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Where are the best places to invest in Ghana right now? Is Accra still the top pick, or are cities like Kumasi, Takoradi, and Tamale gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the country. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Ghana and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Wa's Bamahu area is gaining interest for its affordable housing and growth potential in real estate
Wa's Bamahu area is catching eyes for its affordable housing and growth potential in real estate.
With a significant population increase in the Wa West District from 2010 to 2021, there's a clear need for more homes. This growth isn't just about numbers; it's about the buzz of new families and individuals looking for a place to settle.
Wa Municipality, closely tied to Bamahu, is seeing a lot of action with urban expansion. It's not just people moving in; it's about new roads and better services popping up, making the area a real contender for real estate development. The Ghanaian government is also throwing in support with infrastructure investments, even if Bamahu-specific projects aren't highlighted.
Ghana's real estate market is on the up, with rising property values and a trend of investments. This makes Bamahu a potential hotspot for affordable housing, drawing in developers and buyers who are on the hunt for budget-friendly options.
There's plenty of land available in Wa Municipality, which is a big plus for new housing projects. This availability means developers have room to create and innovate, offering more choices for potential homeowners.
Sources: City Population, MDPI, CaixaBank Research
2) Koforidua's Effiduase area is gaining interest for its affordable land and future development potential
Effiduase in Koforidua is becoming a hotspot for property buyers due to its affordable land prices.
While exact figures aren't available, the 2024-2027 Budget Preparation Guidelines for Ghana suggest that certain areas in Koforidua, like Effiduase, offer budget-friendly options. This makes it a more attractive choice compared to pricier regions.
Ghana's economy is on an upward trajectory, with the IMF forecasting growth rates of 2.8% in 2024 and 4.4% in 2025. This economic upswing is expected to spur infrastructure development, potentially benefiting Effiduase with new roads, schools, and facilities.
The country's population has grown by 12% over the past five years, and this trend is likely to continue. As more people seek homes, Effiduase could see a rise in housing demand, making it a promising area for future development.
Effiduase's appeal is further enhanced by its potential for growth, driven by both economic and demographic factors. As the economy strengthens, the area could become even more attractive to those looking for affordable property options.
With these factors in play, Effiduase stands out as a viable choice for buyers seeking affordability and potential growth in Koforidua.
Sources: 2024-2027 Budget Preparation Guidelines, The Africanvestor
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Ghana versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Tamale's Vittin area is gaining attention for its expanding infrastructure and affordable land prices
The Vittin area in Tamale is gaining attention for its expanding urban infrastructure and affordable land prices.
People are drawn to Tamale because it's a gateway to the Sahel region, and the real estate market has been growing since 2023. This growth is making Vittin more appealing, especially with the city's strategic location.
Investments in urban infrastructure are transforming Tamale. With a population nearing 294,000 and a growth rate of 3.5%, the city is expanding to meet residents' needs. Vittin is part of this expansion, attracting buyers and investors.
Vittin stands out for its affordable land compared to other areas in Tamale. Past market analyses show rising demand and promising returns on investment, making Vittin a potential hotspot for real estate enthusiasts.
For those considering property investment, Vittin offers a unique opportunity. Its competitive land prices and ongoing urban development make it an attractive option.
Sources: Evolution of Tamale's Real Estate Market, Tamale Urban Profile, REITs and Real Estate Trends
4) Kumasi's Ahodwo neighborhood is gaining interest for its rising property values and closeness to commercial centers
Ahodwo in Kumasi is gaining attention for its rising property values and strategic location.
In recent years, property prices in Ahodwo have seen a notable increase, driven by a surge in demand for both residential and commercial spaces. This trend is expected to continue, with experts predicting a 5% to 10% rise in property prices by 2025. The neighborhood's appeal lies in its proximity to major commercial centers and business districts, making it a prime spot for investment.
Ahodwo's excellent connectivity to the city center is a major draw for both residents and businesses. The area benefits from ongoing infrastructure projects, like road expansions and public transport improvements, which enhance its accessibility. This makes Ahodwo even more desirable for those looking to invest in property.
The neighborhood is also home to a range of amenities, including schools, hospitals, and shopping centers, which add to its charm. These facilities not only improve the quality of life for residents but also attract investors seeking high returns. As a result, there's been a rise in the construction of high-end residential and commercial properties, further boosting Ahodwo's popularity.
Real estate agencies and media outlets frequently highlight Ahodwo as a top investment location, emphasizing its growth potential and strategic advantages. This has solidified its reputation as a hotspot for property investment.
Sources: Vaal, The Greens Ghana, The Africanvestor
5) Ho's Ho Bankoe neighborhood is attracting investors with its strategic location and enhanced amenities
Ho Bankoe is quickly becoming a hotspot for investors, and it's no wonder why.
The neighborhood is seeing a surge in infrastructure development, thanks to initiatives by the Ho Municipal Assembly. New office buildings, market facilities, and healthcare centers are popping up, making the area more livable and attractive. These projects are not just about aesthetics; they are about creating a vibrant community that draws people in.
