Property Investor information: Ghana
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Property Investor information for: Ghana
It's a reasonably safe bet that Ghana doesn't immediately spring to mind for most property investors. However, when you look further into what Ghana has to offer, you will see that it deserves a position on anybody's short-list.
Much of the attraction of comes from its tropical location, and political stability that most other African nations can only dream of. Ghana has a legacy as the center of the gold, ivory, and slave trade during the 17th and 18th centuries, when the mighty Ashanti Empire held sway here. Much of the heritage of these times is still there to be seen. A popular example is El Mina Castle where the slave dungeons still exist and you can still see the ominous signs directing slaves to the Caribbean and American bound ships.
Ghana also possesses some wonderful natural attractions. These include one of the best game reserves in West Africa, a multitude of great beaches, and Lake Volta. The damming of the Volta created this enormous Lake which is also the site of Kujani National Park, though Ghana's best-known park is Mole, located in the north.
The beautiful coastal areas remain mostly undeveloped. This is due to the system of land ownership by local chiefs. It is expected that the government will seek to change this in the near future opening up the possibility of development on prime beachfront locations. In the meantime, most available property is in the capital City of Accra and its suburbs.
Property prices remain very low with three bedroom properties on large plots costing as little as £27,000. The inflow of expatriates and second home owners has been increasing steadily over the years, but Ghana remains relatively undiscovered. As the country becomes increasingly popular and the prospect of coastal development is realized, Ghana should start to find itself closer to the top of the list.
