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All About The Emerging Ghana Real Estate Market
Ghana is an emerging economy. The country is prospering with a recently reevaluated currency, and expects to achieve a middle-income status by 2015. Prospects could not be brighter for potential investors. However, Ghana’s laws and bureaucracy have not kept up with its quickly growing economy. If you plan on purchasing land or property in Ghana as a foreign investor, it is highly recommended that you utilize the services of a local lawyer experienced with land issues.
Despite the recently launched Land Administration Project (LAP) this year, there are hundreds, if not thousands, of open land claim cases in Ghana. Discrepancies over land title registration is a regular problem and there are often multiple landowners with claims to a parcel. Not only should you work with a trusted local representative, but you should also obtain independent third-party confirmation that there are no outstanding claims on the property you plan to purchase.
There are two other important reasons for investing in local knowledge when it comes to real estate – procedural and cultural awareness. Building permit procedures can be difficult to navigate, especially for an outsider. Another consideration is whether or not the lands are Stool lands – this is land that traditionally belongs to a particular tribe or chief. Essentially, it belongs to the Stool or throne. Having a local advisor can be a major advantage when it comes to negotiations and cultural customs.
Despite these apparent deterrents to investment, the government of Ghana is taking the issue of land registry very seriously. A street naming project has been launched in the past year, along with the first Ghana Land Information Bank Directory – a project intended to register almost 120,000 hectares of land, therefore making it available not only for investment, but also reducing litigation claims. The government is also continuing to work closely with traditional Chiefs, who are custodians of approximately 80 percent of the land being surveyed.
Prices are going up in the capital, Accra, and so are land values. Rents are increasing rapidly, and so are incomes. That said, if you’re planning on building housing developments, keep in mind that while the economy and urban class salaries are growing, the financial sector’s mortgage system is not. You may want to consider financing availability before embarking on a major development.
There may be challenges, but they are being addressed by the Ghanaian government. With a market already bursting at the seams, it’s sure to explode once the constraints of bureaucracy and an old system have been cut away.
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Kaiser Chiefs – Never Miss A Beat – Drum Cover
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African Akuaba Slat Stool – Handmade in Ghana $109.95 Made in Ghana of non-endangered wood by talented local artisans…. |
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Ashanti Stool All Purpose $74.95 Handmade in Ghana of non-endangered cidrella wood…. |
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African Stool – Elephant Trunks – Handmade in Ghana $79.95 Handmade in Ghana of eco-friendly wood by master carver Kwesi Asante… |
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Ashanti Stool – Walking Style: For Sittin, Step, Foot Stool – Made In Ghana $79.95 Contemporary design, complements any decor. Sturdy construction. Exquisite finish… |
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Cedar and leather stool, ‘Colonial Throne’ $137.95 NOVICA, in association with National Geographic, offers thousands of limited edition and one-of-a-kind gifts, jewelry, and home decor treasures handmade by master artists and artisans throughout the world. Lithe and sturdy legs of cedar hold a leather seat embossed with detailed leafs, the piece reminiscent of furniture once favored during colonial times in Peru. Abel Rios replicates this stool wi… |
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Stool, ‘Chemu Lagoon’ $244.95 NOVICA, in association with National Geographic, offers thousands of limited edition and one-of-a-kind gifts, jewelry, and home decor treasures handmade by master artists and artisans throughout the world. Chemu Lagoon lies near Accra, Ghana’s capital, and its beauty proves impetus for this traditional throne by Nana Frimpong. The piece is carved by hand from local sese wood, its deep grain accent… |
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Rock Throne Drum Stool $24.99 360-Degrees Swivel Seat / Sturdy Chrome Plated Base and Rubberized Feet… |
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First Act GX050 Video Gaming Drum Seat $30.00 Feel like a real rock star with a specialized seat ideal for drumming / Sturdy black anodized steel / Adjustable Height… |
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Wood Throne ‘Ashanti Wisdom’ Ottoman (Ghana) $91.99 Wood throne ottoman is perfect for any room in your homeStool is carved of wood with finesseOttoman represents the virtues of patience and tolerance |
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Wood ‘Friend’ Throne (Ghana) $284.99 Handcrafted sculptures are a good addition to your home decorNana Frimpong completes this throne in the style of regal Ashanti thronesDecorative accessories are carved by hand from local sese wood |
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Wood ‘Regal Elephant’ Throne (Ghana) $185.99 Handcrafted sculpture is a good addition to your home decorNana Frimpong completes this ottoman with an elephant, symbolizing powerDecorative accessories are carved by hand from local sese wood |
