Real estate in Ghana offers all investors the confidence to invest due to the overall economic growth in Ghana. A lot of developers continue to develop properties because they envision the long-term returns on their investments.
In the minister’s own words, he said “Mr. Speaker, in partnership with the private sector, we will commence the establishment of a National Rental Assistance Scheme (NRAS), with a seed of GH¢100 million”.
While buying a house in Ghana could be challenging due to lack of cash, it could also be easy and flexible due to the various mortgages and home loans available to everyone. For instance buying a house in some of the big cities in Ghana: Accra, Kumasi and Takoradi, is very expensive and you need a lump sum of money to own house in these cities mentioned above.
The Ghana real estate industry is generally growing as a result of economic stability, the influx of diaspora Ghanaians and foreign homebuyers, and the movement of people to urban areas. It would be right to say that Ghana’s outlook is encouraging, especially when compared with some other West African countries in the subject market.