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High luxury real estate prices in Ghana will come down!

Comment: THE WRITER IS A DREAMER

Author:
gogomi
Date:
2015-10-18 17:31:30
Comment to:
High luxury real estate prices in Ghana will come


The expatriate - or lets say, the imaginary middle-class in Ghana are just a bunch of international drug-dealers, agents of corrupt foreign investors, money launderers and corrupt political exiles. These are the kind of characters that present the mirage of success to the 'real estate' industry.

They will certainly not want to invest in the lower end of the estate development business because they will not be able to turn-around their ill-gotten capital fast enough to make it meaningful or profitable. Greed and corruption is the name of the game and actually, on a normal day, these foreign investors are not interested in small economies who cannot even pay $180 million for their energy bills - well of course and unless there is a lot of elbow room for friendly corruption there too.

At any time that Ghana will be lucky to get an honest dedicated and visionary govt, these people will melt into oblivion like thin ice - and with it, the mirage of luxury apartments in a woefully under-developed economy. Looking at the boiling temperature of the masses, this should not be long in coming.

Readers should note that the name of the writer of the above article is Tsikata. Does that ring a bell?

This article is closed for comments.

10-18 16:44
 
 
 
THE WRITER IS A DREAMER
gogomi
10-18 17:31