Can Foreigners Own Property In Ghana?

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Can Foreigners Own Property In Ghana?

Ghana is a country that has been known for its hospitality. Ghanaians are always welcoming and will be more than happy to help any tourists find their way around the country. However, foreigners have started to seek new opportunities by investing in real estate. As a result, foreigners may not be able to own property in Ghana if they’re not getting the support they need from their countries of origin. Here, I share the answer to this question and some important points about foreign ownership of property in Ghana.

 

What is foreign ownership in Ghana?

Foreign ownership in Ghana is the buying and selling of property that is not located within Ghana. In order to own property that is not located within Ghana, you must have approval from the country’s government. Foreigners who are allowed to own property in Ghana must also be able to prove they have the funds, connections, and expertise needed to invest in real estate.

 

Who is allowed to own property?

Ghanaian law is clear on this matter. The law states that foreigners can own property in Ghana but they must be able to provide proof that their country of origin will support them and their investments in Ghana. If a foreigner cannot provide such proof, he/she will not be allowed to own property in Ghana.

In order for foreign investors to obtain the necessary proof, they must have an embassy or consulate located in Ghana. Additionally, it is important for the investor to already own properties or funds outside of Ghana before purchasing property in the country as well as obtaining all necessary licensing and permits from the Ghanaian government.

 

What are the laws for foreigners owning property in Ghana?

According to the constitution of the Republic of Ghana, foreigners can own property in Ghana. However, if a foreigner is looking to buy a piece of property they need to get permission from their country’s central bank or embassy.

 

Conclusion

Ghana's Constitution states that foreigners are not allowed to own property in Ghana but the Constitution allows for foreign investment in Ghana. Foreigners can own property in Ghana if they find a local partner to do so with.