Home » Africa: American Investor Liquidates Assets to Relocate to Ghana, Launches 200-Acre Housing Project

Africa: American Investor Liquidates Assets to Relocate to Ghana, Launches 200-Acre Housing Project

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American Investor

A United States citizen has drawn widespread attention online after selling his properties and relocating to Ghana to invest in large-scale housing development.

According to yen.com.gh, the move, captured in a trending video, highlights his plan to build homes on a 200-acre site as part of a long-term commitment to Ghana’s growing real estate sector and diaspora investment appeal.

Speaking in an interview with YouTube vlogger Felthommy, the elderly man, Eric, said his first visit to Ghana was in 2015. He explained that it was after that visit that he knew he would like to make the country his new home and began preparing adequately toward that goal.

In this vein, he informed his family of his plans, sold all his properties in the US, and relocated to Ghana

Detailing how it all began for him, Eric indicated that he initially bought five acres of land in Ghana, built on it, and intended to flaunt what he had achieved online. To his surprise, people began contacting him expressing interest in the house, something which ultimately led him to sell it. He then explained that it was at that point he opted to venture into building homes and bought 200 acres of land located at Somanya in the Eastern Region.

READ: Africa: Ghana Initiates Formal Talks to Acquire and Restore Nkrumah’s Guinea Residence as Heritage Site

Touching on his housing project dubbed Migration Crossing Culture, Eric explained that out of the 200 acres of land secured for the project, 30 acres have been cleared for a food forest. He indicated that the community, when completed, will have markets and other amenities so homeowners can be self-sufficient.

Quizzed on what inspired him to settle in Ghana as his home, Eric first mentioned the culture, the people, and the language.

Eric expressed joy at being able to provide homes for interested persons, adding that at the moment, people who have bought homes are mainly Ghanaians in the diaspora.

“Whoever wants to come and purchase can do so. Basically, what we do is run a half-price promotion where they can get the home at half price when they pay a certain amount and give us two years to build it. Most of our buyers tend to be Ghanaians living in the diaspora, and we also have buyers of Jamaican descent

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