Tag: GREDA
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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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Public sector workers to own homes under cheaper mortgage scheme
As part of efforts to bridge Ghana’s housing gap, the Minister of Finance, Ken Ofori-Atta, says public sector workers and low-income earners in the country will in the coming months have the opportunity to rent and eventually own homes under the National Housing and Mortgage Fund. According to him, the intervention will reduce mortgage rates…
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GREDA laments lack of continuity of government’s housing policies
The Executive Secretary of the Ghana Real Estate Development Association, GREDA, Sammy Amegayibor, has stated that the lack of continuity among different governments in the country will affect the housing sector. According to him, this does not augur well for the country’s development in housing delivery. His claims follow the Vice President, Dr. Mahamudu Bawumia’s…
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COVID-19: Estate developers seek support to prevent job losses
Ghana’s construction industry provides thousands of jobs due to the number of artisans required at every stage of the building process. Even though the industry is capital intensive, many of the people engaged such as masons, plumbers, and tilers, are mostly considered to ply their trade in the informal sector. Such persons are part of…
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GREDA appeals to banks to renegotiate interest on loans due to impact of COVID-19
The Ghana Real Estate Developers Association, GREDA, is appealing to government to impress on banks to renegotiate loan agreements with its members due to the economic impact of the COVID-19 pandemic. According to the Association, government’s measures aimed at containing the spread of the disease, has negatively affected the construction industry due to the high…
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Gov’t must speed up implementation of land bank concept – GREDA
President of the Ghana Real Estate Developers’ Association (GREDA), Patrick Ebo Bonful, has called on government to expedite action on the implementation of the proposed land bank policy to mitigate land challenges in the country. A land bank is a governmental or nongovernmental nonprofit entity established, at least in part, to assemble, temporarily manage, and…
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Govt to revamp abandoned affordable houses at $51m
Government has secured funding to tune of 51 million dollars which is to help it revamp all abandoned affordable housing units in the country. About two thousand housing units are expected to be revamped for them to be occupied. According to Works and Housing Minister, Samuel Atta Akyea, the move will commence with those started…
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Real estate industry advocate massive local content patronage
Players in the country’s construction industry are bemoaning the lack of stakeholder consultation between them and government. Their complaint follows government’s engagement with a Singaporean architect who has been mandated to see to the transformation of Accra into a modern city. According to the local players in the construction industry, government has on many occasions…
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Estate developers demand clarity on new tax holiday
The Ghana Real Estate Developers Association (GREDA) wants government to come clear on its new terms in granting tax holidays to new estate developers. Although GREDA describes the news as welcoming, it says its members need further clarification on how the tax holiday will be of benefit to the industry. “It is welcoming except that we want to…
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Govt to implement land banks to tackle housing deficit
The Ghana Real Estate Developers’ Association (GREDA) wants government to strictly abide by its promise to implement the proposed land bank policy to address the rising housing deficit by the end of the year. The program has become necessary as the issue of land acquisition has been cited as one of the basic issues contributing…