In the headlines
Ghana, Maltese firms broker $10 million partnership deal
President of the Ghana Institute of Architects has given the assurance that the private
sector is ready to work with Assembly to help with development
In News elsewhere
Sudan’s Real estate market is experiencing unprecedented stagnation
Ghana, Maltese firms broker $10 million partnership deal
The building of a $10 million facility for the production of materials and chemicals currently
required in the construction industry has been facilitated by a private sector partnership
agreement negotiated by the Ministry of Trade and Industry and the Maltese High Commission
in Ghana.
The facility, which will be built in Ghana, is planned to manufacture high-quality materials and
chemicals that are often imported and used in the construction industry’s numerous sectors.
It would provide specialist paints designed to stop moisture in structures, which is a big issue for
the nation’s housing industry, especially in Accra.
The amount of locally produced raw materials needed for the factory’s output would be roughly
70%.
Still staying on this
JL Properties’ Chief Executive Officer, Dr. James Orleans-Lindsay, announced to the media in
Accra that the company was taking steps to develop products specifically made to address
problems peculiar to Ghana’s construction industry.
Dr. Orleans-Lindsay claims that excessive moisture, or moisture in any of its manifestations
(vapor, liquid, and flooding), continues to be the most common problem in dwellings,
particularly in Accra, which is situated below sea level.
According to Mr Ward Caldwell, CEO of RA & Sons Manufacturing Ltd., the situation in Ghana
called for prompt intervention. He continued that while wetness in buildings was a major issue
for home construction worldwide, things were different in Ghana.
He warned that unhealthy living conditions are produced by damp buildings and that moisture
seeping through walls and ceiling may cause unsightly patches, and may cause softening and
crumbling of plaster, especially lime plaster.
He said the government’s policies, including the one district, one factory initiative was purposely
set up to support the private sector to expand and partner others across the globe for accelerated
development.
President of the Ghana Institute of Architects has given the assurance that the private
sector is ready to work with Assembly to help with development
Mr Foster Osae Akonnor, president of the Ghana Institute of Architects, has said landowners
across the country need permission from the assembly to build on their land.
Speaking to the media in Accra, he stressed that every construction project must go through
certain procedures and effective supervision .
Mr Osae Akonor said the government controls the country’s development and gives it absolute
control over the country
The. Architect urged the public to follow proper procedures before building a building,
including obtaining a building permit.
According to him, even if the assembly gives the go-ahead, builders have an obligation to be
involved at every stage of construction. This is known as quality assurance or quality control, he
said.
He gave the assurance that the private sector is ready to work with Assembly to help with
development oversight and other issues.
We go to Sudan where
The real estate market is experiencing unprecedented stagnation
According to dealers who spoke to Sky News Arabia, The market is experiencing unprecedented
stagnation, in addition to a significant decline in the value of residential land and built houses.
The large supply of residential land corresponds to almost non-existent purchases, and the
scarcity of liquidity has contributed to the worsening of the situation in the real estate market, as
banks in the capital, Khartoum, have closed their doors since the start of the conflict. between the
army and the Rapid Support Forces in mid-April.
Farouk Saeed, owner of a real estate agency who spoke to ‘Sky News Arabia’ believes the
industry has entered a dark era after property losses.
With no real estate agencies closed due to the fighting, ordinary people have resorted to online
groups and social networks to offer their residential land and houses in the capital, Khartoum, at
lower prices than in the past, but there doesn’t seem to be any point in buying.
In some upmarket neighborhoods in eastern Khartoum, such as Riyadh, as well as in Bahri and
the suburb of Jabra, south of the capital, which once rivaled the capitals of major countries in
price, citizens were offering houses and residential land for sale. at around 30% lower amounts
than before.