Get a recreation kit to build a 300 acre housing project in Ghana

In a press release shared with Black Enterprise, Earn Your Leisure, activist Chakabars and developers Alvin Bekoe, Kwame Blay and Tuyee Yeboah announced the groundbreaking development of a 300-acre housing project in Accra, Ghana, that may promote economic prosperity in Africa.

Earn Your Leisure co-founders Rashad Bilal and Troy Millings and their group named the initiative the Sanbra City Project. The aim of the project is to provide the diaspora with modern and sustainable housing options to help the diaspora reconnect with their roots in the homeland. There are multiple phases, and phase one consists of competitively priced luxury homes called Cascades. It can be built on 30 acres and can feature community amenities akin to a swimming pool, sports facilities, bike paths, a food market and co-working spaces.

Located just quarter-hour from Kotoka International Airport, the complex began work in August 2024 and is predicted to be accomplished by October 2027.

Chakabars and the Earn Your Leisure team hope that this project will help African descendants reconnect with their roots in Africa. By working with Ghanaian developers, they aim to create opportunities for others to invest on the continent, provide opportunities for economic growth and reconnect with what can have been lost. “Our vision is to create a sustainable and thriving community that not only solves the housing deficit, but also encourages people in the diaspora to return home and invest in their future,” Blay said in a statement.

According to The Cascades, it’s going to offer two-bedroom apartments from $180,000, four-bedroom townhouses from $275,000 and five-bedroom villas from $450,000. To help finance this massive project, the developers are working with Plotus Investments Limited under EPC+F agreements, Turkish company ARSAN Group and banks including Stanbic Bank Ghana and First National Bank. Both financial institutions offer discounted mortgages to make home ownership accessible and reasonably priced.

Thanks to this, over 300 potential buyers have already been secured during Investfest 2024, which proves that the interest in the investment is real.

Several big names have been eyeing Africa’s economic growth and development, taking steps to be sure that the continent can thrive in several industries in the longer term. Oscar-nominated actor Idris Elba announced earlier this month that he’s specializing in constructing latest film studios across the continent to give indigenous people “the chance to tell their own stories.” His first project can be implemented on the island of Zanzibar, known for its wonderful white sand beaches.

The island’s government has already allocated nearly 200 acres of land for the investment, which Elba says will grow to be the premise of a global entertainment center.