A Tribute to Osei Kwame Despite: Celebrating a landmark achievement in Automotive Heritage

As a lifelong fan of classic cars, I am excited to congratulate Osei Kwame Despite. He has established a world-class Automobile Museum in East Legon, Accra.

This museum features over 60 meticulously restored vehicles. It is not just a collection; it represents passion and dedication. It also preserves automotive history.

For enthusiasts like me, classic cars are more than machines. They are works of art and symbols of engineering brilliance. They capture cultural evolution through time.

These vehicles offer rewarding investment opportunities in tangible assets. Unlike modern cars, which lose value quickly, classic cars appreciate consistently. They often outperform traditional investments like stocks and real estate.

The Knight Frank Luxury Investment Index shows rare classic cars have delivered 13 percent annual returns over the past decade. Iconic models like the Ferrari 250 GTO now sell for over $70 million. This is more than double their value from just a few years ago.

The Hagerty Price Guide confirms that well-maintained classics grow in value steadily. This trend continues even during economic downturns.

Seeing such a prestigious collection displayed in Ghana is extraordinary. Each vehicle tells a story of innovation and craftsmanship. From vintage Rolls Royces to classic American muscle cars, this museum caters to petrolheads and investors alike.

Mr. Despite's commitment to restoring these treasures is commendable. Building such a collection requires passion and attention to detail. By sharing these masterpieces with the public, he enriches Ghana's cultural landscape.

This museum stands as a monument to excellence and automotive artistry. It serves as a masterclass in alternative investment strategy too. I believe it will become a must-visit destination for enthusiasts worldwide.

Once again, bravo, Mr. Despite! Your vision has created a priceless treasure for the automotive community. May this museum thrive for generations to come!

Long live classic cars and this incredible institution!

By Kwame Sowu, former Governing Board Chairman, Ghana Museums and Monuments Board