Ghanaian Man Warns, Breaks Down Why Today's Youth Can't Afford Building Houses, Video

• A Ghanaian man sparked reactions online after he analysed the true cost of building a modest home
• He said owning a home in Ghana was no longer realistic, citing a minimum GH₵650k budget
• The man calculated that even with a GH₵20k monthly salary, saving for a house would take years

A Ghanaian man has sparked reactions after breaking down what it takes to own a home in the country and discussing interesting trends in the real estate market.

In a video spotted by YEN.com.gh, a young Ghanaian decided to discuss the bleak future for youths who dream of owning a house during the present economic storm.

The man, identified as Ekay, before dropping his concerns about the future of Ghanaians being able to afford a home, argued that the traditional path of building a house is no longer a realistic plan but a fantasy.

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Ghanaian man speaks on home building cost

He broke down the estimated costs of building a modest two-bedroom house. The total cost he calculated was between GH₵650,000 and GH₵800,000, which he found alarming for a two-bedroom home.

He went on to analyse the average salary of Ghanaians and how it would take a minimum of three years of saving every single amount from one's salary to afford the luxury of building such a home.

"Suppose you earn GH₵20,000 a month. This building project is going to take you around three years to complete if you don’t spend any of that money. Like for the next three years, if you start in 2026, you finish in 2029, and you wouldn’t have touched any amount."

The man concluded with a warning, stating that his generation is "cooked" and that the situation is a wake-up call.

He admitted he doesn't have the solutions but stressed the urgent need to find them.

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Watch the video below:

Reactions to man's breakdown on home ownership

YEN.com.gh collected reactions from Ghanaians who watched the video on TikTok. Some of the comments are below.

Morla Jonior said:

"You said it all. Bro, six years now, I am still struggling to finish my house, bro, as a GH₵1,000 salary earner."

Abdul Raman wrote:

"Be like this matter no really concern the other gender ooo."

NAZ commented:

"If you save GH₵2,500 every month, a 700k house will take you 23 years to save and buy, minus inflation."

BuiltDifferent said:

"Everything is a process. I encourage every youth out there NOT to consider this message. Cement is GH₵105 today. You can’t afford it, but trust me, you will be able to buy it when it gets to GH₵150. This type of thinking will get you poor. Life is a gradual process. Be smart and think right."

Ghanaian landlord issues warning to tenants

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YEN.com.gh had earlier reported that a Ghanaian landlord angrily warned his tenants not to participate in protests/demonstrations against rising house rents.

He justified his stance by suggesting that the Rent Control Department had no right to set his rental prices.

The landlord stated he would monitor social media platforms and evict any tenant caught in protest videos.

Proofreading by Samuel Gitonga, copy editor at YEN.com.gh.

Source: YEN.com.gh