Banks in the country want government to slash taxes slapped on them to be able to offer cheaper mortgage loans to their customers. They argue that the continuous imposition of taxes on interests earned on mortgages, make it difficult for them to reduce interests for the average Ghanaian to access mortgage services. “If institutions like
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Real estate developers have been advised to capitalise on the high demand for houses in the country to grow their businesses. Consequently, the Securities and Exchange Commission (SEC) has renewed calls on the members of the Ghana Real Estate Developers Association (GREDA) to use the capital market to raise long-term funds to improve the housing
Read MoreThe Government of Ghana is to employ the private sector and use more local content to complete stalled state affordable housing projects across the country. Consequently, Vice President Kwesi Bekoe Amissah- Arthur has directed the Ministry of Works and Housing to invite the Ghana Real Estate Developers Association (GREDA), for a partnership, to complete the
Read MoreReal estate developers are having to absorb costs associated with the load shedding exercise in Ghana, according to industry experts. The added costs, which were not forecasted by many is proving somewhat overwhelming for these developers. Kwesi Anderson of Whitewall Properties said most real estate developers were faced with this dilemma due to the rising
Read MoreA Ghanaian Real Estate Entrepreneur is advocating for a Construction Finance Fund as a way of curing the generally low standards of real estate development in the country. Ernest Hanson is the Managing Director of Beaufort Properties, which is currently working with global industry giant Micheletti on a more than US$10 million luxury 61 unit
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