New Patriotic Celebration (NPP) presidential hopeful Kennedy Agyapong has expressed remorse over his choice to buy greater than 277 homes in Ghana, describing the large property funding as wasteful.
The previous Member of Parliament made the revelation in an interview on the Konnected Minds podcast, the place he criticised his funding technique and steered enterprise ventures would have been extra worthwhile.
Agyapong defined that rental revenue from high-value properties fails to match potential enterprise returns, utilizing a Cantonments property for example. He stated:
When you’ve a property at Cantonments, $500,000, your hire won’t be greater than $4,000 a month. However for those who use the $500,000 to do enterprise, and also you make 10%, I am simply drawing your consideration.
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The politician admitted that his in depth property portfolio has change into unmanageable, with some homes fully forgotten as a result of their sheer quantity. Agyapong said:
I’ve so many homes right here that I’ve regretted. A few of them, I do not even keep in mind… I’ve regretted it as a result of if I had invested that cash in a enterprise, I’d have made some huge cash. I’ve over 277 homes in Ghana, and it’s a waste. I’ve regretted shopping for these homes as a result of I do not get folks to hire them.
Regardless of his regrets, the presidential hopeful confirmed he won’t promote the properties, as a substitute planning to distribute them amongst his kids as inheritance.
However, I do not wish to promote, I wish to give them to my youngsters. I’ve many youngsters; I wish to share the homes amongst them. My plan is that for those who, in case you are a lady, for those who marry and your relationship would not go nicely, whenever you come again house, you’ve your properties, you possibly can eliminate a few of them to begin a enterprise.
Agyapong drew from private expertise, recalling how he beforehand offered properties throughout monetary difficulties.
In 1990, I had 1In 1990, I had 11 homes, however I needed to promote six of them to begin life once more. Aside from folks in actual property, anyone promoting their property is broke.1 homes, however I needed to promote six of them to begin life once more. Aside from folks in actual property, anyone promoting their property is broke.
Why rental properties could also be a foul thought!
I personal 277 in Ghana 🇬🇭
Hon Kennedy Agyapong speaks pic.twitter.com/nowXXCU3ez— Derrick Ok Abaitey (@deeabaitey) August 1, 2025
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In the meantime, Agyapong on Tuesday, July 29, 2025, formally declared his intention to contest the presidential primaries of the NPP to guide the occasion into the 2028 common elections.
