Housing prices in Accra are rising unevenly — MyJoyOnline
The residential real estate market in Accra, Ghana, is showing moderate but uneven growth in 2026: prices are rising more slowly in developed areas, while the pace is higher in zones of active construction. This is stated in a sponsored review by MyJoyOnline, which cites data from the Bank of Ghana, the Ghana Statistical Service and industry estimates.
Inflation and rates
According to the data cited in the publication, Ghana's economy grew by 6.4% in the first quarter of 2026. Average lending rates had fallen to 16.3% by April from 27.4%, while the Bank of Ghana kept its policy rate at 14% after a series of cuts.
Inflation, which stood at 3.2% in March, later accelerated: to 3.4% in April, 3.7% in May, 5.3% in June and 4.6% in July. The Bank of Ghana left its policy rate unchanged at its meetings in May and July. The article links rising inflation to food and fuel prices, and higher oil prices to the conflict in the Middle East.
Differences between districts
The authors of the review estimate nominal housing price growth in well-located areas of Accra at 5–8% per year, while real growth adjusted for inflation was approximately 2% in the year to January 2026. In the prestigious districts of Cantonments and Airport Residential, property prices rose by 5–8%, according to these estimates, while in East Legon and Spintex they increased by 8–12%.
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The highest rates — 12–18% in Ghanaian cedis — are cited in the publication for the actively expanding areas of Oyarifa, Pokuase and Oyiibi. In the western corridor near Weija-Gbawe, prices rose by 10–15%, according to the authors' estimate. Mid-priced townhouses in gated residential complexes were in the highest demand: if priced correctly, they sold within 30–75 days.
Prices and documents
The average price of apartments in Accra in the first half of 2026 was estimated at $1,330 per square metre, and that of houses at $960. The median price was about 12,000 cedis per square metre, while the average was about 25,000 cedis due to more expensive listings in prestigious districts. The price range was estimated from approximately 5,000 cedis in Adenta to 60,000 cedis in Cantonments.
The article also states that new-build properties cost 20–30% more than comparable secondary-market housing. Properties with properly documented ownership rights in sought-after districts, according to the review, sold within one to three months, while properties with document-related issues could remain on the market for at least six months and be sold at a 15–25% discount.
MyJoyOnline notes that Ghana has no single public database of actual sale prices. Therefore, the figures cited are estimates from different sources and may vary.
