Ghana is experiencing rapid population growth, as well as a growing middle class, second only to Nigeria. It enjoys an abundance of natural resources and an advanced banking system, plus a relatively diverse economy and stable government.

Residential Market

New housing developments have catered toward foreign and local workers interested in higher-end urban properties, primarily large apartment complexes funded by foreign investors. The 27-story Villaggio Vista in Accra is Ghana’s tallest building.

Commercial Market

Accra Mall, opened in 2008, is Africa’s frst modern shopping mall and attracts nearly four million visitors each year. Its success led to the development of the West Hills Mall, also in Accra, and Kumasi City Mall in Ghana’s second largest city. More neighborhood retail centers are needed.

Accra’s One Airport Square, a pristine example of sustainable building, is considered the most prestigious corporate address in Ghana. Several major mixed-use developments are at various stages, including Accra Financial Centre, The Octagon, and The Exchange.

Repeatedly stalled construction on Hope City, a $10 billion high-tech hub outside Accra, began in June 2016, with a three year completion date. The six connected buildings include a 75-story tower, which would be Africa’s tallest.


Lack of reliable energy is the biggest infrastructure challenge in Ghana. The government’s efforts to more than double its power generation capacity have created major FDI opportunities. Roads are another top priority. In Ghana, road density is similar to China, but Ghana’s spending on its roads is substantially lower (1.5 percent of GDP versus 9 percent in China).

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.


About Global Perspectives

Global Perspectives in Real Estate is a resource for global professionals, aimed at helping them globalize their local markets. Produced bi-monthly, this newsletter serves as a how-to guide and is full of useful and actionable tips. A free subscription is given to all Certified International Property Specialists (CIPS) designees.

Learn more about earning the CIPS designation