Anna Agyekum, Director and Co-founder of On Point Property Management Ltd., has described Ghana’s property market as a key opportunity for building generational wealth.
She made the statement at the launch of the 2024 Ghana Property and Lifestyle Expo held at the residence of the British High Commissioner in Accra.
The Expo, organized by On Point Property Management Ltd., aims to connect investors with opportunities in Ghana’s growing real estate sector. Since its inception in 2017, the event has showcased Ghana’s real estate market to global investors, including the diaspora.
This year’s edition will span three continents, starting in Washington D.C., continuing in London, and concluding in Accra on December 16-17, 2024. The event provides a platform for participants to explore property investments, ranging from luxury developments to short-term rentals and Airbnb properties.
Ghana’s political stability, economic growth, and thriving tourism sector have contributed to increased demand for real estate. Over one million tourists, mainly from the United States and the United Kingdom, visit Ghana annually, driving demand for urban housing and luxury properties.
The Accra edition of the Expo will feature exhibitors such as Goldkey Properties, Clifton Homes, Devtraco Group, Access Bank Ghana PLC, and the Ghana Bar Association. Investors will have the opportunity to engage with real estate developers, financial institutions, and industry experts to explore trusted investment opportunities.
Victoria Agyekum, Co-founder of On Point Property Management Ltd., said the Expo provides a “one-stop platform” for investors to access insights into Ghana’s property market and network with trusted professionals.
The Ghana Property and Lifestyle Expo has established itself as a leading platform for promoting real estate investment in Ghana and attracting international interest.
Ghana’s real estate market has been experiencing significant growth, with projections indicating a market volume of US$513.30 billion in 2024 and an expected annual growth rate of 3.53% from 2024 to 2029, reaching approximately US$610.60 billion by 2029.
This growth is driven by various factors, including urbanization, economic development, and increased demand for residential and commercial properties. Prime locations such as Cantonments and Airport City in Accra are particularly attractive for high-end real estate investments.
However, challenges such as high construction costs, land acquisition difficulties, and limited access to long-term financing persist in the market. Despite these obstacles, the sector continues to offer lucrative opportunities for investors, especially in addressing the housing deficit and meeting the demand for quality residential and commercial spaces.
