{"id":1090813,"date":"2022-05-17T21:29:27","date_gmt":"2022-05-17T21:29:27","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/05\/17\/i-lost-one-million-cedis-in-business-investment-the-us-based-ghanaian\/"},"modified":"2022-05-17T21:29:27","modified_gmt":"2022-05-17T21:29:27","slug":"i-lost-one-million-cedis-in-business-investment-the-us-based-ghanaian","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/05\/17\/i-lost-one-million-cedis-in-business-investment-the-us-based-ghanaian\/","title":{"rendered":"I lost one million cedis in business investment – the US based Ghanaian"},"content":{"rendered":"

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US-based Ghanaian businessman Prince Kwame has disclosed that he lost a million Ghana cedis in the wine business.<\/p>\n

In a chat on SVTV Africa, Prince mentioned that he created two different companies, but they both failed eventually. According to him, the consumers were the problem.<\/p>\n

\u201c| spoke to some celebrities, and they told me that I should have disclosed my identity as the CEO. I should have used a white person instead. I sponsored a lot of musicians, but they were all a waste.<\/p>\n

Besides Kwame\u2019s wine business, he set up a vodka business thriving in the USA but failed in Ghana.\u00a0<\/p>\n

\u201cAn artist who owns a club around Osu told me to bring him 20 cartons of my vodka, and it took him three years to pay Ghs21k worth of drinks. He also offered to help me sell the drinks, but I\u2019d have to pay about GHs70k first,\u201d he told DJ Nyaami.<\/p>\n

Moreover, Prince added that the import taxes were another reason his businesses collapsed. According to Kwame, he has given up on starting a business in Ghana again.\u00a0<\/p>\n

\u201cBack then, I would encourage my friends abroad to come and invest in Ghana for our future generations but not anymore. They support our business here than in Africa,\u201d he added.\u00a0<\/p>\n

Kindly watch the full interview on YouTube: SVTV Africa <\/p>\n

Content created and supplied by: SVTV (via Opera
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\nGhanaian
\nKwame
\nOsu
\nSVTV Africa
\nUS
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US-based Ghanaian businessman Prince Kwame has disclosed that he lost a million Ghana cedis in the wine business. In a chat on SVTV Africa, Prince mentioned that he created two different companies, but they both failed eventually. According to him, the consumers were the problem. \u201c| spoke to some celebrities, and they told me that […]<\/p>\n","protected":false},"author":1,"featured_media":1090814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[964,2009,1457,1750,913,1202,290],"class_list":["post-1090813","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-based","tag-business","tag-cedis","tag-ghanaian","tag-investment","tag-lost","tag-million"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1090813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1090813"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1090813\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1090813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1090813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1090813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}