Beyond infrastructure, the local government is focused on enhancing basic amenities like roads and industrial parks. These improvements aim to boost the local economy and make the area more appealing to investors. The presence of new businesses and services, such as markets and taxi ranks, adds to the neighborhood's growing charm.
Transportation is another major advantage for Ho Bankoe. With improved roads and public transportation, the neighborhood is becoming more connected to major cities. This enhanced accessibility is a significant draw for both residents and businesses, making it a convenient location for investment.
Investors are particularly interested in Ho Bankoe due to its strategic location and the ongoing improvements in amenities. The neighborhood's transformation is not just about physical changes; it's about creating a thriving community that offers opportunities for growth and development.
As the area continues to evolve, it's clear that Ho Bankoe is on the rise, attracting attention from those looking to invest in a promising location. The combination of infrastructure, amenities, and connectivity makes it a compelling choice for anyone considering property investment.
Sources: MoFEP, CNBC Africa
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6) Bolgatanga's Zuarungu neighborhood is gaining interest for its affordable property prices and development potential
In recent years, Zuarungu in Bolgatanga has become a hotspot for property buyers due to its low prices and development potential.
The Ghanaian Government's "My Home, My Peace" initiative is a key driver, aiming to make housing more affordable by significantly reducing development costs. This is part of a larger effort to tackle the housing shortage, which was once estimated at 1.8 million units. The plan to build 14,000 new homes in phases is a major step toward meeting this demand.
Infrastructure improvements by the Bolgatanga East District Assembly are also making waves. They're building new offices and enhancing transportation links, which boosts the area's appeal to residents and developers. The SHEP Project is connecting more of the district to the national grid, a significant advantage for future growth.
The local government is focused on improving living standards, aligning with real estate developers' interests. With property prices in Ghana expected to rise, Zuarungu offers affordable options for buyers and developers. The area's stable energy supply, supported by local fuel stations and a Bulk Oil Storage and Transport Company depot, further enhances its development potential.
For those looking to invest, Zuarungu's combination of low property prices and government-backed initiatives makes it a compelling choice. The area's accessibility and infrastructure improvements are drawing attention, making it a prime spot for future growth.
Sources: Bolgatanga East District Assembly Composite Budget 2022, Ghana Affordable Housing, Bolgatanga East District Assembly Composite Budget 2019
7) Cape Coast's Pedu neighborhood is gaining interest for its property appreciation potential and tourism development
Investors are increasingly drawn to Cape Coast's Pedu neighborhood, and it's no wonder why.
Property prices in Cape Coast are on the rise, indicating a growing demand for real estate in the area. This trend is a promising sign for those eyeing property appreciation. With more people interested in buying, the value of properties is likely to increase, making it a smart move for investors.
Tourism is booming in Cape Coast, with a noticeable uptick in visitors, especially from the US and Canada. In 2023, there was a 20% increase in tourist arrivals during certain periods, thanks to events organized by the Cape Coast Metropolitan Assembly. More tourists mean more business for local shops and a higher demand for places to stay, which can push property values up.
The government is also stepping up, investing in infrastructure to boost tourism in the Central Region. These improvements could make Pedu even more appealing to both tourists and investors. The development of new hotels and resorts in Cape Coast shows a growing interest in the area, even if specific data on Pedu isn't available.
Infrastructure upgrades are underway, with projects like on-street parking lanes and parking lots aimed at easing traffic and supporting commercial activities. These changes suggest a broader effort to make the area more livable and attractive, which is good news for property values.
Both foreign and local investors are snapping up properties in Pedu, highlighting its potential. While specific mentions of Pedu are limited, the overall interest in Cape Coast suggests that investors see opportunities here. The buzz around Cape Coast as a tourist hotspot is also drawing attention from investors.
Moreover, the rise in Airbnb and short-term rental listings in coastal areas could apply to Cape Coast, leading to increased property prices and investment. Real estate market analyses predicting growth in the region add to the confidence investors have in Cape Coast's future potential, including areas like Pedu.
Sources: Source 1, Source 2, Source 3, Source 4, Source 5
8) Takoradi's Anaji area is booming with property demand driven by the oil and gas industry
The Anaji area in Takoradi is booming, thanks to the oil and gas industry's impact on property demand.
With the influx of professionals and expatriates, property prices are climbing as more people move in for work. This demand is not just about homes; it's about creating a vibrant community where people want to live and invest.
Takoradi is seeing a wave of new real estate developments, including commercial hotspots like the Takoradi Mall. Opened in 2018, the mall is bustling with major tenants such as Shoprite and Stanbic IBTC, showing how attractive the area is for businesses looking to expand.
In Anaji, the oil and gas boom is also driving up rental yields, as professionals seek quality places to stay. Real estate agents are buzzing with increased inquiries and sales, a clear sign of a thriving market.
The government's infrastructure projects are another piece of the puzzle, supporting the oil and gas industry and boosting the area's economic growth. This makes Anaji a hot spot for both residential and commercial investments.
