Sankofa Capital, a Philadelphia-based Real Estate Development Company and Jobomax Global, West Africa’s most trusted homebuilder, announced a joint venture pilot housing project in Ghana. The homes can be either owner-occupied residences or income generating investment properties, appealing to buyers in the historical and recent diaspora as well as those currently living in Ghana. A few years ago, I made my first investment property acquisition in Ghana but knew that I really wanted to be more than a passive player in the Accra market. Sankofa saw Jobomax’s experience of developing communities from the ground up in Guinea and Sierra Leone as a perfect addition to Sankofa’s boots on the ground experience in Ghana. Investing in the land of my forefathers is a personal mission for me. Jobomax’s know-how and experience getting it done in West Africa made them the ideal partner.
The Jobomax/Sankofa joint venture has already acquired land in Appolonia City, a master planned community in suburban Accra. The site offers a gated community, paved roads, water and electric service, and retail and other amenities to complement the homes. By adapting a Jobomax design for the Ghanain market, the project delivers homes in the mid-priced range sought by many diaspora members and investors. Financing for a term of up to ten years will be available to some buyers through Jobomax’s partnership with US-Africa Housing Finance. Ghana residents are encouraged to finance with local banks which offer both Cedi and USD financing.