for the purpose of farming meat or eggs for food.
Poultry Farming in Ghana is probably one of the most lucrative farming business you can do. The quick maturity of chicken presents one of the finest opportunity for entrepreneurs to make good money within the shortest period of time possible.
Interestingly, Ghana has an already established market for poultry and poultry products. The demand for chicken and eggs is so high that people go about every day looking for where to get the supplies needed.
4. Maize Farming
Maize which is also known as corn is the most important cereal and has become a major staple food in Ghana. In fact, maize farming business has been thriving in Ghana for years. Maize is cooked in various ways and millions of Ghanaian rely on this crop because it usually costs less than wheat and rice and other common grains and cereals.
There are so many foods that can be gotten from maize, a major reason why it’s in high demand. It can be used to produce consumables like custard, corn oil, alcohol, popcorn, cornflake, corn flour, corn starch, corn powder, livestock feed etc.
5. Snail Farming
Snail farming is considered to be one of the most lucrative agribusinesses with a low capital startup in Ghana. Yet, it is one of the most neglected animal rearing business in the country. Snail farming in Ghana provides one of the finest opportunity to make money within a short period of time.
Snail farming is a niche and unusual business type of business. It’s very expensive to buy snail to eat because snails are very dormant during the dry season, they become increasingly scarce during this period and the market is starved of adequate supply until the next wet season.
6. Catfish Farming
Catfish farming is one of the most profitable agribusinesses out there. What makes catfish farming lucrative is because the majority of people prefer it to other kinds of fish. However, not everyone knows that this fish can be grown quite easily even at a small fish farm, you can even organize catfish farming at home.
There’s a very high demand for catfishes all year round. The demand is highest from eateries, restaurants and market women who buy in bulk and sell in retail either as live catfishes or smoked catfish. Individuals also demand catfishes too for personal consumption. With catfish farming, you’ll never have any problem selling your products.
7. Pig Farming
Pig farming in Ghana is one of the lucrative and profitable livestock businesses. Commercial pig farming is beneficial due to the fact that pigs are prolific breeders and can deliver 10 to 14 piglets in a single birth.
Pig meat (pork) has an excellent demand since red meat is a good source of protein and tasty as well. The pork market in West Africa alone accounts for about $3 billion consumption value. 80% of that is sourced by importation. That is a lot of untapped revenue.
8. Yam Farming
Yam farming is one of the most lucrative agricultural business in Ghana. Being staple food, yam is in high demand in Ghana. You can start with a small portion of land and make a whole lot of money from it.
9. Cucumber Farming
Cucumber farming is a very lucrative business couple with its fast cultivation period. They are juicy, nutritious and favoured by many people for their many health benefits. This high demand with a concurrent low supply makes cucumber farming a lucrative agribusiness in Ghana.
10. Wheat Farming
Wheat farming is one of the most lucrative agricultural business in Ghana. There is a high demand for wheat with wheat consumption standing at 770,000 MT per year. This increase is due to increasing population, urbanization and its attendant changing dietary habits.
Additionally, wheat can be processed into so pastries like bread, Pizza, cakes etc. Also, Ghana has an already established market for wheat. The service industry in Ghana like hotel, restaurants and catering are the major patronizers.
11. Tomato Farming
Just like Cucumber, Tomato farming is a very lucrative agribusiness to start in Ghana today. The demand for fresh tomato and tomato paste makes tomato farming very lucrative. Also, tomato has a short cultivation cycle meaning you can cash out all year round.
There’s a surge of interest in the Agricultural sector in Ghana. A lot of entrepreneurs are taking on various areas of agriculture; disrupting and transforming it into viably successful endeavours using information technology. You too can also benefit from this profitable venture.