Category: Real Estate
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High cost of building materials will adversely affect rent – Construction Chamber
The Ghana Chamber of Construction Industry is warning that Ghanaians are likely to struggle to rent and acquire houses in the near future, if nothing is done to halt the unusual rise in the price of building materials. This follows calls made by former Deputy Finance Minister, Kwaku Kwarteng to Parliament, for the house to…
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Parliament must probe ‘unusual’ high cost of building materials – Kwaku Kwarteng
A former Deputy Finance Minister, Kwaku Kwarteng has charged Parliament to look into the reasons behind the recent hikes in the prices of building materials such as sand, stones, cement, iron rods and the likes. Some building contractors in the past few months have been lamenting the continuous toll the price hikes on building materials,…
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GREDA demands structure to regulate continuity of housing projects
The Executive Secretary of the Ghana Real Estate Developers Association (GREDA), Samuel Amegayibor, has demanded for a clear structure that deals with continuity of housing projects in the country. Citing the Saglemi housing project as an example, he lamented the various projects that successive governments have failed to complete and left to rot. Mr. Amegayibor…
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Building Contractors Association wages war against unregistered foreign contractors
The leadership of the building Contractors Association is up in arms against foreign contractors that fail to register with any association in Ghana and blatantly disregard the rules of engagement. According to the leadership, many foreign contractors come into the country and are aided to win contracts without going through the mandatory registration process. Such…
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Tackle money laundering in real estate sector – GREDA to government
The Executive Secretary of the Ghana Real Estate Developers Association (GREDA) Samuel Amegayibor, has urged the government to adopt new and modern ways of fighting illicit money transfer in the real estate sector. According to him, money laundering, which is gradually creeping into the sector will drive away foreign investments if not checked. In an…
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Works and Housing Minister commends First National Bank’s commitment to boost home ownership
The Minister for Works and Housing, Francis Asenso-Boakye, has commended First National Bank Ghana for its initiatives to boost home ownership in Ghana. Mr. Asenso-Boakye was speaking at the maiden edition of the Home Ownership Series, an initiative by First National Bank Ghana, in partnership with Glitz Africa Magazine, aimed at promoting a continuing national…
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60% of Ghanaians need government support to own houses – Asenso-Boakye
The Works and Housing Minister, Francis Asenso-Boakye has decried the country’s perennial housing problem. According to him, over 60 percent of the Ghanaian populace is unable to own their own homes without support from government. Also, 35 percent of the populace sadly will never be able to own their own homes even with the support…
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Don’t engage quack engineers – Engineering Council warns public
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The Engineering Council has admonished the public to refrain from engaging the services of engineering professionals not registered under the Council. The public is to inspect registration certificates issued by the Engineering Council from engineers, be it, Civil Engineers, Auto Mechanic Engineers, Electoral Engineers, etc. The 9 member council established under Act 819, LI 2410…
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Estate developers lament exponential increase in prices of building material
Building contractors in the country are lamenting the continuous toll the price hike on building materials is having on their business. As the demand for houses increases, the COVID-19 induced restrictions have had a negative toll on the construction industry. This has been widely attributed to the exponential increase in construction materials which are mostly…
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Meet Kristianne Reindorf Osei; the Young Ghanaian MD of a real estate company bagging global awards
Though the real estate industry is widely male dominated, that is not scaring a young Ghanaian woman from making strives and carving a niche for herself and her company. Kristianne Reindorf Osei’s company, Twelve Springs Investment Group, has in recent weeks gained global recognition for its work in the real estate industry. Twelve Springs Investment…