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Date & Venue: 8 October 2025, Accra Marriott Hotel
Hosted by: CCI France Ghana in collaboration with AHK Ghana
Top Sponsor: Akka Kappa (Platinum)
Ghana’s real estate community showed up strong at the Accra Marriott for a high-level conference unpacking a question everyone in property has been whispering about (and sometimes shouting): what does the cedi’s movement on FX markets really mean for deals, pricing, and investment strategy in 2025? The session, convened by CCI France Ghana with AHK Ghana, set the stage with a timely theme and a powerhouse room of bankers, regulators, developers, agency leaders, and investors
The conversation zoomed in on how currency swings ripple through the property market touching everything from list prices and construction inputs to payment plans, mortgages, rental yields, and exit strategies. Speakers and panelists from the financial sector, the Bank of Ghana, top advisory firms, the Real Estate Agency Council (REAC), leading banks, and Akka Kappa connected the FX dots to real-world decisions: how to price, when to hedge, and where opportunities (and risks) are hiding right now.
Industry leaders and experts contributed insights, including: John Awuah (Ghana Association of Banks), Evans Asare (KPMG Ghana), Samuel Anin (Bank of Ghana), Emmanuel Jeffery (Real Estate Agency Council), Jolanda Castagna and Edoardo Castagna (Akka Kappa), and Eric Adonoo (Access Bank Ghana). CCI France Ghana also acknowledged Akka Kappa as Platinum Sponsor and Orca Deco as Gold Sponsor for powering the dialogue and cross-sector collaboration that made this event tick.
FX volatility = pricing discipline. Developers and landlords are tightening pricing frameworks, clarifying whether values are fixed in cedis, indexed, or benchmarked across payment milestones.
Cost structures matter more than ever. With imported finishes and MEP components tied to FX, project budgets and delivery schedules are being stress-tested against different Cedi and US Dollar scenarios.
Cedi-first compliance is increasing. More stakeholders are aligning list prices and contracts with cedi-denominated standards while using transparent clauses to manage FX risk over time. (For useful context, see Akka Kappa’s explainer on BoG rules around pricing.) akkakappaghana.com
Payment plans are the new competitive edge. Flexible schedules, phased deposits, and clear indexation rules are helping buyers (local and diaspora) commit with confidence despite currency noise.
Rental strategy is shifting. Corporate leases and expat-heavy pockets still reference USD in negotiations, but enforcement trends and market practice increasingly anchor to cedis, with clauses to balance risk fairly.
Data, not vibes. The smart players are moving beyond “wait and see” to scenario planning: best-, base-, and worst-case models that drive real decisions on timing, procurement, and capital structure.
Akka Kappa’s Managing Director, Jolanda Castagna, delivered a keynote that cut through the noise: a practical playbook for navigating a “cedi-first” landscape without losing commercial momentum. She highlighted how clear documentation, payment transparency, and investor-grade communication reduce friction in deals and why Ghana’s long-run fundamentals (demand drivers, urban growth, and quality stock) continue to reward disciplined operators.
Akka Kappa’s Sales Director, Edoardo Castagna, joined the panel discussion on “The Impact of Currency in a Dollarised Economyon the Real Estate Sector.” He spoke to the day-to-day realities of pricing, negotiations, and absorption: how to structure clauses that protect both sides, set expectations early, and avoid “surprise FX” moments that derail business closings.
Beyond the headlines, the conference proved the power of cross-sector business collaboration. Banking, regulation, brokerage, development, and corporate finance sat at one table openly comparing models and sharing what’s working on the ground. That’s how you move a market from rumor-driven to data-driven. Kudos to CCI France Ghana and AHK Ghana for convening and to the sponsors who put real weight behind the conversation. CCI FRANCE GHANA
Q: Did the event confirm whether properties must be priced in cedis?
A: The enforcement trend points to cedi-denominated pricing with compliant documentation. Parties can still manage FX risk via clear clauses and indexation transparency is the key. For general context on BoG’s stance, see Akka Kappa’s explainer. akkakappaghana.com
Q: How does cedi strength or weakness affect buying timing?
A: When the cedi stabilizes, you tend to get clearer pricing and easier negotiations. During volatility, the best developers publish indexation rules so buyers aren’t flying blind.
Q: Are developers changing payment plans because of FX?
A: Yes. Phased payments and milestone-based adjustments are more common, helping both sides spread risk sensibly.
Q: What’s the one clause every buyer should ask about?
A: The price-review / indexation clause: how often it’s triggered, by what benchmark, and the cap/floor. Get it in writing. No “handshake math.”
Q: I’m an expat. Should I hold off?
A: Not necessarily. If a project offers transparent cedi pricing with clear FX guards, the risk becomes knowable and therefore manageable. Compare developers on policy, not just finishes.
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