Why the Ghanaian Diaspora Is Investing Back Home And Why Now’s the Moment

For many Ghanaians abroad, something is calling them home.

It’s more than nostalgia. It’s bigger than memories of childhood summers or aunties’ Sunday stews. What’s pulling people back now is a growing sense that Ghana isn’t just home, it’s the future.

Over the last few years, the connection between Ghana and its diaspora has deepened. Campaigns like The Year of Return didn’t just fill flights and hotel rooms, they lit a spark. From New York to London to Toronto, Ghanaians asked: What more could I do back home?

The answer, it turns out, is a lot.

Ghana’s government has opened the doors wide, seeing the diaspora not just as visiting guests but as partners, a vital part of the nation’s next chapter. Campaigns like the 2019 Year of Return, which marked 400 years since the first enslaved Africans arrived in Virginia, brought over 1.5 million visitors to Ghana and injected nearly $1.9 billion into the economy.

The influx had an immediate impact: visitor numbers jumped by 45% between January and September 2019 compared to the year before, and cultural events like Afrochella created hundreds of jobs for locals and returnees alike.

The momentum continued with Beyond the Return, a 10-year initiative aimed at transforming cultural reconnection into business, investment, and long-term growth. The message is landing, and the diaspora is responding.

From tech startups to tourism, and especially real estate, diasporans are starting to make bold moves. The country’s skyline is changing, and many of those laying the bricks, signing the deals, and pouring the concrete are doing so from thousands of miles away.

Take real estate, for example. From quiet neighbourhoods in East Legon to ambitious gated communities in the hills, a new wave of developments is reshaping Accra and beyond. These aren’t just new houses being built; they’re homes designed with the diaspora in mind. Think smart-home features, reliable security, peaceful surroundings, and everything wired and ready for modern living.

That’s exactly what we set out to do at The Barracks, a 24-unit gated community in East Legon built for locals, returnees and investors alike. It’s not just about bricks and walls, it’s about belonging. With energy-efficient homes, digital-ready features, and even a student internship programme that trains young Ghanaians in construction, we’re building something that looks forward while staying rooted in local growth.

Of course, it’s not just real estate. The energy in Ghana is shifting. From festivals and fashion shows to entrepreneurship and infrastructure, there’s a creative and economic buzz that’s hard to ignore. New roads, digital hubs, business parks, lifestyle centres, the country is steadily building the future it wants, and it’s inviting its global family to help shape it.

Ghana received over $4.6 billion in remittances in 2023, the second-highest in West Africa. The government has introduced NRG (Non-Resident Ghanaian) banking accounts and simplified visa processes. Meanwhile, the private sector is building faster and smarter, making the landscape even more welcoming for returnees and investors.

In short, the Ghanaian diaspora is no longer on the outside looking in. You’re helping shape what’s next. The opportunity isn’t just to return, it’s to invest, to belong, and to build. And honestly, there’s never been a better time. While many countries feel uncertain or unpredictable, Ghana is gaining momentum, and we’re here to welcome those ready to be part of that progress.

This shift isn’t just happening in policy rooms or on festival stages. It is unfolding on the ground. Across Accra, new communities are quietly rising, not as isolated projects, but as part of something bigger. In East Legon, we’re proud that The Barracks is becoming one of them.

But this is about more than buildings. It is about belief. A sense of return. Of coming home with purpose. Our founder, Eli, spent years abroad before returning with a clear mission. This is to build something that speaks directly to the diaspora. Not just homes, but a future.

Alongside a solid local team, he has poured that vision into every inch of this development. Shaped by experience, driven by care, and rooted in something deeper than concrete.

Right now, we’re offering a limited number of two-bedroom apartments for sale. If your curiosity just sat up a little straighter, you can always reach out to us at Sales@TheBarracksGh.com. No pressure, but let’s just say your future neighbour might already be reading this too.

