So, you have got a business idea. Maybe you want to start a food delivery service in Accra, launch a fashion brand in Kumasi, or open a tech startup that solves real problems in Ghana. While this might sound exciting, but the thing is setting up a business is where most people get stuck. Between the paperwork, bureaucracy, and not knowing where to start, it can feel like you are running in circles before even making your first sale. Looking for simple ways to get your brand off the ground and set up a business in Ghana ? Here’s a guide for you.
#1 Register Your Business with the Registrar General’s Department
This is your first official step in registering your business and making it legal, so you get the protection of the law. You will need to choose your business structure (like sole ownership, partnership, limited liability company, etc.), get a business name, and fill out some forms.
Our tip would be to go for a Limited Liability Company (LLC) if you want to separate your personal finances from your business. It offers flexibility and is ideal for scaling in the future. Besides, the RGD has an online portal now, so it saves you the long queues too.
#2 Open a Business Bank Account
Once you are registered, open a business bank account. This is where your customers will pay you and where you will manage expenses. Keeping your personal and business finances separate helps you stay organized. Major banks in Ghana like Ecobank and Fidelity offer SME-friendly account packages, and some even have advisory services to guide you through the business journey.
#3 Get a Tax Identification Number (TIN) and Register with the GRA
Escaping tax is illegal, so you might as well adopt a proactive approach to filing taxes. Every business in Ghana needs a TIN and must register with the Ghana Revenue Authority (GRA), as this allows you to legally pay your taxes (VAT, income tax, etc.) and operate without issues. Once you are in the GRA system, they will help you understand your tax obligations. Always remember that ignoring taxes can cost you big time later, so don’t skip this.
#4 Set Up Social Media and Online Presence
As of January 2025, Ghana registered 7.95 social media users. Let’s be real: If your business isn’t online, it’s almost invisible. Ghana’s digital space is booming, and even roadside businesses are getting orders through Facebook, WhatsApp, or Instagram. Create a business page, list your services or products, and engage with your customers. It’s one of the cheapest ways to advertise and grow fast, especially if you are just starting out with a small budget.
Source: https://www.statista.com/statistics/1171445/number-of-social-media-users-ghana/
#5 Get Any Required Licenses and Permits
Depending on your business type, and the investment opportunities in Ghana that you are choosing, you may need special licenses, like a food safety permit, tourism license, or FDA registration. So, make sure you check with your local assembly or relevant authority. Operating without the right license can lead to fines or even being shut down, so it’s better to do the permit-related stuff early than deal with drama later.
Want to invest in Ghana and set up a business? Start with the Honorary Consulate of the Republic of Ghana today!