Why Look Beyond Accra for Real Estate Investment in Ghana
Accra remains Ghana’s most valuable real estate market, but demand has expanded far beyond the capital. Rising land prices, increased congestion, and the need for new growth corridors have pushed investors to explore the best cities for real estate investment in Ghana outside Accra. These cities—each with unique economic drivers, cultural importance, and infrastructural development—offer exceptional opportunities at more accessible price points.
The next wave of Ghana’s property growth is unfolding across the regions. And investors who recognize this shift early stand to benefit the most.
Overview of the Best Cities for Real Estate Investment in Ghana
The best cities for real estate investment in Ghana share several characteristics:
- Strong population growth
- Economic activity that stimulates rental demand
- Expanding road networks and infrastructure
- Steady land appreciation
- A thriving middle class
Cities like Kumasi, Tema, Takoradi, Tamale, Cape Coast, Ho, and Sunyani are emerging as powerful alternatives for buyers and developers.
Kumasi: One of the Best Cities for Real Estate Investment in Ghana
Kumasi is the second-largest city in Ghana and a major commercial powerhouse. With its strategic central location, vibrant trade ecosystem, and large urban population, Kumasi attracts continuous real estate demand.
This city is consistently ranked among the best cities for real estate investment in Ghana due to its blend of culture, commerce, and residential stability.
Top Investment Hotspots in Kumasi
Kumasi boasts numerous neighborhoods ideal for property development, including:
- Ahodwo – prime residential, high rental demand
- Asokwa – strong commercial growth
- Danyame – upscale properties and executive rentals
- Kwadaso – family-friendly estates and long-term appreciation
Each of these areas supports both buy-to-let and buy-to-live investors.
Business Expansion and Urbanization in Kumasi
Urban sprawl continues as businesses, schools, hospitals, and shopping centers grow across the city. The emergence of modern malls, improved road networks, and new commercial centers make Kumasi a magnet for real estate investment. Its strong local economy ensures sustained demand for housing.
Takoradi: A Leading Coastal City for Real Estate Investment in Ghana
Takoradi, together with Sekondi, forms one of Ghana’s fastest-growing coastal metropolitan areas. The discovery of petroleum in the Western Region boosted commercial activity, creating demand for residential and commercial real estate.
Investors view Takoradi as one of the best cities for real estate investment in Ghana because it blends coastal beauty with booming economic activity.
Best Neighborhoods to Invest in Takoradi
Key areas with high investment potential include:
- Chapel Hill – a top-tier residential area
- Anaji – middle-income estates with strong rental uptake
- Airport Ridge – premium neighborhood with expat demand
Short-term rentals and executive apartments perform especially well in Takoradi due to oil and gas activity.
Tema: One of the Best Cities for Real Estate Investment in Ghana for Industry and Logistics
Tema has long served as Ghana’s industrial backbone. With Tema Port, the Free Zones Area, and numerous manufacturing companies, the city offers unmatched commercial potential.
Tema’s planned layout, efficient road network, and large working population make it one of the most reliable and best cities for real estate investment in Ghana.
Investment Opportunities in Tema’s Residential and Commercial Markets
Tema provides consistent rental demand, especially from port workers and corporate employees. Top areas include:
- Tema Community 25
- Community 18
- Sakumono
Commercial investment opportunities include warehouses, logistics facilities, retail hubs, and office spaces.
Cape Coast: An Underrated City for Real Estate Investment in Ghana
Cape Coast combines tourism, education, and history—making it unique among the best cities for real estate investment in Ghana. As one of the country’s main educational hubs, student housing demand remains extremely strong.
The city also attracts vacationers, researchers, NGOs, and diasporans who appreciate its calm coastal lifestyle.
Best Places to Invest in Cape Coast
Promising locations include:
- Abura – prime residential
- Elmina corridor – tourism developments
- University surroundings – student rentals
Cape Coast’s real estate market is ripe for affordable estates, beachfront lodges, and private holiday homes.
Tamale: A Rapidly Growing Northern Hub for Real Estate Investment in Ghana
Tamale is one of the fastest-growing cities in West Africa. As the administrative and commercial center of the Northern Region, Tamale attracts NGOs, government staff, entrepreneurs, and students.