The door is open, and the foundations are waiting. Some have already found their place. Others are still searching. But for those ready to come home and mean it, this is where the story begins.

Turning Your New House Into Home

Transforming a newly purchased house into a beautiful home haven involves a blend of personalization, functionality, and aesthetics. Here’s a concise guide to get you started, tailored to creating a cozy, stylish, and practical living space:

1. Assess and Plan

  • Evaluate the Space: Walk through your home and note what works (e.g., natural light, layout) and what needs improvement (e.g., outdated fixtures, lack of storage). Consider structural changes like removing walls or updating flooring, but prioritize based on budget and impact.
  • Set a Vision: Define your style—modern, bohemian, minimalist, rustic, etc. Browse platforms like Pinterest or Houzz for inspiration. Create a mood board with colors, textures, and furniture ideas.
  • Budget Wisely: Allocate funds for essentials (e.g., repairs, furniture) and non-essentials (e.g., decor). A rough guide: 50% for structural/furniture, 30% for aesthetics, 20% for unexpected costs.
  • Timeline: Break the project into phases (e.g., immediate fixes, long-term upgrades) to avoid overwhelm.

2. Prioritize Key Areas

  • Living Room: Make it inviting with a comfortable sofa, a coffee table, and layered lighting (ambient, task, accent). Add personal touches like family photos or art.
  • Kitchen: Upgrade appliances if needed, add a backsplash for style, and ensure ample storage with organizers. A fresh coat of paint or new cabinet handles can make a big difference.
  • Bedroom: Invest in a quality mattress and bedding for comfort. Use calming colors (e.g., soft blues, neutrals) and add blackout curtains for better sleep.
  • Bathroom: Refresh with new fixtures, a stylish mirror, or re-grouting tiles. Add storage for toiletries and plush towels for a spa-like feel.

3. Make It Functional

  • Storage Solutions: Use built-in shelves, under-bed storage, or multi-functional furniture (e.g., ottomans with storage) to maximize space.
  • Lighting: Combine overhead lights, floor lamps, and dimmable options to create ambiance. Smart lighting systems can add convenience.
  • Flow and Layout: Arrange furniture to encourage conversation and easy movement. Avoid cluttering rooms—less is often more.

4. Add Personal Touches

  • Color Palette: Choose 2–3 main colors and 1–2 accent shades. Neutrals are timeless, but pops of color (e.g., throw pillows, rugs) add personality.
  • Textures and Layers: Mix materials like wood, metal, and textiles (e.g., wool throws, linen curtains) for warmth and depth.
  • Plants and Greenery: Indoor plants like monstera or snake plants purify air and add life. Consider low-maintenance options if you’re not a green thumb.
  • Art and Decor: Hang meaningful artwork, create a gallery wall, or display sentimental items. DIY projects, like painting a thrifted frame, can save money.

5. Focus on Comfort and Ambiance

  • Scent: Use candles, diffusers, or air fresheners with calming scents like lavender or eucalyptus.
  • Textiles: Soft rugs, cozy blankets, and cushions make spaces inviting. Opt for durable, easy-to-clean fabrics if you have kids or pets.
  • Smart Home Features: Consider smart thermostats, speakers, or security systems for convenience and peace of mind.

6. Tackle Big Projects Gradually

  • Renovations: If budget allows, update flooring, repaint walls, or remodel outdated bathrooms/kitchens. Hire professionals for complex tasks like electrical or plumbing work.
  • Energy Efficiency: Insulate walls, seal windows, or install energy-efficient appliances to save on utilities and enhance comfort.
  • Outdoor Space: Don’t neglect the exterior—add potted plants, outdoor seating, or string lights to create a welcoming patio or garden.

7. Incorporate Sustainable Practices

  • Use eco-friendly paints (low VOC), repurpose second-hand furniture, or shop from sustainable brands. Solar-powered outdoor lights or water-saving fixtures are great additions.
  • Donate or recycle items from the previous owner instead of discarding them.

