Ghanaian CEO Based In China Shared Profitable Businesses To Start With $20k To $30k

• Daniel Elorm Oben-Torkornoo, the CEO of Gasor Electric Tech Limited, outlined profitable business opportunities in Ghana during an interview with SVTV Africa
• He highlighted the potential for lucrative returns in oxygen production for health facilities, emphasising a swift return on investment within six months with an initial capital of $20,000-$30,000
• Additionally, he advocated for adopting electric vehicles, particularly e-bikes, for commercial purposes, citing their economic advantages and potential for quick payback within 34 weeks

Daniel Elorm Oben-Torkornoo, the CEO of Gasor Electric Tech Limited, shared insightful business ideas for prospective entrepreneurs in Ghana.

The China-based Ghanaian delineated between passive and active income streams, emphasising the viability of several ventures in the country.

In an interview with DJ Nyaami on SVTV Africa, Daniel also mentioned the potential for lucrative returns and the profitability of investing in oxygen production for health facilities.

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With an initial investment ranging from $20,000 to $30,000, he indicated a swift return on investment within six months.

Oxygen production, he explained, leverages readily available air as its raw material, making it a financially feasible venture. Similarly, nitrogen production offers a comparable opportunity, requiring minimal labour with just two employees.

Furthermore, Daniel advocated for adopting electric vehicles, particularly electric cars and e-bikes, for commercial purposes.

Citing the burgeoning popularity of e-bikes, especially in the delivery business, he proposed a "work-and-pay" model where individuals could purchase e-bikes for GH¢12,000, recouping their investment within 34 weeks.

He emphasised the economic advantages of electric vehicles over traditional fuel-powered counterparts, signalling a shift towards sustainable transportation solutions in Ghana.

In addition to these capital-intensive ventures, Oben-Torkornoo outlined various financially manageable business ideas suitable for aspiring entrepreneurs.

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Man Who Started Plantain Chips Business With Less Than GH¢1,500 Builds Third House, Shares Success Tips Online

Earlier, YEN.com.gh reported that a man who started a plantain chips business had succeeded.

He shared the progress of his third house construction on TikTok. Despite starting the venture with less than GH¢1,500, he has expanded his operations, employing several individuals at his factory.

With his rapid construction progress, he aimed to complete the house within a month, inspiring others with his entrepreneurial journey and determination.

Lady succeeds in fish farming

Meanwhile, another lady who went into the fish farming business had a big fish harvest after rearing them for four months and five days.

The lady rejoiced over her profits and said the harvest came when she needed money to sort things out.

Source: YEN.com.gh