Battle Of The Cities The difference between GHC 1million property in Accra vs Kumasi

Pulse Ghana provides you information on cost of property in Accra and Kumasi. Below is the prices at which you can acquire properties in the two topmost cities in Ghana.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The migration of many people from their home regions to other places in search of greener pastures among other factors has played a major role in the prices of properties in some cities.

In 2010 statistics showed that 1.594 million people lived in Accra whiles 1.73 million people reside in Kumasi.

Many residents in these two cities rent apartments, buy homes or land and sometimes also build their dream houses from scratch.

READ ALSO: Kumasi ranked among top African cities for employment growth

If you had a million cedis to purchase a property in Accra or Kumasi, below is what you can get in both cities.

When you convert GHC 1million to dollars, you will get a little over US$ 225, 991.

What property can you buy with US$ 225, 991 in Accra and Kumasi? Which city is more expensive?

According to, one bedroom apartment in East Legon which is one of the prime areas in Accra is going for GHC 6,630.88 each month. This means with GHC 1million you can pay your rent for 12 years and 6 months.

One bedroom apartment in Accra play

One bedroom apartment in Accra


Meanwhile a similar apartment in Ahodwo in Kumasi cost GHC 2000. Here the tenant can rent the apartment for 41 years and 7 months.

A 2-bedroom apartment at Parakuo Estate in Kumasi is going for GHC 450. Here the tenant who has GHC 1million can rent the apartment for 185 years.

Two bedroom apartment. play

Two bedroom apartment.


At Shiashie, in the Greater Accra region, a 2-bedroom house cost GHC 7,955.73. GHC 1million will pay your rent for 10 years and 5 months.

A 3-bedroom house in Adum in the Ashanti region cost GHC 400. You can calculate how many years you will stay in such an apartment.

READ ALSO: 7 most unique churches in Ghana

However, a similar apartment in Osu has an average of cost 9,715.35. Definitely with the same money you will stay longer in an apartment in Adum than in Osu.

If you want to buy a house, you will have to pay an average of GHC 893,775.15 for a three bedroom detached house in North Legon.

Three bedroom house for sale in Accra. play

Three bedroom house for sale in Accra.


A similar house in Santasi Kokoben costs GHC 390,000. Imagine what you can do with the GHC 610, 000 after purchasing the house.

Many say cost of living in Accra is higher than that of Kumasi. Is this enough grounds to agree with such people?

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email:

Recommended Articles

Recommended Videos

Top Articles

1 Software Scandal EOCO indicts SSNIT managers over $72m software scandalbullet
2 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
3 In Accra Susu collectors give gov’t 1 week ultimatum to stop NPP...bullet
4 David Ampofo Writes Is Ghana's cashew another cocoa?bullet
5 Collapsed Banks Assets of UT Bank and Capital Bank for salebullet
6 Excise Tax Stamp Act Gov’t threatens to sanction businesses...bullet
7 NPP Government Nana Addo nominates Dr Agnes Adu as MD of GTFCbullet
8 Retirement How to calculate your SSNIT pensionbullet
9 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
10 In Singapore Government to pay bonus to all citizens...bullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Money Alert Meet Africa's richest womanbullet
4 Support Finance minister buys Kantanka carbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 Video We are determined to move Ghana beyond aid - Bawumiabullet
9 Vodafone adbullet
10 Entrepreneurship How to be resourceful as an entrepreneurbullet