Owning your Ghana Home - 2009
By C.F. Prah - Cedezhomes Ltd
The current global market downtown and recession in many developed and developing markets such as South Africa has reduced choices in investing in countries such as Ghana.
Unfortunately, despite Africa being an innocent bystander in the global credit crunch crisis, we have all been hit in varying degrees particularly with finances in our pockets. One will be forgiven to say, we wait until the situation improves before investing back again in the property market in Ghana. Well, I'll say do so at your peril, for in 2 to 4 years time, Ghana will be one of the emerging markets for business in West Africa. With the discovery of large off-shore oil reserves of Tullow Ltd, drilling of Ghana petroleum is expected in early 2010 with a large oil industry for its 25 million people and other outside skilled staff.
The oil industry in Ghana will need locally trained as well as experts from abroad to assist in the smooth running and distribution for local and foreign markets.
Lack of housing in Accra is currently a growing problem with many completed houses still holding their value or increasing further by 8-10% each month in price. Renting is also getting very expensive with the average chamber and hall (with kitchen) with toilet facilities being GHc 60 per month and rising. General workers pay has remained but inflation has risen to 15% since the new Mills' administration came into power. Food stuffs at the local markets in Accra are getting more expensive for most with GHc 100 being the average spend every week to fortnight if they wish to survive. However average pay remains at approximately GHc 150 for blue colour workers.
With such difficulties, the new government may wish to address the housing crisis in due course but for investors and potential homeowners, this may be the best time to secure a Ghana property in Accra. Ghana's successful elections in 2008 has shown the world that democracy does work in Africa. There has been several blue chip companies now set up in Ghana such as Volvo, Porche, Mercedez, Toyota, Vodafone and others are doing well there.
For this reason, CedezHomes Ltd, a real estate developer aim to assist investors and potential homeowners with gaining an exclusive opportunity with us. Visit our website at http://www.cedezhomes.co.uk and contact us for a free consultation.
You will be glad you contacted us as we explain any questions you may have about your investment. We have offices in Ghana and UK and we are waiting for your call. www.cedezhomes.co.uk
The current global market downtown and recession in many developed and developing markets such as South Africa has reduced choices in investing in countries such as Ghana.
Unfortunately, despite Africa being an innocent bystander in the global credit crunch crisis, we have all been hit in varying degrees particularly with finances in our pockets. One will be forgiven to say, we wait until the situation improves before investing back again in the property market in Ghana. Well, I'll say do so at your peril, for in 2 to 4 years time, Ghana will be one of the emerging markets for business in West Africa. With the discovery of large off-shore oil reserves of Tullow Ltd, drilling of Ghana petroleum is expected in early 2010 with a large oil industry for its 25 million people and other outside skilled staff.
The oil industry in Ghana will need locally trained as well as experts from abroad to assist in the smooth running and distribution for local and foreign markets.
Lack of housing in Accra is currently a growing problem with many completed houses still holding their value or increasing further by 8-10% each month in price. Renting is also getting very expensive with the average chamber and hall (with kitchen) with toilet facilities being GHc 60 per month and rising. General workers pay has remained but inflation has risen to 15% since the new Mills' administration came into power. Food stuffs at the local markets in Accra are getting more expensive for most with GHc 100 being the average spend every week to fortnight if they wish to survive. However average pay remains at approximately GHc 150 for blue colour workers.
With such difficulties, the new government may wish to address the housing crisis in due course but for investors and potential homeowners, this may be the best time to secure a Ghana property in Accra. Ghana's successful elections in 2008 has shown the world that democracy does work in Africa. There has been several blue chip companies now set up in Ghana such as Volvo, Porche, Mercedez, Toyota, Vodafone and others are doing well there.
For this reason, CedezHomes Ltd, a real estate developer aim to assist investors and potential homeowners with gaining an exclusive opportunity with us. Visit our website at http://www.cedezhomes.co.uk and contact us for a free consultation.
You will be glad you contacted us as we explain any questions you may have about your investment. We have offices in Ghana and UK and we are waiting for your call. www.cedezhomes.co.uk
posted by cprah at 5:03 pm
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