Demand for commercial property is on the rise in Accra due in part to Ghana’s burgeoning oil industry. The average retail rent in Accra increased by 50 percent over the past year to about $5.60/sf, compared to $2.88/sf in Namibia and $7.43/sf in Lagos, according to Bloomberg (quoting a Broll report). There are about 1 million square feet of retail space in the Ghanaian capital with plans to build an additional 1.1 million square feet.

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Last Updated on December 1, 2013 by Ramin Seddiq