8. Involve Your Household

  • If you live with others, include them in decisions to ensure the space reflects everyone’s needs. For example, create a kid-friendly zone or a quiet workspace for remote work.

Tips for Success

  • Start Small: Focus on one room at a time to avoid feeling overwhelmed.
  • Mix High and Low: Splurge on key pieces (e.g., a sofa) but save on decor from thrift stores or budget retailers.
  • Maintenance: Regularly clean and declutter to keep your haven fresh and inviting.
  • Evolve Over Time: Your home doesn’t need to be perfect right away. Let it grow with your tastes and lifestyle.

 

A Comprehensive Guide to Buying a Home in Ghana

Purchasing a home in Ghana is an exciting but complex process that requires careful planning, due diligence, and an understanding of the Ghanaian real estate landscape. Whether you’re a Ghanaian resident, a member of the diaspora, or a foreign investor, navigating the home-buying process in Ghana involves several key steps. This article outlines the essential processes to help you successfully acquire a property in Ghana.

1. Define Your Goals and Budget

  • Purpose: Are you buying a home for personal use, investment, or rental purposes? Your goal will influence the type of property and location you choose.
  • Budget: Determine how much you can afford, factoring in the cost of the property, legal fees, taxes, and other associated costs (e.g., renovations or furnishing).
  • Financing: Decide whether you’ll pay cash or seek a mortgage. Mortgages in Ghana require stable income, down payments (20-30%), and come with high interest rates.

2. Research the Market

  • Location: Consider areas like Accra, Tema, Kumasi, and Takoradi based on access and amenities.
  • Property Types: Choose from houses, apartments, townhouses, or land.
  • Market Trends: Use sites like meqasa.com or consult agents to monitor pricing and trends.
  • Foreign Ownership: Foreigners can only lease (up to 50 years). Legal advice is essential.

3. Engage Professionals

  • Real Estate Agent: Find a licensed, trustworthy agent (e.g., via GREDA).
  • Lawyer: A real estate lawyer will verify title and draft contracts.
  • Surveyor: Confirm boundaries and match them to documents.

4. Search for a Property

  • Online Platforms: Use meqasa.com, lamudi.com.gh, and others.
  • Physical Visits: Inspect properties and assess the neighborhood.
  • Developer Projects: Check reputation and previous work.

5. Conduct Due Diligence

  • Title Search: Verify ownership through the Lands Commission.
  • Land Litigation Check: Ensure the land is free of disputes.
  • Documentation: Check site plan, title certificate, indenture.
  • Zoning & Permits: Confirm building permits and zoning compliance.

6. Negotiate and Make an Offer

  • Price Negotiation: Work with your agent to make an informed offer.
  • Payment Terms: Agree terms, especially for off-plan or installment plans.
  • Letter of Intent: A non-binding offer that shows commitment.

7. Sign a Sales Agreement

  • Draft the Agreement: Your lawyer will create the contract.
  • Deposit: Usually 10-20% of purchase price.
  • Conditions: Include refund and contingency clauses.

8. Secure Financing (If Applicable)

  • Application: Submit necessary documents to the bank.
  • Approval Process: Prepare for financial scrutiny.
  • Disbursement: Funds are sent directly to the seller or developer.

9. Finalize the Purchase

  • Final Payment: Settle balance as agreed.
  • Transfer of Ownership: Register deed of assignment with Lands Commission.
  • Stamp Duty and Taxes: Pay all fees and taxes (e.g., 0.5-1% stamp duty).

10. Register the Property

  • Lands Commission: Submit deed, site plan, and other documents.
  • Title Certificate: Issued after successful registration.
  • Local Authority Permits: For renovation or development.

11. Take Possession

  • Handover: Final inspection and transfer from seller/developer.
  • Utilities: Connect electricity (ECG), water (GWCL), internet, etc.

12. Post-Purchase Considerations

  • Maintenance: Budget for upkeep.
  • Insurance: Protect your property from risks.
  • Community Integration: Engage with neighbors or associations.

