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Is it possible to start a business in Ghana West Africa Ghana with 250 dollars as your capital?
Wiki User
∙ 12y ago
Depending on the kind of business, I would say yes, it is possible. $250.00 is approximately 2,250,000.00 Ghanaian Cedis.
In Ghana, selling cold water [Ice water] is regarded as a business, and there are a lot more smaller businesses that you can get into.
If you are the kind that get on easily with foreigner, you can start by selling artifact, wood curving and things of traditional nature that tourist do like. If you go to source of the item [ art works or wood curving, for example] you can purchase a nice piece for about 60,000.00 cedis and end up selling this for more that $15.00, which is about 135,000 Ghanaian cedis.
I once heard a guy from Mali saying "In Ghana, they have money in the gutters and everywhere, but the people just don't know it is money". This is a guy who purchases and sells things cotton sacks. For this kind of business 2,250,000.00 cedis is well enough to start.
Wouldn't talk much, but again, it depends on the kind of business you want to start. A straight answer to your question is YES, you can start a business in Ghana with $250.00 BUT it will take time for you to lift yourself up from the ground with such a small money as your capital
Ghana did a denomination of its currency last year currently the dollar to cedis exchange rate is approximately 1 to 1.5 which means that if u have a $100 you will get 150cedis.
Wiki User
∙ 12y ago
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