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Government to draw private investors to the housing sector.
A report by the African Centre for Housing Finance indicates that the government is still struggling to find solutions for more affordable housing options.
In International news
Landstar Group, a residential and commercial real estate firm located in Kalispell, in the US has joined the Coldwell Banker brand
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Government to draw private investors to the housing sector.
The government, according to Mr. Francis Asenso-Boakye, minister of works and housing, is fostering an atmosphere that will draw private investors to the housing sector.
He made this statement while sod was being cut for the start of stages two and three of the SuCasa O’Grantson No. 1 Community in East Legon Hills.
Speaking at the event, Mr. Asenso-Boakye, who represents the Bantama constituency asserted that the private sector was crucial to filling Ghana’s housing shortage.
He stated that in order to establish the proper framework for industry best practices, the ministry is currently concentrating, among other things, on the review and passage of laws as well as addressing institutional gaps.
A report by the African Centre for Housing Finance indicates that the government is still struggling to find solutions for more affordable housing options.
A report by the Center for Housing Finance in Africa, the Ghanaian government is still having trouble finding solutions for more affordable housing choices for city dwellers.
Despite this, Ghana’s housing shortage decreased by 33%, from 2.8 million in 2010 to 1.8 million in 2021. The real estate boom and a 72.8% increase in residential structures during this time are partially to blame.
The report indicates that Fixed Income Market (GFIM), Ghana’s current national bond market, is where the country’s government, as well as other quasi-government and corporate money market instruments, are listed and traded.
In order to address the problem of affordable housing, a number of organizations have worked cooperatively to build up the nation’s housing supply. The government has pledged to complete ongoing housing projects.
It added that a majority of housing stock is sourced from the informal economy, mainly through incremental construction.
Urban areas are characterised by land tenure insecurity, high transaction costs, convoluted property rights, and weak institutional oversight. In terms of investment opportunities
The President’s Akufo-nominee for the Local Government Ministry’s position of Minister of State, defends collaboration with (GRA) to gather property rates.
Mr. Osei Bonsu Amoah,The President’s Akufo-nominee for the Local Government Ministry’s position of Minister of State, has defended the choice to collaborate with the Ghana Revenue Authority (GRA) to gather property rates.
The government and district assemblies have come under fire from experts for their failure to manage what they claim to be a sizable income stream using contemporary methods.
However, some individuals are not pleased with the GRA collaboration. They worry that it will stifle local meetings.
Appearing before the appointments committee Mr Amoah stated that the arrangement is the most efficient method to collect the property rates.
He continued by saying that the reform with GRA is to bring in some dynamism, and help in the development agenda .
Landstar Group, a residential and commercial real estate firm located in Kalispell, in the US has joined the Coldwell Banker brand
Landstar Group, a residential and commercial real estate firm located in Kalispell, in the US has joined the Coldwell Banker brand and will start conducting business as Coldwell Banker Landstar Properties, according to a recent announcement from Coldwell Banker Real Estate LLC. With this agreement, Montana will get its first Coldwell Banker Global Luxury office.
Landstar Group, under the direction of Matthew Waatti, has more than 20 years of experience working in the real estate, construction, and property management sectors in the Flathead Valley. More than 50 real estate ventures, including multi-family, luxury condos, hospitals, business retail centres, and housing developments.