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The Ghana Institution of Engineering (GhIE), has inducted 207 new Professionals
Municipal, District Chief Executives tasked to sanitize building space
And in more news
South Africa’s property market is still seeing large amounts of activity, despite high
interest rates.
The Ghana Institution of Engineering (GhIE), has inducted 207 new Professionals
The Ghana Institution of Engineering (GhIE), has inducted 207 new Professionals into the
institution, at its 38th induction ceremony held at the Engineers Centre.
The Chairman of the Membership Committee of GhIE, Ing. Dr. Patrick A. Bokoe presented 207
Inductees.
Inducting the new Engineering Professionals, the President of GhIE, Ing. Kwabena Bempong
urged the newly inducted Engineering professionals to uphold the tenets of the Institution and
jealously guard its professional attributes.
Municipal, District Chief Executives tasked to sanitize building space
The Eastern Regional Coordinating Council (ERCC) has charged all the 33 Municipal and
District Chief Executives to take steps to ensure land developers follow building regulations.
Addressing the meeting, Mr. Seth Kwame Acheampong, Eastern Regional Minister, said that no
physical construction should take place without an authorization from the assembly.
He said it was the job of the assemblies to verify that developers respected construction
regulations.
He charged the Municipal and District Chief Executives, who are chairpersons of the Spatial
Planning committees, to ensure that sanity prevails in the building space.
The Meqasa Home & Property Fair
The Meqasa Home & Property Fair will take place at the Movenpick Ambassador Hotel from
August 5th – 6th 2023.
The fair offers property seekers the opportunity to meet with the nation’s top real estate
developers, home loan specialists and home improvement vendors to help them find their dream
homes, office space and real estate related products and services.
Organizers say there will be various opportunities for attendees to meet new people and identify
those leads that are specifically relevant to their businesses.
In other news
South Africa’s property market is still seeing large amounts of activity, despite high
interest rates.
Since 2021, the South African Reserve Bank has hiked rates ten times, with the current prime
lending rate standing at 11.75%.
Richard Gray, CEO of Harcourts South Africa, told BusinessTech that the interest rates have had
a significant impact on both property sales and rentals.
Gray said. whilst the original increases had a minimal impact, they have seen increases from the
middle of 2022 and 2023 really shift the market.
Prior to the rate hikes, properties were selling very fast, and the competition amongst buyers
meant that the prices being fetched were generally close to the asking price.
With the interest rates going up, the number of buyers has decreased, leading to less demand for
properties.