Dr. Theresa Oppong-Beeko won the Ghana Excellence in Real Estate Development award at the 5th GhanaWeb Excellence Awards, held at the La Palm Royal Beach Hotel in Accra on March 6, 2026. She is the founder and CEO of Manet Group — the parent company behind one of Ghana’s oldest and most active real estate portfolios.
The win was not a surprise considering Manet’s track record.
Oppong-Beeko was nominated alongside four others in the Real Estate Development category — VAAL Real Estate’s Robert Owusu-Sekyere, Cornerstone Developments’ Joe Leslie Obeng-John, Lakeside Estate’s Dr Prince-Joseph Kofi Ayiku, and Impel Properties’ Frank Oteng. We covered all five nominees here ahead of the ceremony. The field was credible. She won it anyway, which, given the track record, is not difficult to explain.
Thirty Years of Building
Oppong-Beeko started Manet Housing Limited in 1994. That was before East Legon was East Legon, before Airport Residential was priced in dollars, and before the word “luxury” attached itself to everything a developer put in a press release. Since then, Manet has delivered over 1,800 homes across multiple completed projects: Manet Court and Manet Ville in East Airport, Manet Palms in East Legon, Manet Paradise in Ada, and the Manet Twin Towers in Airport City — a $22 million commercial complex commissioned in 2010 that is still one of the more visible private real estate investments on that stretch.
The Manet Group now also runs Manet Beach Paradise, a three-star hotel resort at Ada, and Manet Construction, a civil engineering subsidiary. None of this was assembled with government support, which is a point Oppong-Beeko has made publicly and directly. When the STX Korea deal was announced in 2011 — $10 billion, 200,000 units, government land, preferential financing — she said plainly that private local developers had built the market for fifteen years without any of that, and deserved to find out why a foreign company was getting what they never got. The STX deal collapsed. The observation still stands.
The Award and the Question It Raises
The GhanaWeb Excellence Awards are public-voted, which matters for context. This is not a jury of industry experts scoring project delivery and financial viability. It is a recognition of public reputation — and in that sense, Manet’s 30-year presence in the market, with a portfolio Accra residents can point to physically, is exactly the kind of track record that wins public votes.
That said, the real question her win raises is the one the award doesn’t answer: Ghana has delivered roughly 40,000 to 50,000 housing units per year against an annual need of over 100,000. Manet has delivered 1,800 homes over three decades. VAAL is targeting the top 3% of buyers. Cornerstone’s luxury portfolio in Cantonments and Labone is priced in dollars. The housing deficit is 1.8 million units and it sits almost entirely in a price bracket none of the nominated developers primarily operate in.
Oppong-Beeko herself has pointed this out before. In an older interview on The Worldfolio, she said Ghana does not have a shortage of medium-to-high-end homes. It has a shortage of low-income housing. She said if she had the kind of financing support that was being handed to STX, she could produce $25,000 homes at scale. That is a real estate developer making a more honest diagnosis of the market than most analysts manage.
The award is deserved and the work is real. The gap it doesn’t fill is also real.
