Tag: GREDA
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Local contractors to drag government to court over 10 billion debt
The Ghana Chamber of Construction Industry has threatened to take legal action against government, for failing to pay over 10 billion cedis accrued debt it owes contractors. The contractors lament that for over four years now, government has stalled in paying contractors for work done. A situation they say is having a negative toll on…
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Stakeholders in construction industry lament increase in prices of iron rods
If you are building or involved in a building project, I am sure you have realised that the prices of one critical component in the building process, iron rods, have increased in recent times. Iron rods are considered critical materials in building construction, due to the fact that shortfalls in quantity or quality of the…
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Lack of attractive mortgages to blame for NPLs in construction sector – GREDA
The Ghana Real Estate Developers’ Association (GREDA), is attributing the high Non-Performing Loans (NPLs) in the construction sector to the lack of attractive mortgages in the country. Data from the Bank of Ghana shows that repayment challenges associated with COVID-19 were paramount last year, with the NPL ratio in the banking sector increasing from 15.5…
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GREDA asks for tax rebates to build 20,000 housing units a year
The Ghana Real Estate Developers’ Association (GREDA), has called on the government to grant tax rebates to its members to enable them build enough affordable housing units in the country. President Nana Addo Dankwa Akufo-Addo back in April 2019, charged GREDA to develop a proposal to build 20,000 housing units a year to help deal…
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GREDA blames housing deficit on lack of social housing arrangement by government
The Ghana Real Estate Developers Association (GREDA) says governments have done little to address the growing housing deficit in Ghana. It contends that adequate steps have not been taken by the appropriate authorities to resolve challenges associated with accommodation in the country. Ghana’s housing deficit remains the same, as against the increasing population of the…
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GREDA wants government to take the lead in adoption of local building materials
The Ghana Real Estate Developers Association (GREDA) is calling on the government to take the lead in the use of local materials for construction in Ghana. This according to the association will boost the confidence of the public in local building materials. In the wake of the high cost of rent in Ghana and the…
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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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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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GREDA pushes for law to regulate ownership of compound houses
Stakeholders in Ghana’s real estate sector are asking for a law to regulate the ownership of condominiums, popularly known as compound houses in the country. Currently, there are no dedicated laws governing the possession of both residential and non-residential condominiums in Ghana. As part of efforts to address challenges in the real estate sector, the…
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Government’s proposed Housing Authority must be run by technocrats – GREDA
The Ghana Real Estate Developers Association is calling for the government to speed up the establishment of the proposed Ghana Housing Authority. The Association however believes that ensuring the authority is ran by technocrats and industry players who understand the country’s housing sector is key to ensuring it remains relevant in addressing the country’s housing…