Tag: GREDA
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Ghana’s housing crisis: High supply outstrips low demand?
At a time that Ghana is grappling with solving her worsening housing deficit, it is emerging that some property developers are also finding difficulty in getting occupants for their properties. As a result, most of them have begun counting their losses as the continuous delay compounds their interests to be paid on loans contracted from…
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Concrete roads to absorb Ghana’s surplus cement – Industry
Cement manufacturing companies in Ghana are appealing to government to quickly implement a policy which will ensure that all roads in the country are made of concrete. According to them this will help consume the surplus cement in the country as well as sustain their operations. Figures available from the cement monitoring committee show that Ghana consumes…
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GREDA demands names of substandard cable brands
Real estate industry players have joined calls for the Ghana Standards Authority (GSA) to publish names of substandard electrical cable brands on the Ghanaian market. The industry fears for the worse should developers continue to use unapproved cables which will ultimately put the lives of people at risk. A recent inspection by the GSA has…
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Housing deficit rises as money launderers quit purchases
Ghana’s strict adherence to anti-money laundering laws has partly contributed to the rise in the country’s housing deficit. This is the indication from the Ghana Real Estate Developers’ Association (GREDA). The Association has therefore advocated pragmatic mechanisms to allow prospective home owners do so. A Council Member of GREDA, Samuel Tenkorang who made the revelation…
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Lower building costs to drive down high housing prices
It is an undeniable fact that correcting Ghana’s housing deficit would require concerted efforts by both the government and private sector. At Citi FM’s Housing Forum which came off on Tuesday at the Alisa Hotel, discussants identified the systemic challenges facing the housing sector and looked at ways to correct the trend. These bordered on…
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Lower interest rate key concern for estate developers
Decent accommodation continues to be the biggest headache among many Ghanaians. As the housing deficit goes up, the debate continues whether Ghanaians prefer buying a mortgage house or build their own house looking at the cost, time and terms involved. Ahead of Citi FM’s Housing and Real Estate Forum on Tuesday, 27th June,2017, Citi Business…
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High cost of production threatens housing sector – GREDA
The Ghana Real Estate Developers Association (GREDA) has stated that the industry is facing huge crises due to its unproductive nature. The Association has attributed this to the low patronage as a result of the high costs of properties. According to GREDA, though its members are expected to produce about 70, 000 houses, they only…
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GREDA lauds government’s housing fund policy
The Ghana Real Estate Developers Association (GREDA) has welcomed government’s plan to establish a housing fund. The association says the move when instigated, will reduce housing cost and boost the housing industry. The Minister nominee for Works and Housing, Samuel Atta Akyea on Wednesday [January 11, 2017] hinted of government’s plans to introduce a housing…