Doing Business In Ghana | This Is How To Become Wealthy In Africa
Doing Business In Ghana | This Is How To Become Wealthy In Africa
What you need to know about creating a company in Ghana and scaling it.
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00:00 Intro
01:06 Doing Business In Ghana
02:18 Advantages Of Doing…
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my family background is middle eastern and all these issues are faniliar to us. It is a developing country and its sad but mentalities take time to change.
Always watch your paperwork, make sure you stay professional otherwise workers feel too comfortable to steal from you.
Also pay a good wage, pay taxes and most importantly reinvest some profits into the community. Governments in developing countries are notoriously corrupt so its the duty of any foreign investor to help the average people where they can. I invested in a few countries and every time put 10% of profit into local causes.
Never leave your business with a Ghanaian to run, if anything be on grounds
Have you tried getting a core group of good workers and givong them ownership in the company?
The staff are treated like second class and taken for granted.. no wonder.,.. if your truly good and caring for their welfare the staff will be good..
That very true Bro, i Love you for saying the true.
Hi, how do l talk to you about the Lands in Afienya. Pls let me hear from you. Thx
A Ghana women rob me I send her 2k USD to get her passport and immigration visit visa to visit me she never got the passport
Ghana is simultaneously the best place to do business & the most frustrating but still we dey!!
You are on point. Something is got to be done by us for us seriously.
Thank you so much for your honesty about Africa…..it's rare to see this kind of honesty!!!
Many of us African Americans here in the US are interested in moving to Africa, building homes and businesses but what you describe is exactly what scares us. Unpaved roads, lack of good quality healthcare and non existent infrastructure.
Then moving there and not knowing who we can trust!
Well said Rush, keep up the good job❤
Welcome to Ghana for business 😂
Great video and interesting comments. Keep it up
It’s so painful to see that foreigners are doing well with expanding businesses in our country Ghana but not many Ghanaians can do the same. There needs to be a mindset shift but it’s gonna take a miracle!
Thanks for the great content as always 🙌🏾
Hi there, is there an email or POC I can reach out to view some properties? Thanks
Very informative and honest review of Ghana business scene. I’m with you on everything you said as we’ve faced the same issues whilst there. Biggest problems have been workers.
Sorry Rush, I can relate with and know it’s not easy #the mindset!
You are really speaking truth my husband and I have a 50 acre farm the days my husband goes to the farm. They literally do two times the amount of work that they do when he’s not there.
Ghanaian guys please drop a message
I will like to have a Ghanaian friend
The Ghanaian system is literally a money making glitch!.. enjoy it while it lasts
System in Ghana is flawed purposely to benefit the elite who are all in the Freemason and serve the interests of foreign countries. If you have a business and it becomes successful the elite want their share of your business if you don’t they will destroy your business.
Firstly I want to commend you in the very good information you always put out here in your channel. You are a very honest person who wants to make life easier for others who may not know how people mindsets are in West Africa. This problem can be seen as a business opportunity for those who are good in Human Resources to set up training companies where people can be trained free and placed in companies who are ready to pay a good percentage above inflation rate. The trainers gets paid when thee trainees are placed in a job. We used to have companies like that in Nigeria in the 90s, perhaps they are still there today. They used to train people and place them in companies as contract staff, but they are paid far above the minimum wage. If the company they are placed in finds them to be trustworthy and hardworking after 6 months or 1 year, they convert them to permanent staff. Even in the West, people who are paid minimum wage always have nonchalant attitudes towards their jobs
Train personnel, pay them a living wage, let them know the hierarchy (I.e how they can rise in the organisation to senior positions to earn more), and place them where their abilities are good at. They will be scared to lose that job, and will give you 100% of their efforts and honesty. If the pay finishes even on basic things before the next pay day, then the tendency to steal or low motivation to work will be high. I give you an example, a waiter who knows if he works hard he can be rewarded with promotions and can become a manager one day, will do more than waiting the table. Most indigenous businesses don’t make the path clear. A Lebanese, Indian, Chinese etc knows the possibilities opened to them in the organisation. Most of the time these are what people need to strive to grow and serve you better.
Rush, everything you are saying is the truth and you have nothing to apologize for. An employee I trusted, and supported in so many ways, has stolen the equivalent of $9K from me to buy a car. I've had him arrested and the usual pleas are pouring in from his family. I've experienced this many times with different workers over the years and this time, I'm determined to let the law run its course. From hereon, if you steal from me, even a pesewa, you will be in handcuffs! Enough of the dishonesty, greed, ingratitude and criminality!
An average Ghanaian should receive at least 1500 Ghana cedis
Is due to the pay
Trust is good but systems are better. You have to build a good system if you are not in Ghana to run a business. Otherwise, I will say keep your money.
This is the reason why I'm totally interested in private equity. Investing in great futuristic ideas.