For anyone considering buying property in the country, Anaji offers a unique opportunity to tap into a market that's on the rise, fueled by the dynamic changes in the oil and gas sector.
Sources: Sekondi-Takoradi as an Oil City, Development: Takoradi Mall, Sekondi-Takoradi, Western Region, Ghana to Regain Momentum in 2025 as ECOWAS Gateway
We have made this infographic to give you a quick and clear snapshot of the property market in Ghana. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Sunyani's New Dormaa is gaining attention for its growing population and rising demand for residential properties
Sunyani's New Dormaa is quickly becoming a real estate hotspot.
With the population in Sunyani Municipality growing at 2.4% annually, more people are flocking to the area, creating a buzz in the housing market. New Dormaa, in particular, is seeing a surge in interest as it hosts 83% of the municipality's population, making it a prime location for residential properties.
As urbanization sweeps across Ghana, many are moving to cities like Sunyani for better opportunities, which is pushing up property prices. This trend is especially noticeable in New Dormaa, where the demand for homes is rising alongside the influx of new residents.
Economic growth in Ghana is another factor fueling the real estate boom. As the economy strengthens, more people are looking to invest in property, and New Dormaa is becoming a top choice due to its strategic location and growing community.
For those considering buying property, New Dormaa offers a promising investment opportunity. The area's increasing popularity and the broader urbanization trend suggest that property values are likely to continue climbing.
With its vibrant community and strategic location, New Dormaa is not just a place to live but a smart investment for the future. The combination of population growth and economic factors makes it a compelling choice for potential buyers.
Sources: Sunyani Composite Budget, Ghana Price Forecasts
10) Tema Community 25 is attracting interest with its affordable housing and fast-paced infrastructure development
Tema Community 25 is catching eyes for its affordable housing and fast-paced infrastructure growth.
Since 2023, this area has become a real estate hotspot, offering prime opportunities for affordable housing investments. Its strategic location and ongoing infrastructure improvements make it one of the most desirable communities in Greater Accra.
The government is a key player in this transformation. The Tema Metropolitan Assembly has rolled out programs to enhance basic infrastructure like roads, utilities, and social amenities. These initiatives aim to support a growing middle-income population and tackle traffic congestion on main roads. The Ministry of Works and Housing is also funding projects like the Kpone Affordable Housing Project to help reduce the nation’s housing deficit.
Road network expansion is a big part of the plan, with 703km paved and 417km unpaved to ease traffic. The addition of streetlights on major roads has made the area more appealing, and residents are noticing better living conditions and amenities.
Locals appreciate these changes, noting that the improved infrastructure has significantly enhanced their quality of life. The phased-out lighting program and streetlight installations have made the community safer and more attractive.
Sources: The Greens GH, Ministry of Finance and Economic Planning, Ghana Bound
11) East Legon in Accra is thriving with high rental yields and demand from expatriates and professionals
East Legon in Accra is a real estate hot spot thanks to its high rental yields and demand from expatriates and professionals.
In recent years, especially around 2023 and 2024, rental yields in East Legon have been impressively high, ranging from 7-9%. This makes it a prime location for investors seeking profitable returns. The area is a magnet for expatriates and professionals due to its modern infrastructure and upscale amenities.
East Legon offers a lifestyle that suits middle to upper-middle-class families, with high-end restaurants, shopping centers, and top-notch healthcare facilities. Its closeness to Kotoka International Airport is a big plus, especially for those who travel often or are in Ghana for short-term assignments.
The presence of multinational companies and NGOs in East Legon boosts its appeal. It's a business hub with organizations like Challenges Ghana and Newmont driving economic projects. This vibrant business scene attracts professionals who prefer living near their workplaces, which in turn fuels the demand for housing in the area.
East Legon’s real estate market thrives on its strategic location and the lifestyle it offers. The area is not just about convenience; it’s about living in a place that meets the needs of a modern, professional lifestyle. Proximity to work and leisure options makes it a top choice for many.
For anyone considering buying property in Ghana, East Legon stands out as a lucrative option. Its combination of high rental yields and strong demand from a professional demographic makes it a wise investment. Investors are drawn to its potential for profitable returns and the steady influx of expatriates and professionals.
Sources: Source 1, Source 2, Source 3
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12) Sekondi's Adiembra neighborhood is gaining attention for its proximity to the port and industrial activities
The Adiembra neighborhood in Sekondi is catching eyes because of its prime location near the Port of Takoradi and bustling industrial activities.
With the Port of Takoradi expanding, including new terminals for larger fuel tankers, productivity is set to rise, bringing more jobs and people to the area. This has led to a surge in demand for homes and hotels in Adiembra, especially from expatriates in the oil sector.
The government is also stepping up with infrastructure projects to improve access to the port, like better roads and energy supply. This makes Adiembra more attractive to businesses and residents. The presence of international oil companies has sparked more real estate and commercial investments, including malls and hotels, boosting the area's appeal.
Media buzz has spotlighted Adiembra as a rising star, pulling in more investors and residents. Demographic shifts show workers and families moving closer to job opportunities, adding to the neighborhood's allure.
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.