Property Prices in Ghana 2023

Index
Price to Income Ratio 131.89
Mortgage as Percentage of Income 1
Loan Affordability Index 2.03
Price to Rent Ratio – City Centre 8.91
Price to Rent Ratio – Outside of Centre 285.62
Gross Rental Yield (City Centre) 14.91
Gross Rental Yield (Outside of Centre) 2.65
country data (source The World Bank, 2021) 2
GDP Per Capita ($) 2
GDP Growth Rate 5.4
Population Growth Rate 0.26

Rent Per Month in Ghana

Apartment (1 bedroom) in City Centre 773.32$ 134.21$ – 1690.49$
Apartment (1 bedroom) Outside of Centre 112.62$ 46.07$ – 266.41$
Apartment (3 bedrooms) in City Centre 2316.73$ 1280.98$ – 3527.48$
Apartment (3 bedrooms) Outside of Centre 417.24$ 159.65$ – 1005.56$

Buy Apartment Price in Ghana

Price per Square Meter to Buy Apartment in City Centre 1294.48$ 704.79$ – 2056.66$
Price per Square Meter to Buy Apartment Outside of Centre 10317.13$ 7826.79$ – 12340.16$

Salaries And Financing in Ghana

Average Monthly Net Salary (After Tax) 225.49$ 2$ – 3$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 24.42$ 12$ – 32$

These data are based on 2774 entries in the past 19 months from 414 different contributors.

Last update: August 2023

Our data for each country is based on all entries from all cities in that country.

Property Prices in Ghana – 2023 Stats & 2024 Forecast

Housing costs are an important factor to consider for quality of life. Property and rental prices in Ghana are generally affordable compared to global standards.
According to statistics from respective sources, the average price per square meter of a property in a major city center is around 704$ – 2056$ and 7826$ – 12340$ outside urban areas. Rental prices for a one-bedroom apartment in a city center average 773.32$ per month.

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Property Prices Rates & Safety Index in Ghana