The Ningo Prampram Member of Parliament, Sam George has cast doubt on the legitimacy of many real estate businesses in Ghana. Speaking in an interview on JoyNews’ Newsfile on Saturday, July 22, he explained that the real estate business is a cover-up for money laundering. According to him, people use the estate as a means to clean ‘dirty money’ acquired through illegitimate means. “Real...
The Chartered Institute of Realtors (CIR), a body of real estate professionals dedicated to providing high-quality training and learning opportunities for its members within the ever-changing real estate industry worldwide, is set to be launched in Ghana. The event will draw a large audience from different facets of society, from policymakers, international property developers, lawyers, arbitrators,...
A Three-Day mini exhibition Dubbed: Ecobank-JoyNews Habitat Fair Clinic which was opened at Achimota Mall Retail Centre last Friday has ended. The event, which is organized annually by Joynews and its business partners seeks to create extensive awareness about the main Habitat Fair which comes off on September 20th to 24th 2023 at the Accra International Conference Centre, was...
Green spaces made up of tree cover, grass, and parks in Ghana’s capital, Accra, have reduced drastically in the last two decades. The situation poses serious health implications for the residents according to a new study titled: “Socio-demographic and neighbourhood factors influencing urban green space use and development at home”. The study noted that most green spaces had been cleared for...
Southeast Ghana, particularly the Greater Accra region, is emerging as the next destination for expansion in residential and industrial development. With its favorable climate and abundant natural resources, Ghana has become a hotspot for opportunities and growth in recent years. The economic policies and cultural landscape of the country have attracted investors and individuals from neighboring...
Machine Cut Stones as Foundation Blocks in Ghana Houses One of the major problems in building houses in the waterlogged parts of Ghana and most other places in coastal Ghana is how the concrete laid blocks and cement fabricated blocks absorb salty water from the ground. This mechanism results from the salty nature of the groundwater in these areas because Accra used to be covered with large amounts of...
ACCRA - Ghana's consumer inflation accelerated slightly to 42.2% year on year in May, up from 41.2% in April, the statistics service said on Wednesday. The West African nation is grappling with its worst economic crisis in a generation and is restructuring its debt. Authorities turned to the International Monetary Fund for a support package in July last year after rampant inflation spurred street...
Interview with Alaa Zayed, Co-Founder and CEO at VAAL Real Estate Ghana Could you introduce yourself and your projects? I am Alaa Zayed, the CEO and co-founder of VAAL Real Estate in Ghana. With over 20 years of experience in the real estate industry, we started our journey in Egypt where we delivered more than 100 certified projects in the capital. In 2016, we expanded our operations outside...
In making the decision to acquire a property, it is important to understand the dynamics and the kinds of things to note in order to make the right choice. One of my favourite quotes in Real Estate is by William Penn Adair. He says, “Find out where the people are going and buy the land before they get there.” This quote resonates with me in so many ways and inspires my constant admonishing of...
Interview with Erdinc Asar, Managing Director of Acacia Build Ltd Can you outline the steps you took when setting up your business in Ghana When we first came to Ghana, we did some feasibility studies. We looked especially at Accra, Kumasi, Takoradi and other places. We understood that this country needs lifestyle concepts and that does not mean just selling four walls to people. We want to sell...