The Ghana Real Estate Developers Association (GREDA), the umbrella body of property developers, has bemoaned the influx of illicit money into the real-estate sector – describing it as alarming and with dire repercussions for the economy. With the banking sector having closed all the loopholes for money launderers, GREDA said the real estate sector – built or landed properties – is increasingly...
Chief Investment Officer, Stanbic Investment Management Services (SIMS), George David Allotey, has emphasized the need to fully understand the nature of assets before investing. He made this statement at a Broll Ghana seminar on alternative real estate investments held at the Alisa Hotel, North Ridge, Accra. Speaking at the event on the theme, “The keys to unlocking Ghana’s real estate investment...
The Ghana Real Estate Professionals Association (GREPA) has launched its third Africa Real Estate Conference and Expo 2023 to project the Ghanaian and African real estate industry. The event, to be held in Accra from October 13 to 18, 2023, will bring together real estate professionals, industry players, sustainability specialists and technologists together at one venue to share new ideas and expose...
Economist and Associate Professor at the Institute of Statistical, Social, and Economic Research (ISSER), Prof. Charles Ackah has blamed revenue mobilisation agencies for setting low achievable tax revenue targets. This he believes is a major cause of Ghana’s low Gross Domestic Product to-tax- ratio. The Ghana Revenue Authority and municipal assemblies hope to raise about ¢165 million from...
Operators in the real estate sector say most firms have reduced their cost of operations considerably in a bid to survive rising economic crisis in the country which has slowed developments. The situation, according to the firms, is such that most of them have taken into consideration costs arising from fuel price hikes and inflation which have impacted businesses negatively. “If we were spending...
In 1877, a strategic decision to relocate the capital of the Gold Coast to Accra set in motion a transformative journey. Over the years, Accra has evolved into a bustling commercial hub, embracing the allure of urban living. This surge in urbanisation has catalysed an expansive urban sprawl, a phenomenon that brings both challenges and promising prospects to the real estate sector. Accra’s meteoric...
Can't buy property in Accra? You're Not Alone The soaring prices of real estate properties in Accra have made it increasingly difficult for the average Ghanaian to become a homeowner. The city's real estate market has been experiencing a sharp increase in demand due to the country's economic growth and population boom, leading to a corresponding surge in property prices. This has made it difficult...
There has been a rejuvenated global interest into African real estate after two years of the Covid-19 pandemic. This is according to the Knight Frank Africa Horizons 2023-24 Report, which has a comprehensive analysis of Africa’s remarkable recovery following the prolonged aftermath of the pandemic. The renewed interest is demonstrated by the recent engagement and substantial investment...
For real estate business in Nigeria in particular and Africa in general, a new dawn is here as Adeniji Adele, the newly elected president of the International Real Estate Federation (FIABCI), Africa and Near East Region, has assured both the sector and the players. Adele, former president of FIABCI Nigeria, was elected president for the Africa and Near East Region at the recently concluded 73rd FIABCI...
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,...
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