8 Steps to Buying a house in Ghana

Buying a home in Ghana can be both exciting and overwhelming, especially for first-time buyers. With a growing real estate market and rising demand, understanding the process helps you avoid costly mistakes and make smart investment decisions.

Below is a practical 8-step guide to help you through the journey of purchasing property in Ghana.

Step 1: Determine Your Budget

Start by evaluating your income, savings, and financial obligations. Experts recommend that housing costs should not exceed 40% of monthly income. Decide whether to purchase outright or use a mortgage. Having clarity on budget and payment options will guide your property choices.

Step 2: Choose a Location

Select a location that aligns with your lifestyle and investment goals. Cities such as Accra, Tema, and Takoradi offer attractive real estate options. Consider factors like proximity to work, schools, healthcare, and amenities.

Step 3: Search for Properties

Once you’ve chosen your location, begin your search. Shortlist up to three property developers and compare them using a matrix that considers price, features, amenities, reputation, and payment plans. Online searches and recommendations can be a good starting point.

Step 4: Choose a Reputable Real Estate Company

Fraud and disputes are common in Ghana’s property market, making credibility vital. To reduce risk, check if the company is registered with the Ghana Real Estate Developers Association (GREDA), seek referrals from past buyers, and review online feedback.

Step 5: Inspect the Property

Before committing, inspect the property in person or with a professional surveyor. Pay attention to structural quality, building materials, finishing, security, and maintenance policies. This ensures what you see matches what is advertised.

Step 6: Negotiate the Price

Negotiation is common in Ghana’s real estate market. Discounts of 5–10% may be possible, especially for early or full payments. Evaluate offers not just on price but also on construction quality, developer reputation, and long-term appreciation potential.

Step 7: Due Diligence

Carry out thorough checks to avoid legal disputes. Verify land titles at the Lands Commission, confirm authenticity of land certificates or indentures, and request a formal offer letter outlining payment terms, delivery timelines, and penalties.

Step 8: Closing the Deal

Once due diligence is complete, finalize the purchase by reviewing and signing the purchase agreement. Ensure the document includes price, payment schedules, warranties, rights, obligations, and dispute resolution procedures. Always involve a lawyer for legal protection.