Ghanaian Businessman in Canada Regrets Moving Abroad
A Ghanaian businessman, Edward, has expressed deep regret about relocating to Canada, stating that the income he earned in Ghana far surpasses what he makes abroad. He plans to complete his studies in April and return to Ghana, although his family will remain in Canada.
Speaking on SVTV Africa’s Daily Hustle Worldwide Show with DJ Nyaami, Edward shared that he previously earned GHC 100,000 per week from multiple businesses in Ghana. In contrast, it would take him over two years abroad to make the same amount.
Edward resides in Saskatoon, Canada, a city known for its harsh winters. He noted that many Ghanaians are moving there due to job opportunities, with over 200 Ghanaians currently living in the area, including 140 students and 60 permanent residents.
Before relocating, Edward was a successful businessman and taxi driver in Accra. He pursued chartered accountancybut struggled to find employment, leading him to drive for Uber. Despite doing well in Ghana, his wife consistently urged him to move abroad for a better future. Eventually, he agreed, believing that studying abroad would allow him to travel freely between Ghana and Canada.
However, the reality abroad was different. He realized that expenses in Canada were extremely high, with rent for a four-bedroom apartment costing $1,500 per month, alongside additional bills and groceries.
Edward admits that although traveling abroad provides opportunities, it isn’t suitable for everyone. He advises young people to travel if they earn below GHC 15,000 per month. However, if one makes GHC 15,000 or more in Ghana, traveling abroad for financial gain may not be worth it.
He gave an example of his 26-year-old brother, who works multiple jobs in Canada and earns $5,000 per month. After deducting expenses, he saves $3,000 monthly. While this seems profitable, Edward argues that making money in Ghana is easier if one knows how to invest properly.
Edward believes Ghana offers immense business opportunities. He cited examples of people making substantial profits from ventures such as:
- Charcoal export: GHC 40,000 per shipment
- Cashew trading: Buying from the North and selling in Tema for cash
- Pepper farming: Profitable within 6-12 weeks
- Cassava farming: Triples investment in three harvests
- Makola food trading: GHC 15,000 profit per day
- Transport business: A single trotro makes GHC 2,200 per week
He also mentioned that many wealthy Ghanaians send their children abroad to study and return to manage family businesses, rather than staying abroad to hustle.
Edward strongly believes that Ghana is the best country for business. He emphasized that if someone has GHC 200,000 in savings, they would never consider traveling abroad for economic reasons. He personally knows people in Canada who struggle financially and even borrow money, proving that not everyone succeeds abroad.
In conclusion, Edward warns Ghanaians to carefully evaluate their financial situation before moving abroad. While some thrive overseas, others regret leaving behind lucrative opportunities in Ghana.
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