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Ghana Property News: Real Estate Investment in West Africa

Property sales and investments in Ghana

Property & Real Estate Agents in Ghana

Welcome to our property finding service for buying, renting and selling villas and apartments in West Africa We are here to save you time and provide a hassle free way to locate properties for sale or rent. Our aim is simple - to make the West African property market easier for you! We provide a wide range of property services, including direct access to the best and most comprehensive West Africa property sales and rental sites on the Net. This is complemented with the leading sites available for estate agents, property sales, commercial property, mortgages and useful information to assist you in your West Africa property search.

The investment potential of Ghana across so many sectors is immeasurable, and with the government's increased commitment to economic development through progressive change one of the most exciting sectors is the real estate market in Ghana. Property investors have massive potential for long term profits particularly from the tourism rental and second home buying market. With Ghana celebrating its golden jubilee this year 1 million visitors are expected. In 2008 Ghana is hosting the African Nations Cup football tournament and now new mortgage products are available making property in Ghana even more affordable - all in all great profits are to be had investing in property in Ghana now and it has never been so easy!

Properties for Sale in Ghana, West Africa.

Ghana is a beautiful West African country whose stunning coastline faces the Gulf of Guinea and whose natural resources are incredibly rich and include reserves of gold and diamonds. Significant exploration by British companies has just begun as there is strong evidence that Ghana has substantial reserves of oil and natural gas too. The agricultural sector in Ghana which employs 60% of the population and provides 40% of the country's GDP is currently only operating at 20% of potential according to the Africa Development Bank, and so the opportunity for massive improvements in employment, productivity and profit across many sectors is immediately obvious.

Ghana already has double the per capita output of other West African countries and in 2003 they announced a five stage plan for serious, significant and far reaching economic change covering infrastructure development, modernization in agriculture, improved social services, good governance and private sector development.

Tourism Investment in Ghana

The potential in the Ghana tourism market is perhaps one of the most under explored yet incredibly attractive options. with its stunning coastline, excellent climate, game reserves, national parks, rivers, lakes and forests Ghana is a potential tourist goldmine. Excellent returns will be made by the property investors letting out to the tourism market, and profit will be made by those who buy off plan early and then resell on their housing units to the second home and retiree market who will gradually become aware of the beauty and potential in Ghana and who are looking for that dream home destination in the sun.

Currently the majority of opportunities for property investors in Ghana are in the capital city of Accra and its surrounding suburbs where suitable housing units can be let out for profit to local and international workers and residents. But it is the long term prospects in the real estate sector where interest is intensifying and substantial profits will be made.

West African Property Investments

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Under British colonial rule, it was called The Gold Coast, because of its immense gold deposits. It was named Ghana at independence in 1957, when it also became the first British African colony to gain independence. It is bordered by the Gulf of Guinea to the south, also bordering Cote dI'Voire (Ivory Coast) and Togo, and Burkina Faso to the north. Its capital is Accra.

Its total landmass of Ghana is about 238,500 square kilometres. Ghana contains plateaux, mountains, rivers, plains, and dams; with the Volta basin plateau rising like a saucer to a height of over 600 metres, and Mount Afadjato rising to over 880 metres at its peak.
The dams supply electricity to the country.

Ghana has tropical climate, with an average temperature of 800F or 270C. The terrain is punctuated by dense tropical rain forests, savannah grassland, and scrub farming land. The forests contain valuable trees, which include: camwood, ebony, silk cotton, and mahogany, and wildlife.

The Ghana economy is based on agriculture and industry. Corn, rice, taros, yams, cassava, plantains, sorghum, millet, cattle, coffee, fruits, palm oil and kernel, rubber, copra, cotton, kola nuts, and limes, are farmed for domestic and export purposes.

Ghana is the world's leading cocoa producer for domestic and export purposes.

Ghana industries include: cement, paper, chemicals, textiles, vehicle, aluminium, petroleum, and food processing complexes. Its dams also supply electricity to Togo, and the Republic of Benin; whilst it imports crude oil from Lybia and Nigeria for its petroleum refineries.

Other mineral deposits in Ghana include: diamonds, and bauxite; gold and diamond mining complete an impressive array of industries in the country. Gold is the principal export earner for ghana , closely followed by cocoa.

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