SHOWS OPPORTUNITIES FOR INVESTMENT
In the 2013 Africa Report by Knight Frank, a global real estate consultancy, Ghana’s residential market is identified as buoyant. In recent years, Ghana has shown signs of political stability and economic growth as a result of oil and cocoa production as well as mining, which have boosted business, trade and investment.
This has created a healthy environment for foreign property investors. Many new developments are being sold off-plan with the majority of the higher quality apartments purchased as investments to lease by Ghanaians. As the economy grows, the demand for quality residential and commercial properties will continue to rise. Statistics from the country’s Ministry of Water Resources, Works and Housing indicate a shortfall of 80 000 housing units per annum. The Ghanain economy is currently experiencing an influx of investors from the West, East and African sub- regions and demand for luxury residential and commercial buildings has been on the rise to meet the needs of high- earning individuals.