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Wood ‘African Sun’ Throne (Ghana) $56.99 Sun rays surround an oval stool in a radiant design by Ghana’s Salihu Ibrahim. Inspired by traditional West African thrones, he transforms sese wood in to a handmade footstool. |
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Monkey Pod Wood Walnut Oil-finished Twist Stool (Thailand) $119.99 The beauty of this handcrafted wooden twist stool lies in its simplicity. Elegant one-quarter twists support this original piece, which can serve as an end table, display stand or stool for last-minute extra seating. |
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Tabouret 24-inch Metal Counter Stools (Set of 2) $74.99 Add a contemporary touch to your home decor with some Tabouret counter stoolsFurniture features a durable powdercoated finishMetal 24-inch stools come in a set of two |
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Tabouret 30-inch Metal Barstools (Set of 2) $98.99 Add a contemporary touch to your home decor with some Tabouret counter stoolsFurniture features a durable powdercoated finishMetal 30-inch stools come in a set of two |
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Ecco Adjustable Height Swivel Stool $133.99 This trendy pub stool is perfect for a counter or bar top as well as for a pub table. This stool can be easily adjusted. |
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Cosmopolitan Dark Brown Leather Counter Stools (Set of 2) $282.99 Cosmopolitan two-counter stool set is ideal for your home bar or other seating needsDark brown leather counter chairs bring comfort and class to any settingBarstools feature foam cushioning and elegant hardwood legs |
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Avalon Scroll-back Bar Stools (Set of 3) $118.49 Modernly classic scroll work decorates the back of these Avalon bar stools. This set comes with three (3) chairs ready to accent your bar area. |
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Chase 30-inch Bar Stools (Pack of 2) $166.99 Swivel seats and durable upholstery add comfort to these quality bar stools from Chase. These sturdy and stylish stools are also sure to impress every time you entertain. |
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Bronze Finish Adjustable Metal Swivel Counter Height Bar Stools (Set of 2) $88.99 These metal bar stools fit into almost any dining, bar, game room or kitchen decor. These stools have a 360-degree swivel design seat and come with extension rods to increase seat from 24 inches counter height or 29 inches bar stool height. |
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Wooden Hand-carved Walnut Oil Twist Stool (Thailand) $184.99 The splendor of this twisting side stool lies in its simplicity. Bold, yet gentle, rustic, yet refined, this stool is handcrafted from eco-friendly sustainable wood and can also be used as an end table, display stand or stool. |
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Adjustable Height Swivel Stool $109.99 Versatile swivel stool ideal for counters, bars and tablesStool features hydraulic lift chrome metal base and PVC seat upholsteryBar stool can be adjusted from 21 inches up to 31 inches height |
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Verona Cherry Padded-back Swivel 29 inches Pub Chair $101.99 Verona pub chair has a padded backSwivel stool showcases a cherry finishAdd a touch of style to your home decor with this bar furniture |
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Allison Espresso Finish 30-inch Swivel Barstool $118.99 Add a touch of Allison style to your kitchen with this bar-height stool. This dining room furniture is constructed of solid wood with a classic espresso finish and features a 360-degree swivel seat. |
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Deep Brown Adjustable Swivel Stool (Set of 2) $99.99 Set of two stools Finish: Chrome/deep brown Material: Steel, PVC, plywood |
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Salvador Saddle Back 24 inch Cherry Stool (Set of 2) $92.99 These Salvador stools features a saddle back design in a warm cherry finish. The clean and simple style makes these stools the perfect addition to any style. |
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24-inch Cherry Brown Bicast Leather Counter-height Saddle Bar Stools (Set of 2) $112.99 Add a contemporary touch to your kitchen or bar with this set of counter-height stools. These stools feature an espresso finish and leather upholstery. |
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Wasatch Burnt Red Leather Barstools (Set of 2) $254.99 Barstools showcase an attractive red leather to complement any decorRich, dark walnut leg finish completes the look for a touch of warmthThe seat rests 30 inches above the ground |
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Cosmopolitan Creme Leather Counter Stools (Set of 2) $251.99 Cosmopolitan two-counter stool set is ideal for your home bar or other seating needsCream leather counter chairs bring comfort and class to any settingBarstools feature foam cushioning and elegant hardwood legs |
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Belfast 24-inch Saddle Stool (Set of 2) $82.99 Update your decor with these unique Belfast Stools Stools are constructed of solid pine and rubberwood and expertly finished in deep black Each stool features shaker style legs and a comfortable, gently contoured seat |
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Hutto 30-inch Square Bar Stools (Set of 2) $101.01 The Hutto bar stools offer heavy-duty construction and a padded black vinyl cushion. These simple square black-on-black stools are perfect for any room in the house. |
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Avalon Double Cross-back Bar Stools (Set of 3) $115.99 A lovely X design highlights the back of each Avalon bar stool in this set. The chairs feature peat-colored microfiber seats for added comfort in your bar area. |
