The Member of Parliament of Assin Central, Mr Kennedy Agyapong has disclosed that he owns 147 houses in the country.
The legislator says owns real estate properties in Accra, Tema and Kumasi.
Mr Agyapong told Joy News in an interview that he rents out the properties to fund a comfortable lifestyle.
" . . Oh how, I rent them (houses) . . . only a fool will occupy 147 homes," Mr Agyapong said.
"Real estate, you don't make that much money but It makes you comfortable...".
Investments
On which sectors provide the best returns for investments, Mr Agyapong advised university graduates not to go into farming.
He revealed how his over 500-acre farming project in the Ashanti region failed because of theft, lazy farmhands, litigation and a lack of government subsidies for farmers.
He added that although media was more profitable than farming, the returns were also low.
“When you wake up in the morning and you pray that God let me be poor, then you go into farming . . . I have been there, so when I see anybody going into farming, I just laugh," he said.
“I challenge the government; what are the inputs for you to go into farming? They are just talking. I’ve been there and I’m telling you, if I go to university, I will not go into farming. Hell no!” Ken Agyapong said.
He continued: “If you make money in Accra and you tell me you are going to farm, you are a fool. I failed at farming not because of my management but because of litigation".
Reasons for venturing into media
On why he ventured into media ownership, he said it was motivated by a confrontation with Mr Ofosu Ampofo on Peace FM which resulted in him being asked to apologise for saying: "What does it take to establish a radio station?".
He said he declined and vowed to establish a radio station as he walked out.
"So, I was not doing it for money, I was doing it for posterity . . . I have done it".
Source: Daily Graphic
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WHAT IS THE AMOUNT OF PROPERTY TAX PAID TO THE STATE? AN OSOFO ONCED BRAGGED ABOUT THE PROPERTIES HE OWNED. THE NEXT HOUR THE GRA PERSONNEL WERE ON HIM FOR TAX DECLARATION AND ASSESSMENT. GRA PERSONNEL WHERE ARE YOU OR YOU HAVE NOT HEARD KENNEDY AGYAPONG BRAGGING ABOUT THE PROPERTIES HE OWNED?
The houses in Ghana (Accra) are overpriced. A house at the same price in the Advanced world comes with modern sewage and drainage system, centralized built in AC/heat, better streets, water, and electricity. If the houses in Accra were to have all that advanced world houses had I wonder how much they would have been sold for?
ONE MAJOR PROBLEM IN MANY PARTS OF GHANA IS POOR STREET AND LACK OF STREETS LIGHT. WE HAVE MANY BEAUTIFUL AND EXPENSIVE HOUSES IN MANY PARTS OF THE COUNTRY. MANY OD THE HOUSES ARE AS NICE OR EVEN BETTER THAN SOME HOUSES OF INDIVIDUALS IN THE ADVANCED WORLD. THE BIG DIFFERENCE IN OUR RESIDENTIAL ENVIRONMENT IS THE POOR AND HORRIBLE STREETS TO OUR HOUSES AND DARKNESS IN MANY PLACES AT NIGHT. IT IS TIME FOR THE LOCAL GOVERNMENT TO BE EMPOWERED TO TAX HOUSES IN THEIR COMMUNITY FOR THE DEVELOPMENT OF THE STREETS AND OTHER NEEDS OF EVERY PARTICULAR COMMUNITY.