Challenges and Tips

  • Land Disputes: Always verify documents before paying.
  • Fraud: Avoid cash payments and unknown sellers/agents.
  • Patience: Allow time for registration and legal processes.
  • Cultural Nuances: Respect customary practices like “drink money.”

Conclusion

Buying a home in Ghana requires careful planning, professional assistance, and thorough due diligence. By following these steps, you can navigate the real estate market with confidence and secure your ideal property for a prosperous future.

Ghana: The New Holiday Destination and Its Transformative Impact on Real Estate in 2025

In recent years, Ghana has emerged as a vibrant holiday destination, drawing global attention with its rich cultural heritage, stunning coastlines, and dynamic urban centers. Bolstered by initiatives like “Destination Ghana” and a booming tourism sector aiming for 2 million international visitors by 2025, the country is experiencing a renaissance that extends beyond its beaches and cultural landmarks.
This surge in tourism is reshaping Ghana’s real estate market, creating unprecedented opportunities for investors, developers, and homebuyers. From coastal vacation homes to tech-smart urban apartments, the ripple effects of Ghana’s tourism boom are driving innovation, investment, and growth in the property sector.

Ghana’s Rise as a Holiday Hotspot

Ghana’s appeal as a holiday destination lies in its unique blend of cultural vibrancy, natural beauty, and political stability. The country’s coastal regions, particularly in Cape Coast, Takoradi, and the Volta Region, offer pristine beaches and historical sites like Cape Coast Castle, a UNESCO World Heritage site.
Inland attractions like Kakum National Park’s canopy walkway and Kumasi’s Manhyia Palace Museum captivate tourists. The government’s “Destination Ghana” initiative has modernized tourism infrastructure, with upgrades to facilities like the National Museum and new coastal resorts.

In 2023, Ghana welcomed 500,000 tourists in the first half alone. New international routes such as Virgin Atlantic’s Heathrow-to-Accra flight (starting 2025) are expected to help achieve the 2 million visitor target.
The “Year of Return” campaign (2019) also attracted the African diaspora. Events like AfroFuture and Detty December have transformed Accra into a cultural and entertainment hub.

The Real Estate Boom: Coastal and Urban Impacts

1. Surge in Demand for Vacation Homes and Short-Term Rentals

Ghana’s coastal towns—Takoradi, Cape Coast, Axim—are experiencing a surge in demand for vacation homes and short-term rentals. With higher occupancy and yields, beachfront homes in areas like Beach Road and Chapel Hill in Takoradi are seeing 10–15% price increases.
Airbnb’s growth in Accra reflects a strong market, with gross yields reaching 19.3–22%.

Investments in coastal infrastructure (healthcare, resorts, roads) are making these areas attractive to high-net-worth and diaspora buyers. The Volta Region, noted for eco-tourism, welcomed over 44,000 visitors in 2022, further driving sustainable property demand.

2. Urban Real Estate Growth in Accra and Kumasi

Accra and Kumasi are seeing sharp urban real estate growth. Foreign buyers make up 30% of high-end purchases in Accra. In 2025, homes in East Legon and Cantonments range from $450,000 to $600,000—a 20–25% rise from 2020. Kumasi’s market is growing 8% annually, driven by middle-class housing and suburban expansion.

Events like Detty December and expos such as the Ghana Property & Lifestyle Expo 2024 are fueling investment in serviced apartments and mixed-use developments across major cities.

3. Technology and Sustainability Driving Innovation

Ghana’s property market is embracing digital and eco-friendly innovations. VR property tours (selling homes 31% faster), smart homes, and solar energy are now commonplace. With 68.2% internet penetration, tech-savvy diaspora and international investors can explore and buy properties remotely.

Government digitization of land records reduces fraud and accelerates transactions, while infrastructure upgrades (e.g., Accra-Tema Motorway) further boost real estate growth.

