Land for Sale in Somanya (University of Environment & Sustainable Development)

I have a homey named Joe Tetteh who owns large swarths of land within and adjacent to Somanya, with Somanya being a town in the Eastern Region of Ghana.  He's into a lot of different businesses, but his primary economic activity is mango farming and exporting.  And accordingly he owns a company called JoeTex Farms.

Joe Tetteh (far left) in Germany circa 2013.

Thus most of his land is actually dedicated to that activity.  However he also sells some for residential and commercial purposes.  In fact to my knowledge he's the one who sold the land which the Government used to erect the soon-to-be-commenced University of Environment and Sustainable Development.

So with the university itself being situate on the main (Accra-Kpong) road, he still owns the acres of land behind it.  And recently he took me back there and said that he wanted me to market it on GHfind.  So the purpose of this post is to compile the related information I've accumulated thus far.  And I'd like to start with some pics from when he took me out there, which was late-March 2020:

My camera isn't all that, but the images still give a pretty-good feel of the status of the land.  The reason the land it looks rough like that is because the trees which stood on it were recently demolished.  In fact I believe you can see the tire tracks from the tractor on the second pic.

Joe is also selling acres of acres of land with the mango trees still erect, i.e. farmland which is presently operable.  And the funny thing is, at least to me, the land with the farms are actually less-expensive than the ones without.  Unfortunately I did not get pics of the farms themselves.  But he's told me the price is GH¢20,000 per plot for the plowed land and ¢15,000 per plot for the mango farmland.  Moreover, I'm compelled to mention that if you are an perspective buyer and this sounds expensive to you, you shouldn't be intimidated by these listings, because of course everything is negotiable anyway.

So, this is my layman's analysis of the entire situation:

PRO

1 - The land is directly behind the University of Environment and Sustainable Development.  But as of now, it doesn't have any structures.  That's another way of saying you can put anything you want back there.  And it is inevitable that someone(s) starts building student hostels soon.  Indeed the Government itself is anticipating a boom in the tertiary population of Ghana.  And let's say that at the moment, this is the university with the most room around it to actually expand.  Indeed although the school is set to open in September, they are still building structures as we speak, as can be seen below.

CON

1 - The land is completely undeveloped.  And what that basically means is this.  If you have a lot of money, you can venture deeper into the bush.  But if you're on a budget, it would behoove you to buy land as close to the main road as possible.

Joe's vision for the area is that it develops into a city in and of itself.  So development is coming.  But for now there's only dirt roads and a few small, scattered farming structures behind the university.

CONCLUSION

If I were rich I would buy some of this land myself and erect hostels.  Indeed what I personally predict is that in the next 3-5 years there's going to be some type of massive student-residential complex out there, like the one you currently see in Madina adjacent to IPS.  Also it is inevitable that as time progresses - so long as the schools reopen as planned - the land will become increasingly-expensive.

Anyone interested in capitalizing on this opportunity can holla at me at 050-537-0677 (or send me a message on Whatsapp).  And if you're really serious about buying some land, I'll put you in direct contact with Joe.

Also when purchasing land anywhere in Ghana I recommend that you follow the proper protocols to minimize the possibility of issues with the transaction materializing in the future.