September 30, 2022
  • September 30, 2022

How a Ghanaian Man Started a Multimillion-Dollar Real Estate Company in Ghana

By on July 18, 2022 0
  • Ghanaian entrepreneur, Mr. Steven Debrah shared his story in an interview on how he was able to build over 500 houses in Ghana
  • He shared how he built his multi-million dollar real estate company from scratch and the challenges he faced along the way.
  • Mr. Steven Debrah’s story is inspiring and shows that success in life is not just for a few people

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CPL Developers CEO Mr. Steven Debrah was interviewed on YouTube by Tayo Aina on how he could build a multi-million property development in Ghana from scratch. In the interview, Mr. Debrah said he has worked in the real estate industry for 19 years.

Mr. Steven Debrah (right) in an interview with Tayo Aina on YouTube. Photo credit: Tayo Aina. Source: UGC
Source: UGC

Mr. Steven Debrah said it was his girlfriend who pushed him to start his own real estate company after identifying some unique abilities he possesses. He worked for six years in a real estate company before setting up his own company with the little money he had in his account.

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Mr. Debrah reiterated that he did not come from a wealthy family, but that his father was able to educate him and his siblings. However, as children, they had to work hard to succeed in life because they had no one to turn to for help.

A gated community development by CPL Developers
Closed community development by CPL developers. Photo credit: Tayo Aina. Source: UGC
Source: UGC

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His company, Construction Planners Limited (CPL), builds gated community homes and lifestyle homes. He claimed that he got into real estate because of his passion and love for properties. Additionally, he started his real estate business when he was 27 years old.

Mr Debrah says he didn’t have the money to start putting together his first project, so what he did was he sold his ideas to property buyers and then put them on the market. relationship with a mortgage financier who demanded that buyers pay a deposit of 20% of the price of the property. The deposit was paid to the company of Mr. Steven Debrah, which was enough to build the first units.

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Watch the interview below.

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Mr. Steven Debrah further added that he has partnered with landowners to create properties for young medical graduates in the country. He prepared a proposal and sent it to a hospital for his doctors to own a CPL house and pay monthly. His proposal was successful because he got a handful of doctors to take the initiative.

Today, Mr. Debrah’s company is building residential mega-communities in Ghana and beyond. One of them is the Gardens Estate, which has over 100 houses. Another of his developments, the talk of the town, is the Oasis Park Residences.

Oasis Park Residences by CPL Developers
Oasis Park Residences by CPL Developers. Photo credit: Tayo Aina. Source: UGC
Source: UGC

Mr. Debrah says he has never worked overseas or earned any money overseas. All the money he made was here in Africa. He added that CPL is expected to be the number one real estate company in the next ten years in Ghana.

Ghanaian builds portable houses in Ghana so people can move with their homes

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In a previous article, wrote about how a Ghanaian man is building portable homes in the country. A Ghanaian named Brown is building portable houses in Ghana that allow people to move around with their homes.

In an interview, he explained that the goal is to give young professionals the freedom to live and work in places other than their home region.

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