Buying property in Ghana, whether as an investment or for personal use, requires navigating the country's financing options. For an international investor, arranging financing can be more complex. This guide explores strategies and considerations for financing real estate purchases in Ghana as a foreign national. Overview of Financing Options in Ghana Several financing options exist for...
Development experts have requested district assemblies to enforce building regulations requiring the inclusion of green spaces in infrastructure development to reduce high levels of air, noise, and heat pollution. They say that enforcing compliance will provide clean air for urban dwellers, lead to a decrease in air pollution-related disease and reduce the health and economic burden on the government...
When applying for a loan to purchase property in Ghana, it is important to prepare all necessary financial documents. These documents may include proof of income, bank statements, tax returns, and other relevant financial records. Ensuring that all required documents are organised and readily available can help streamline the loan application process and increase the likelihood of approval. We will...
Real estate and construction companies operating in Nigeria have managed to secure loans amounting to N2.26 trillion within an eight-month period. These borrowed funds from various banks have been instrumental in expanding their service capabilities within the sector. According to PUNCH, these loans, procured between November 2022 and June 2023, have exhibited significant growth, surging from N1.90...
The biggest celebration of African lifestyle and property outside of the continent is back in London for its 7th year and will also take place in Accra, Ghana, this year, for the very first time. The Ghana Property & Lifestyle Expo (GPLE), the brainchild of real estate powerhouse duo Anna and Victoria Agyekum and founders of On Point Property Management Ltd, will take place in London at the Pestana...
Africa often flies under the radar for investors, but it's a promising frontier for those looking to make impressive returns on their investments. In today's investment landscape, it stands out as a unique opportunity. The continent's economic landscape is diverse, with nearly fifty countries, but many have undergone economic reforms that make them attractive for business. Despite challenges such as...
Global sovereign investments in Africa, such as the UK's $2 billion commitment to sustainable projects and the US's $200 billion through the Partnership for Global Infrastructure and Investment (PGII) initiative, are set to have a significant impact on the continent's real estate sector, according to global real estate consultancy Knight Frank. Knight Frank Africa report observed that over the past...
Tema, a prominent industrial and bustling port city in Ghana, has blossomed into a flourishing real estate market in recent times. With its advantageous coastal setting, robust economy, and continuous infrastructural enhancements, Tema presents compelling prospects for real estate enthusiasts. Why choose Tema's real estate scene for investment? Strategic Location: Tema enjoys an enviable position along...
Real estate experts have cautioned investors to take 'careful consideration' of cultural, regulatory and tax matters in the region before sinking billions in the sector. This, they said, will help investors to proactively structure their investment. The remarks were made during a meeting between TARRA Agility Africa, a boutique international tax, legal and accounting advisory firm, and the Kenya...
The Ghana Real Estate Developers Association (GREDA), the umbrella body of property developers, has bemoaned the influx of illicit money into the real-estate sector – describing it as alarming and with dire repercussions for the economy. With the banking sector having closed all the loopholes for money launderers, GREDA said the real estate sector – built or landed properties – is increasingly...