4. Foreign Investment and Economic Growth

Ghana’s 5.8% GDP growth forecast for 2025, plus political stability, is attracting foreign direct investment (FDI), which rose 18% in real estate in 2024. Foreign investors (U.S., U.K., China) are developing high-end apartments, smart estates, and leisure properties.

The diaspora is a key driver, supported by platforms like Seso Global that simplify property investment. Upscale communities and green resorts are flourishing, enhancing Ghana’s real estate brand.

Challenges and Opportunities

High inflation (23.8% in 2024) and construction costs are raising property prices. Accra alone has a housing deficit of 300,000 units. The NHMF aims to bridge this gap, but luxury housing still dominates. Mortgage rates (30.25%) are steep, limiting access to homeownership.

However, infrastructure investments—like the Accra-Takoradi railway—are boosting peripheral property values. REITs and fractional ownership models are making investment more inclusive. Developers who prioritize affordability, sustainability, and vacation properties are likely to see strong returns.

Conclusion: A Bright Future for Ghana’s Real Estate

Ghana’s emergence as a top-tier holiday destination is catalyzing a real estate transformation. From luxury coastal villas to tech-forward city apartments, tourism is driving unprecedented demand. Despite challenges, the opportunities—especially in eco-living, diaspora investment, and digitized property systems—position Ghana as one of Africa’s most dynamic real estate markets in 2025 and beyond.

Top African countries for real estate investment

Africa often flies under the radar for investors, but it’s a promising frontier for those looking to make impressive returns on their investments. In today’s investment landscape, it stands out as a unique opportunity.

The continent’s economic landscape is diverse, with nearly fifty countries, but many have undergone economic reforms that make them attractive for business. Despite challenges such as corruption and transparency issues, Africa provides returns on investment that are hard to find elsewhere. In the first decade of this century, African countries delivered impressive annual returns of 14%, outperforming many emerging markets. Africa’s wealth lies in its abundant farmland and natural resources, which will only become more valuable as the global population continues to grow. With rising wages in Asia, Africa remains the last frontier of low-wage labor globally, making it a prime candidate for developing its manufacturing sector. Plus, its strategic location near North America and Europe enhances its appeal. It’s essential to note that Africa’s diversity also extends to varying levels of risk, with some regions prospering while others struggle with corruption and instability.

In this context, six African nations shine as promising opportunities for investors seeking outstanding returns. These opportunities are waiting for those who recognize Africa’s potential and want to take advantage of them, creating profitable investments in the 21st century.

1. Nigeria

Nigerian real estate emerges as a compelling investment opportunity driven by robust growth. In 2022, the sector contributed over N28 trillion to the nation’s GDP, a testament to its economic significance. Forecasts anticipate structural reforms and consolidation of key agencies, simplifying housing development and ownership processes. Major growth hubs in 2023 encompass Lagos, Port Harcourt, Uyo, and others, with a focus on affordable housing and agro-tech development.

Investors in Nigerian real estate stand to benefit from a burgeoning market poised for expansion. As the sector thrives, the potential for returns grows, driven by urban renewal, job creation, and strategic investments. Despite challenges like production cost spikes, opportunities abound for investors seeking high-growth markets in Africa, making Nigerian real estate a shrewd choice.

2. Kenya

 

Kenya’s thriving real estate sector, fueled by robust infrastructure development, rapid urbanization, economic recovery post-COVID-19, and rising investor confidence, presents a compelling investment prospect. Representing 13.8% of the nation’s GDP, this sector reflects remarkable growth, positioning Kenya as a global real estate hotspot.

Looking ahead to 2024, Kenya’s real estate market promises continued expansion. Commercially, office spaces and warehousing are in high demand, with a growing preference for serviced offices and international standards. Strategic relocations of industrial parks cater to increased import-export activities. With a soaring population and an annual housing deficit of 200,000 units, the residential market, particularly in rentals, offers immense potential. Kenya’s dynamic real estate landscape offers investors resilience, growth, and opportunities, making it a shrewd choice in the African real estate arena.