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Tabouret 24-inch Red Metal Counter Stools (Set of 2) $82.99 A contoured seat is featured on this set of two side chairs for comfort and style. This chair set comes in a red color with a powdercoat finish. |
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Parson Cherry with Peat Microfiber Counter Chair (Set of 2) $128.99 Dining chairs are a simple, yet stylish addition to your dining setDining furniture constructed of solid hardwood in cherry finishStools feature peat microfiber fabric |
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Villa Faux Leather Brown Counter Stool (Set of 2) $166.99 Set includes: Two chairs Materials: Faux leather, rubber wood Finish: Dark walnut |
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Ladderback 30-inch Barstool (Set of 2) $164.99 The hand-finished ladderback barstool features a classic design, perfectly matching any home decor. A carved spindle crosses this barstool, creating a comfortable and convenient footrest. |
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Saddle Seat 29-inch Barstools (Set of 2) $101.99 Functional and well-designedAn ideal update for your dining decorSet includes two counter stoolsConstructed of solid Asian hardwoods |
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Ale Black Hydraulic Bar Stool $44.05 The contemporary look and gentle wave design of this Ale bar stool gives any kitchen or home bar the perfect finishing touch. |
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North Canyon Polished Cherry Bar Stool (Set of 2) $96.99 Upgrade the look of any kitchen or recreation room with these classic bar stoolsFurniture is constructed of solid birch hardwood in a rich cherry finishNorth canyon stools are upholstered in espresso brown leatherette |
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Decor Swirl Print Wood Barstools (Set of 2) $139.99 These barstools combine modern appeal with classic construction. Made of Asian rubber wood and fashioned with a stylish, swirl-print cushion that runs the length of the back, these stools will perfect the look of your kitchen or dining room. |
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Tabouret 24-inch Black Metal Counter Stools (Set of 2) $80.99 Enrich your home decor with a set of Tabouret counter stoolsFurniture is made with cold rolled steel with a black finishSet of two 24-inch stools is perfect for any room in your home |
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Tabouret 30-inch Black Metal Bar Stools (Set of 2) $88.99 Enrich your home decor with a set of Tabouret bar stoolsFurniture is made with cold rolled steel with a black finishSet of two 30-inch stools is perfect for any room in your home |
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Verona Cherry Padded Back Swivel 24-inch Counter Height Chair $110.99 This Verona counter-height chair in a cherry finish is a sleek and stylish gift at a very comfortable price. |
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Black 30-inch Bicast Leather Counter-height Saddle Bar Stools (Set of 2) $136.99 These fine stools feature bi-cast leather upholstered tufted seat cushions. The cappuccino brown wood finish and black leather make these stools a handsome addition to your living space. |
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Silver Metal Counter Stools (Set of 2) $206.99 Add a touch of style to your decor with these steel counter stools. These stools feature non-marking foot glides and a contoured seat for style and comfort. |
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Klein Brown Leather Bar Stools (Set of 2) $209.99 The Klein leather bar stools will be a rich, contemporary addition to any entertainment or dining area. Your family and guests will love the look and feel of the adjustable backless air-lift swivel stools. |
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Modern Black Barstool $61.99 Enhances your home furniture collection with sleek, modern styleChair constructed of a sturdy ironware frameFinished in a versatile black hue with chromed accents |
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Fox Casual Adjustable Barstools (Set of 2) $198.99 Styish and Comfortable barstool. |
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Cosmopolitan Black Leather Counter Stools (Set of 2) $228.99 Cosmopolitan two-counter stool set is ideal for your home bar or other seating needsBlack leather counter chairs bring comfort and class to any settingBarstools feature foam cushioning and elegant hardwood legs |
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Contemporary White Leather Bar Stool $181.99 Drawing inspiration from geometry, this contemporary leather bar stool offers a modern update to your home decorBar furniture has a sturdily constructed wooden frameFurniture is comfortably padded with foam cushioning |
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York Faux-leather Nailhead Swivel Counter Stool (24 in. H) $73.99 Constructed with solid hardwood frameAvailable in your choice of an Espresso or Cherry finishBlack high-quality faux-leather upholstered seating |
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Dark Cherry Finish Swivel Barstools (Set of 2) $147.99 Create the relaxing atmosphere of an English pub in your own home with these barstoolsAttractive swivel barstools provide sturdy comfortFurniture boasts solid hardwood frames in a rich cherry finish |
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Milano Ivory Quilted Bonded Leather Bar Stool $172.99 Ivory bonded leather with unique diamond-stitched pattern creates a stylish bar stool that will be the envy of guests. This stool also features a beautiful espresso finish on the wooden legs. |