Why Draw Escrow Inspections Matter in Ghana’s Construction Market
Building in Ghana can be deeply rewarding, but without structure, oversight, and transparency, it can also be financially risky. Many buyers release construction payments based solely on developer updates, without independent verification. To address this, E. Wells Realty & Consultancy and Building Inspectors of Ghana (BIG) have partnered to create a system that protects investors at every stage. This system is anchored by draw escrow inspections, a factual, unbiased reporting process that ensures funds are released based on verified progress, not assumptions
Cameron Kyser
12/9/20252 min read
What Is a Draw Escrow Inspection?
A draw escrow inspection is an objective, third-party site evaluation conducted before the next construction payment is released from escrow. BIG’s role is not to “pass” or “fail” a project. BIG provides a factual, photographic, and code compliant-referenced inspection report documenting:
- What has been completed
- What remains incomplete
- What is defective, unsafe, or non-compliant
- What requires correction
The inspection itself is neutral. The decision belongs to the investor. Based on the findings, the buyer or investor chooses whether to:
- Approve release of funds
- Request corrections before payment is released
- Hold payment until specific items are addressed
- Request a reinspection
This places control and transparency back in the buyer’s hands. The BIG × E. Wells Escrow Partnership: How It Works
1. Funds Are Held Safely in Escrow
E. Wells Realty & Consultancy secures client funds in a neutral escrow account
2. Developer Requests a Payment Draw
Before releasing the next payment, E. Wells initiates the inspection request
3. BIG Conducts an On-Site Inspection
BIG documents the project with:
- Progress photos
- Factual notes
- Ghana Building Code references (where applicable)
- Identification of incomplete or defective items
There is no pass or fail. Only documented facts.
4. Report Delivered to Investor and Escrow Manager
The investor reviews the inspection findings in a clear, structured format
5. Investor Decides on Fund Release
Based strictly on the report, the investor may:
- Release funds
- Request repairs or corrections
- Withhold payment until items are addressed
- Schedule a reinspection to confirm completion
Why This Is Crucial in Ghana’s Building Environment.
The Ghanaian construction sector often faces challenges such as:
- Payment requests made before work is completed
- Poor construction oversight
- Hidden structural, electrical, or plumbing defects
- Communication gaps between contractors and investors
- Limited enforcement of standards
Draw escrow inspections eliminate uncertainty and protect investor funds by ensuring every payment is tied to verified, factual progress.
Benefits for Investors and Diaspora Buyers
- Financial protection
- Transparency and accountability
- Early detection of issues
- Empowered decision-making
- Documentation for disputes
Benefits for Developers
- Faster payment releases
- Increased trust with buyers
- Reduced conflict
- Demonstrated professionalism
Why BIG?
- Factual, unbiased documentation
- Internationally certified inspectors
- Ghana Building Code alignment
- 360° virtual inspections
- Reinspection options
Why E. Wells Realty & Consultancy for Escrow Services?
- Neutral fund handling
- Secure financial management
- Clear communication
- Structured processes
Verified Construction Is the Future of Real Estate in Ghana
Draw escrow inspections create a trustworthy building environment where payments follow verified progress, not promises.
Contact
Building Inspectors of Ghana (BIG)
020-278-7995
E. Wells Realty & Consultancy
026-828-2533