It is emerging as one of the most promising and best cities for real estate investment in Ghana outside Accra.
Investment Hotspots in Tamale
Popular areas include:
- Vittin – upscale residential appeal
- Education Ridge – rental-friendly, academic institutions nearby
- Lamashegu – expanding estates and long-term demand
Infrastructure improvements, such as road expansions, enhance its appeal.
Ho: A Peaceful and Emerging City with Great Real Estate Potential
Ho’s relaxed lifestyle, clean environment, and expanding administrative presence make it a strong contender for investment. With rising middle-class families and a growing expatriate presence, the city is ideal for residential estates and rental homes.
Why Ho Is Considered One of the Best Cities for Real Estate Investment in Ghana
Ho offers:
- Affordable land
- Low crime rates
- Expanding universities
- Steady population growth
It is well-positioned for retirement communities, modern estates, and hospitality projects.
Sunyani: A Clean, Organized City with Stable Investment Prospects
Sunyani stands out for its cleanliness, efficient administration, and organized layout. The city attracts steady rental demand from civil servants, university staff, and young professionals.
Investors appreciate Sunyani for its stability, consistency, and high-quality infrastructure.
Comparing the Best Cities for Real Estate Investment in Ghana Besides Accra
Each of the best cities for real estate investment in Ghana offers distinct strengths:
- Kumasi – commerce and population growth
- Tema – industrial and logistics dominance
- Takoradi – oil and gas-driven demand
- Cape Coast – tourism and education
- Tamale – rapid expansion and government presence
- Ho – peaceful lifestyle and affordability
- Sunyani – structured environment and steady growth
Investors can diversify across regions for a balanced portfolio.
Factors Influencing City-Specific Real Estate Investment Potential
To determine the best cities for real estate investment in Ghana, investors consider:
- Infrastructure quality
- Economic drivers
- Accessibility
- Rental market strength
- Land prices and appreciation trends
- Urban planning
Each city’s value is shaped by its economic and demographic trajectory.
Common Challenges When Investing Outside Accra
Despite strong opportunities, investors face some challenges, including:
- Land verification issues
- Uneven infrastructural growth
- Inconsistent development regulations
- Lower developer presence in some regions
Due diligence remains essential.
How to Choose the Best City for Your Real Estate Investment Goals
Selecting the best city depends on your investment priorities:
- High rental yield? Choose Tema, Kumasi, or Takoradi.
- Long-term appreciation? Choose Prampram, Tamale, or Ho.
- Tourism and beachfront? Choose Cape Coast or Sekondi-Takoradi.
- Low risk and stability? Choose Sunyani.
A clear strategy maximizes your returns.
Practical Steps for Buying Property in Ghana’s Top Investment Cities
Successful investing requires:
- Conducting title searches
- Verifying land ownership
- Reviewing zoning and planning documents
- Working with trusted developers and agents
- Confirming allocation at the Lands Commission
These steps protect your investment from risk.
Check out how to buy land safely in Ghana here.
Why the Best Cities for Real Estate Investment in Ghana Are Rising Fast
The best cities for real estate investment in Ghana besides Accra offer outstanding value, growth, and diversification potential. As demand expands across the regions, cities like Kumasi, Tema, Takoradi, Tamale, Cape Coast, Ho, and Sunyani provide investors with compelling opportunities at competitive entry costs.
The future of Ghana’s property market is regional—and early investors stand to benefit most.
Frequently Asked Questions (FAQs)
Which city is best for real estate investment in Ghana besides Accra?
Kumasi, Tema, Takoradi, Cape Coast, Sunyani, Ho, and Tamale stand out for strong rental demand and rising appreciation.
Is real estate profitable outside Accra?
Yes. Many cities offer lower entry costs and stronger long-term growth potential.
Is land cheaper outside Accra?
Significantly. Cities outside Accra provide better affordability and larger land sizes.
Which city has the highest rental demand?
Kumasi, Tema, and Takoradi rank highest for rental demand due to commerce, industry, and population growth.
Which city is best for retirement homes?
Ho, Sunyani, and Cape Coast offer peaceful living and affordable housing.