 
3. Ghana

Investing in Ghanaian real estate is a wise decision backed by stability and growth. Ghana’s impressive Fragile State Index score of 63 underscores its commitment to democracy and the rule of law, fostering a stable political environment ideal for investors. Furthermore, the government’s effective economic policies have bolstered currency stability and reduced inflation, establishing a favorable climate for property investors and businesses alike.

Ghana’s real estate market offers compelling rental yields, ranging from 19.3% to 22.0%, ensuring attractive returns for investors. Additionally, the anticipated 74.7% inflation increase over the next five years (according to the IMF) positions real estate as a hedge against economic instability, driving capital appreciation and higher rental income. For foreign investors, the devaluation of the Ghanaian Cedi presents an opportune moment to enter the market, with favorable exchange rates making properties more affordable and rental income more rewarding in their home currency. In summary, investing in Ghanaian real estate combines stability, growth, and attractive returns—an astute choice in Africa’s flourishing property landscape.

4. South Africa

Cape Town, South Africa

Investing in South African real estate is a strategic move, driven by several key factors. Urbanization continues to draw more people to cities, boosting the demand for well-located urban properties. Moreover, the rapid rise of smart homes, expected to be a $31.41 billion market by 2033, offers an innovative edge. Sustainable and eco-friendly building practices are also gaining ground, creating fresh investment prospects.

South Africa’s real estate landscape is undergoing a digital transformation. Virtual property tours and blockchain-based real estate tokenization are revolutionizing property transactions. Cities are even selling “sky rights” as they expand upward. However, embracing cryptocurrency as part of real estate transactions remains a challenge. These insights, combined with data, paint a compelling picture for smart investment in South African real estate.

5. Morocco

Investing in Moroccan real estate is a savvy choice, given the country’s stability, with a Fragile State Index of 70.1, and its anticipated economic growth, projected at 3% in 2023 and 3.1% in 2024. This stability, alongside a growing population, ensures a steady demand for housing, making Morocco an attractive destination for property investors. While rental yields range from 3.1% to 5.8%, indicating moderate income, the forecasted inflation rate of 12.0% over the next 5 years suggests potential property value appreciation, making early investments strategic.

Morocco’s real estate market offers an enticing proposition, driven by its economic resilience and the recovery of its robust tourism sector. Tourist arrivals and revenues have rebounded significantly, aligned with the government’s initiatives to attract more visitors, aiming for 17.5 million arrivals and the creation of 200,000 new jobs by 2026. As the country continues to thrive economically and as a tourist destination, Moroccan real estate emerges as a compelling opportunity for investors seeking stability and long-term returns in North Africa.

6. Rwanda

Rwanda’s real estate sector is an alluring investment opportunity, underpinned by robust statistics. The nation’s 9.2% Q1:2023 GDP growth, particularly in the services sector, underscores its economic vitality. In real estate, Q1:2023 witnessed a remarkable 9.0% growth, showcasing its potential as one of Rwanda’s fastest-growing sectors. Factors driving this progress include increasing urbanization, rising demand for housing and commercial spaces, and the government’s investments in infrastructure.

Investing in Rwandan real estate aligns with a transformative growth story. The statistics reveal a sector on the rise, bolstered by urbanization, population growth, and infrastructure development. With an anticipated decline in inflation and a strong middle class seeking quality spaces, Rwanda offers a strategic landscape for real estate investment, providing potential for attractive returns. This opportunity arises within a politically stable environment, showcasing Rwanda’s vision for economic prosperity through real estate development.

about us

Diaspora Homes Ghana Limited is a Ghanaian family-run boutique builder committed to creating homes that blend tradition with modernity.

Newsletter

Get latest news & updates

© 2025 – The Barracks. All rights reserved.

Carefully crafted by Oprima Services