ACE Money Transfer - Blog

Send money to Ghana online through ACE Money Transfer

How Ghanaian Entrepreneurs in Denmark Are Building Wealth Back Home

17 Apr 2025


Living in Denmark is a big opportunity. For many Ghanaians, it’s more than just earning money; it’s about building something lasting back in Ghana.

Ghanaian entrepreneurs in Denmark are doing just that. From smart business moves to wise money transfers, they use every chance to build wealth and support their families.

According to the World Bank, Ghana received over $4.7 billion in remittances in 2023. This shows the impact Ghanaians abroad are making on their home country’s economy.

Let’s explore how they’re doing it and how you can, too.

Clear Goals Lead to Smart Actions

Most successful entrepreneurs don’t start by chance. They begin with clear goals.

Some want to support their families. Others aim to build a house or start a business in Ghana.

When you know your goal, every decision becomes easier. You know why you’re saving, why you’re working late, and where your money should go.

That’s how real progress starts.

Small Businesses with Big Potential

Many Ghanaians in Denmark are opening small businesses.

These include:

  • African grocery shops
  • Catering services
  • Cleaning companies
  • Delivery or courier businesses

These ventures may start small, but they grow with time and effort.

The great part? Profits don’t just stay in Denmark. Many use the money to invest back home in homes or businesses in Ghana, creating jobs and long-term income for the investor.

If you plan to start or support a business in Ghana, the Ghana Investment Promotion Centre offers helpful guidance on laws, registration, and incentives available to diaspora investors.

Sending Money Home Smartly

It’s not just about earning. It’s about sending money home the right way.

High fees or slow services can delay your plans. That’s why many use online money transfer to Ghana from Denmark through trusted services like ACE Money Transfer.

You get low fees, fast service, and peace of mind. Sending money smartly makes a big difference, whether for business, family, or building a home.

Real Estate: A Popular Choice

Many Ghanaian expats choose real estate as their investment. Some buy land and build houses, while others invest in rental properties.

Why? Because the value of land and homes in Ghana is rising. It also creates a steady income if rented out.

The key is to work with reliable contacts in Ghana and avoid scams. Entrepreneurs often hire family members or trusted agents to manage these projects.

Strong Networks Make Things Easier

Business is not a solo journey. Most entrepreneurs succeed by joining networks.

In Denmark, many Ghanaians attend:

  • Local African trade events
  • Business networking groups
  • Cultural festivals

These help find clients, partners, or even business starting tips.

Staying connected with communities in Ghana also helps when launching projects back home.

Saving in the Right Places

Some keep money in cash. However, savvy entrepreneurs use banks in Denmark and Ghana.

Savings accounts help with tracking income and growing funds. Some even use digital banking tools to manage money between the two countries.

This helps plan better and avoids money being lost or misused.

Going Digital for Growth

Today’s entrepreneurs are tech-savvy. Many use:

  • Mobile apps to track money
  • Online platforms to run businesses
  • Social media for marketing in both countries

These tools help grow profits faster. They also make it easier to manage business activities across borders.

Creating Jobs for Loved Ones

Many Ghanaians in Denmark use their businesses to support family members financially. But others go a step further, they create job opportunities for them back home.

This might include hiring someone to manage a shop, farm, or building project.

It’s a smart way to build wealth while empowering others.

Giving Back to the Community

Wealth is not just about money. Many successful Ghanaian entrepreneurs in Denmark donate to schools, health centres, and charities in Ghana.

This creates social value and strengthens connections to home.

In return, these acts often bring respect, support, and even new business leads in their local areas.

Choosing the Right Money Transfer Service

To make all this possible, choosing the right money transfer service matters. With ACE Money Transfer, Ghanaians can instantly send money to Ghana from Denmark at great rates with no stress. It’s safe, affordable, and reliable.

This way, entrepreneurs can keep their projects running smoothly, no matter where they are.

Final Words

Ghanaian entrepreneurs in Denmark are doing something powerful.

They’re working hard, staying smart, and building strong futures for themselves and their families.

They’re not just sending money, they’re sending hopesupport, and opportunity.

You can do the same. With a clear goal, a brilliant plan, and the right tools, your journey in Denmark can help you build real wealth in Ghana.

Decide wisely. Sign up on ACE Money Transfer to send support back to your home country.

FAQs 

What type of businesses are most profitable for Ghanaians living abroad to start in Ghana?

Small-scale farming, rental property businesses, mini supermarkets, and mobile money ventures are among the most profitable for Ghanaian expats due to steady demand and lower startup costs.

How can I ensure my investments in Ghana are safe while I live in Denmark?

Always work with verified agents, use legal contracts, and communicate regularly. You can also assign a trusted family member or hire a professional manager to oversee the investment.

What are the tax rules in Denmark for income sent to Ghana?

Denmark may tax your global income, but money sent to family as remittances is not taxed in Ghana.

Can I get a business loan in Denmark as a Ghanaian migrant?

Yes, but you need proper residency documents, a clear business plan, and sometimes a guarantor. Some Danish banks and migrant-focused programs offer support for small businesses.

How can I build a partnership with someone in Ghana while living abroad?

To start, use video calls, social media, and trusted contacts. Write a partnership agreement and discuss responsibilities before sending money or signing deals.


Business & Finance

PREVNEXT
The Benefits of Offshore Bank Accounts for UK to Pakistan Business Transactions
Load Your Coins.ph Wallet from UK and Pay Locally in PH Using ACE
  • Categories
  • Country