I’m 21, live in Vienna, Austria and my boyfriend is from Ghana. We’ve spend last christmas there and I think the country is wonderful and it might be a good idea to invest there. I study tourism industrie and hotel management and I could see myself living in Ghana and running a small hotel there. I’ve visited Cape Coast and I really liked the place. Property prices a still low, 4000-6000 $ can buy you a nice parcel near the beach and I’m wondering if I should invest my savings and buy a piece of land there. Has anybody done something like that and what would be your advice?

 

  • PepsiLime 5:04 am on March 11, 2010

    Look on the internet to see what is out there for information on Ghana and investing in it.

    I’ve pasted a link to yahoo about investing in Ghana for you (for some reason I’m having trouble opening up any of the specific links I’ve found).

  • Barbzzz37 5:05 am on March 11, 2010

    Hi,

    I like the idea, but think you’ll have some trouble since you’re not Ghanaian. You’d definitely have to enlist the help of your Ghanaian boyfriend. First off, real property is not bought, but long term leased (99 years), and the process is exceptionally tedious.

    When you are "leasing" property, you usually have to get the approval of the local chief and the local traditional council. If you get that approval (which naturally takes some, ahem, "consideration"), you have to have the property demarcated, surveyed, registered with lands department in the region or area you’re in.

    Cape Coast is a beautiful area, and the idea of a hotel or restaurant is wonderful. If you do plan to pursue it, you’d have to be here to get the ball rolling and likely live here to oversee the whole process.

    Good luck.

    Barb, who lives in Ghana

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