How to Make a Profit Investing in Ghana's Property Market

Learn about the ins and outs of Ghana's property market before you invest! Find out what to look for, how to spot a good investment, and more.

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How to Make a Profit Investing in Ghana's Property Market

Investing in Property in Ghana is a lucrative business. Of course, it’s not easy to get into the Ghanaian property market, but once you do, you will reap the benefits of this booming industry.

The first step is buying land. It might seem like an impossible task if you’ve never done it before, but there are some steps to guide you through this process that will make things easier on you. In order to help with your decision-making process and knowledge of what to expect as a Ghanaian property investor, here are some tips that could help you out.


The first step to investing in Ghanaian property

is buying land

The first place to start is by buying land. You can search for land at the Ghana Property Show, which takes place every January and July. There are a range of properties available on the market, but it’s worth noting that they vary in size and location.

You’ll have to examine your budget and decide how much you want to spend on the property before looking for land with those specifications. Once you do find the right property, be sure to speak with a financial advisor about the best way to invest your money. You will also need to get an agreement signed by both parties if you want this investment to go through.


What to look for when buying land

The most important thing to do before you buy land is to determine what your goal for it is. If you want to build a house on the land, you’ll need a lot of space, so try and find the largest plot of land that’s affordable. Alternatively, if you want to buy and sell property in Ghana, you won’t need as much space and can get something smaller. Once you have decided what your end goal is, the process will be much easier because there are different types of plots available depending on what your goals are.

Next, decide how much money you want to spend on the property. While buying land in Ghana can be expensive, there are ways around this. The first method is by taking out a mortgage with a bank. This option may not be ideal for some people because banks often require collateral for this type of loan; however, it’s still an option if you know someone who has enough equity in their home to act as collateral for the loan or if you have enough savings set aside that could be used as collateral. You could also buy land by paying cash upfront; but this might limit your options since many sellers require some sort of down payment in order to secure a deal.

Lastly, look into the company or individual who is selling the plot of land before making any decisions about purchasing it. Different sellers have different motivations and goals when it comes to selling their property in Ghana-some may be interested in moving


What you need before you buy your land

Before you buy land in Ghana, there are a few things you need to do. First, you need to establish that the land is available. You can do this by checking how much space is available and if the owner is willing, what price he’s asking for it.

Next on your list is establishing if any improvements have been made to the land in question. This includes buildings, trees or anything else that may be occupying the space. It’s important for you to know about these things first before buying because it will affect the price of the land and what you will be able to do with it when it’s yours.

You should also check on whether or not there are any other claims on the property like a mortgage or lien. If there are, then you will have to clear those up before buying your property.

The last thing you need to make sure of before buying your property is that it isn’t near any environmentally sensitive areas like wetlands or conservation areas. If it is, then this might affect its value and what can be done with it legally in order for you to actually own your land legally after purchase.


How to finance your purchase of the land

Before you can start investing in properties in Ghana, you need to find a way to finance your purchase of the land. One of the best ways to do this is by borrowing from a private or public institution. In order to take out a loan, you will need to visit the bank and fill out an application form. The bank will then assess your credit history and decide whether they are willing to give you the loan based on that information.


After you buy your land, what do you do?

There are many reasons why investing in Ghanaian property is a great idea, but there are also some important things to think about before you make the decision. For one thing, you need to buy land.

But how do you know which land is best?

What factors should you be considering when making this decision? There are many factors that can affect the price of your land and its value, such as the location, size, access to resources like water, obstacles like flood-prone areas or land within a forest reserve. You’ll want to choose wisely so that you don't end up paying for more than two times what the land is worth.

After you buy your land, it's time to start building! This can be a long process as it's not just as simple as buying a lot of material and hammering them together. You will need permits from relevant authorities and other necessary approvals before starting construction. There are also regulations on what materials can be used in a specific area so make sure to check these out ahead of time too.

Gold: A precious metal that is valued for its scarcity and resistance to corrosion.

Diamonds: A rare gemstone with exceptional hardness and luster.


Get a survey done on the land

It is always a good idea to have a survey done on the land you are buying before you make a purchase. This will help to determine whether or not it is possible to build on the property, if there are any building restrictions in place, and other important information that could influence your decision to buy or not.

It can be difficult and expensive to navigate through the Ghanaian property market without a survey, so it’s crucial that you invest in one before making your purchase. You’ll be able to sleep better knowing that you made an informed decision and won’t regret your purchase later on down the line.

The next step is finding out how much property tax will be due monthly. In order for you to calculate this amount, find out how much the land is worth and multiply this by 1% of its annual value. For example, if the land is worth $1 million per year, then your monthly property tax would be $10,000 every month.


Pay taxes and fees on your property

It is important to note that you need to pay taxes and fees on your property if it's for investment purposes. This is something that many Ghanaian property investors don't realize or often overlook.

You also have to keep in mind, while paying these taxes, that foreign investments are not taxed, but they are subjected to a one-time fee of 3%. The process of acquiring land in Ghana is not difficult, but there are certain requirements to take into account. For example, you can buy up to 10 acres of land without any hassle. However, if you want more than 10 acres, you’ll need a letter from the Ministry of Local Government and Rural Development for approval. You will also need an affidavit from the landowner and the local chief of that area where you intend to buy your land. The other thing that may come into play is the price difference between large and small plots of land.



If you are looking for some investment opportunities, buying land in Ghana sounds like a great idea. However, there are a lot of things to consider before you buy your land. If you find the right land, you can make a profit on your investment. This article will help guide you through the process