Massimiliano Colasuonno Taricone, the Consul of Ghana to Italy and Trasacco Boss, has raised an alarm concerning the housing and rent prices in Ghana’s capital, the Greater Accra.
According to the Trasacco Boss, Accra has a very high percentage of wealthy Ghanaians, who even own multiple properties, but keep them empty rather than rent them out at controlled prices.
He admitted that House and rent prices have spiralled out of control in Ghana’s capital, the Greater Accra.
The Trasacco Boss added that House and rent prices are a bubble that’s about to burst.
Massimiliano Colasuonno Taricone argued that in a post on X, the Trasacco Boss stated, “House and rent prices have spiralled out of control; it’s a bubble that’s about to burst. But it’s absolutely not true that Ghanaians are out.
Unlike many European cities, like London, where out-of-control prices have pushed locals out of the city, Accra has a very high percentage of wealthy Ghanaians, who even own multi-property properties that they keep empty rather than rent them out at controlled prices”.
The Trasacco Boss was reacting to Nataki Kambon, a Real Estate Reformer, who had predicted that foreigners would soon own Ghana’s capital city, the Greater Accra.
According to the Real Estate Reformer, Foreigners will soon own Accra because Ghanaians are being forced out with high rent prices.
In a news card shared by GHOne TV, Nataki Kambon is quoted to have said, “Foreigners will soon own Accra because Ghanaians are being forced out with high rent prices”.
The GHOne TV card of the Real Estate Reformer has ignited a debate on X with many Ghanaians commenting, saying, “Absolutely true!. Rent prices are outrageous in Ghana, yet no one seems to care. Politicians, businessmen, realtors, and the rest are all staying silent. There seems to be something we’re not being told”.
Some Ghanaians reacting to the Trasacco Boss comments wrote, “consoleghana is right. These expensive properties are owned by Ghanaians who won’t rent for a cedi. Easy to blame foreigners though”.
One X user added, “She seriously has a point to be fair, Ghanaians are priced out.
And we should not wait 5-10yrs time to address issues of rent.
It’s good that the government has taken it up to address it, and we all must be supportive.
This affects all irrespective of your stand”.
A netizen added, “Accessible and affordable housing is a human right. Being able to point out some wealthy Ghanaians who can afford overpriced homes is a bad argument.
They are not the standard but the exception”.
A netizen added, “Accra has a very high percentage of wealthy Ghanaians, who even own multi-property properties that they keep empty rather than rent them out at controlled prices.”
They are all politicians and mostly not indigenes of Accra but from other parts of the country”.
One X user added, “Can you please explain further on how and when this bubble is about to burst?
Are the Ga landlords finally going to stop selling the same lands over & over?
Are politically exposed persons and Nigerians going to stop paying inflated prices in cash for properties?”.
“That they keep empty instead of renting out to the poor trotro driver. What is the purpose of having that house in the first place? Out of share wickedness or greedy bastards?”, an X user added.
“Sir, you fascinate me. 😁 Wop3 amanso papa. For how long have you stayed in Ghana de3 you should be able to understand my Twi. Lol. Good afternoon, sir”, an X user added.
See the post below:
House and rent prices have spiraled out of control; it's a bubble that's about to burst. But it's absolutely not true that Ghanaians are out.
— Consul of Ghana to Italy (@consoleghana) May 23, 2026
Unlike many European cities, like London, where out-of-control prices have pushed locals out of the city, Accra has a very high… https://t.co/l3Yl8PSQ0b
