Buying a house in Ghana

Ivandro1 · 2023-10-02T11:47:14+02:00

Explore mortgage options for foreigners in Ghana, including banks that lend to expatriates. Get practical advice for buying a house in Ghana.

Ivandro1 Member

Member since 12 April 2021

Ivandro1Member02 October 2023 09:47:14

Hi everyone.聽 I want to buy a house in Ghana.聽 I live in the UK and my wife is coming this year to join me. She is a Gabonese citizen but lived in Ghana for over 10 years. We want to move to Ghana in 10 years time. We want to ask for a mortgage in Ghana to buy a house. Can someone tell me if there is banks in Ghana that lend money for a mortgage to foreign people and which banks that would be great.

Any help would be very appreciated.

Thanks everyone

altairproperties7 New member

Member since 03 February 2023

altairproperties7New member02 October 2023 10:04:44

@Ivandro1 yes i do know of know of one. ***

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Moderated by Bhavna 2 years ago
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A.E.N FARMS New member

Member since 11 September 2023

A.E.N FARMSNew member02 October 2023 11:24:10

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Moderated by Bhavna 2 years ago
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Bhavna Team

Member since 01 June 2015

BhavnaTeam02 October 2023 16:34:53

42264

Hello everyone,

Please note that professional should not use the forum to promote their "commercial" services. Please share information that could be useful to the member.

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GuestPoster5388 Guest

GuestPoster5388Guest04 October 2023 22:19:32

Since you wrote that you want to move to Ghana in 10 years from now, my advice would be to buy a plot of land and have your house being built on it, provided you have a trustworthy person to oversee the building of your house.

I'm pretty sure that the amount of money you will have to spend on having your house being built in this way is substantiality less than the amount of money you would have to spend when buying an existing house and paying the mortgage fee over it for the coming 10 years (and maybe/likely for many years afterwards).

But again: You will need a trustworthy person to oversee the building of your house (I heard many stories of Ghanaians living abroad who trusted their family in taking care of building a house with the money they sent, only to found out that most/all of that money was used/waisted on other things than building the house).

Besides this, my guess is that it will be very difficult, if not impossible, to arrange for a mortgage in Ghana when both of you are not Ghanaian nationals, and neither of you are currently officially living in Ghana, unless you own trustworthy (almost) debt free property to act as security for such a mortgage.

Ivandro1 Member

Member since 12 April 2021

Ivandro1Member16 October 2023 23:17:12

@Robert Gr. Thank you very much for your advice.

sebastienpascal Active member

Member since 10 September 2023

sebastienpascalActive member07 November 2023 05:21:27

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