Investment Tips
Affordable Housing: Helpful tips you should know
24 January 2026
Summary
Surv. Okyere Kwame Safo, a Department Head at AfriQassa Consult Limited, joins the discussion to explain Ghana’s housing gap and why many buyers get trapped in land and house transactions. He stresses the importance of consulting qualified professionals before paying for property, verifying the rightful owner to avoid multiple sales, and conducting reconnaissance checks on the land. The conversation also highlights why mortgages are difficult for many young people under current salary levels and defines affordable housing as spending no more than 30% of monthly income on rent or housing payments.
Key Takeaways
- Always consult a professional before buying land or a house
- Verify you are buying from the rightful owner (avoid buying “nothing”)
- Multiple sales and ownership disputes are common risks in Ghana
- Do reconnaissance/site checks before negotiations and payment
- Mortgages can be hard to access due to salary and down-payment requirements
- Renting may be more realistic for many young people than immediate ownership
- Affordable housing should not exceed 30% of monthly income
- Location and transport costs affect real affordability
- Rent advance abuse (1–2 years) remains a major barrier for renters