Ghana rental yields by neighborhood — what we actually see in 2026

The numbers below are not survey data. They are the realised gross yields across our managed portfolio for the trailing twelve months ending February 2026. We are publishing them because the yield ranges quoted in most agency literature are aspirational, not actual.

Method, briefly

Gross yield is annualised rent received divided by the price paid at acquisition, before management fee, repairs, ground rent, and tax. Net yields run two to three percentage points lower. We hold around 60 units across the regions covered below; sample sizes per neighbourhood are small in some cases, and we have noted them.

Greater Accra

East Legon — 7.8% gross (n=14)

The most-asked-about neighbourhood, the most-overpriced, and still the easiest to rent. Yields have compressed every year since 2022 as acquisition prices have risen faster than rents. East Legon makes sense for buyers who prioritise occupancy stability and resale liquidity over headline yield.

Cantonments — 6.2% gross (n=4)

Embassy belt. Diplomatic corps tenant base, USD-indexed leases, very low default rate, but acquisition entry costs are the highest in the country. Cantonments is a capital-preservation play, not a yield play.

Airport Hills / Airport Residential — 8.4% gross (n=6)

Yields are firmer here than East Legon because acquisition prices are 20–30% lower for comparable build quality, while rents track within 10%. Our preferred Greater Accra neighbourhood for income-first diaspora investors.

Adjiringanor / East Airport — 9.1% gross (n=8)

Newer estates, younger professional tenant base, and gross yields that have held up because acquisition supply has continued to come on at price points below East Legon. The risk here is build-quality variance — choose the developer carefully.

Tema metropolitan — 9.8% gross (n=11)

The strongest yield region in our Greater Accra portfolio, driven by the harbour and free-zone employment base. Tenant turnover is higher than East Legon. Net yields after slightly elevated management overheads run 6.5–7%.

Spintex Road corridor — 10.2% gross (n=5)

Highest gross yield in the Accra metro on our books, but with a wider range across units. Spintex is the most fragmented submarket — block-by-block rather than estate-by-estate — and it rewards buyers who do the legwork on the specific street.

Ashanti Region

Kumasi metropolitan — 8.6% gross (n=4)

Lower acquisition prices and a deep middle-class tenant base produce yields that are competitive with Greater Accra. The exit market is thinner; resale takes longer. We do not recommend Kumasi to diaspora investors who may need to exit inside 36 months.

Volta Region

Akatsi / Sogakofe corridor — 11.5% projected (Volta Vista)

Vacation-rental rather than long-let economics. The 11.5% figure on our Volta Vista project is projected, anchored on observed nightly rates across Sogakofe Beach Resort and Treasure Island in 2024 and 2025. Vacation-let yields are inherently more volatile than long-let yields and we underwrite them with a 30% occupancy buffer.

Ho — 7.4% gross (n=2)

Limited sample. Long-let yields look reasonable at first glance but the rental absorption rate in Ho is slow; voids of 60–90 days between tenancies are normal. Net yields are materially lower than the gross figure suggests.

Western Region

Takoradi metropolitan — 8.9% gross (n=3, partner-managed)

Oil-and-gas tenant base, USD-indexed corporate leases. Yields are firm but cyclical — when sector capex slows, the corporate market thins quickly. We carry a partner relationship in Takoradi rather than direct presence.

What this means for the way we shortlist

Two patterns hold across the data. First, the yield premium for moving one or two zones away from the prestige neighbourhoods is real and persistent — it has not been arbitraged away. Second, the gross-to-net spread is wider in newer estates and in vacation submarkets than it is in established residential zones. Net is what your statement reads, not gross. Underwrite to net.

If you want our shortlist

We refresh shortlists quarterly. Send us a brief — budget, neighbourhood preferences, target net yield — and we will return the current shortlist for that profile inside one business day.