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The African Real Estate Investment Summit is set to take place on July 20th, in Accra

Ghana Standards Authority and the Engineering Council to improve standards in the
building sector

In International news

Property investment in China slid nearly 8% in the first half of the year,

African Real Estate Investment Summit slated for July 20

The African Real Estate Investment Summit is set to take place on Thursday, July 20th, in Accra,
Ghana.

Organized in conjunction with the Ghana Real Estate Brokers (GAREB), the event aims to
address significant gaps in Ghana’s real estate sector and provide a memorable and
transformative experience for attendees.

Mr. George Ansong, a renowned real estate broker, author, and entrepreneur, will be one of the
speakers at the event. In an interview with PE TV in Accra, he emphasized that many agents in
the real estate sector are not involved in the investment side of the industry.

This prompted him to author a book to educate individuals on real estate principles and various
investment methods applicable to different settings and environments.

The summit will cover a wide range of topics related to real estate. Some of the key discussions
include “Seven Critical Steps to Real Estate Investment” and “The Investor-Friendly Agent in the
Marketplace.” The aim is to provide valuable insights and knowledge for both seasoned investors
and those new to the real estate market.

Following the event, there will be a mastermind group established to facilitate discussions and
address pertinent questions in the real estate space.

This will provide participants with a platform for ongoing learning and networking opportunities.

The Ghana Standards Authority (GSA) and the Engineering Council (EC) are
collaborating to improve standards in the building infrastructure sector.

The partnership is expected to ensure adherence to the country’s building code to prevent the
collapse of buildings.

Dr Kwame Boakye, the Board Chair of EC, said this at the inauguration of a 12-member joint
Committee of GSA and EC aimed at promoting public education on good engineering practices.

The committee will engage with relevant stakeholders that deal with engineering products and
ensure the application of quality and standards in the building sector.

Dr Boakye administered the Oath of office and Secrecy to the Committee members.

Dr Boakye underscored the importance of standards, saying standards are about enlightenment
and that any society that does not have standards is in the dark

He said the country needed standards in all spheres to protect the safety of its citizens.

In other news

An Accra High Court has ordered Osprey International Limited to appear before it to answer
questions on payment for 5,038 acres of land situated at Sege in the Greater Accra Region.

The said land is said to be part of the land acquired by the Ministry of Works and Housing as
part of the land banks for the construction of safe, decent, secured and low-income affordable
housing units for the people of Ghana.

The court said the managing director or his accredited representative must be in court to answer
any questions on the account

The court ordered Osprey International (Managing Director) to furnish the court with detailed
accounts of all monies that it has received and disbursed for and on behalf of the parties (Richard
Dornu Nartey, the applicant) and Osprey International, the fifth defendant in the case.

The case has been adjourned to July 21, 2023

In international news
Property investment in China slid nearly 8% in the first half of the year, official data showed
Monday, marking a deepening decline for a sector that accounts for up to a quarter of the world’s
second-largest economy.
The National Bureau of Statistics said the sector will gradually stabilize as the broader economy
recovers, and is shifting from high-speed development to stable development in the medium to
long term.
The country’s property sector is struggling to emerge from a credit crisis after the government
cracked down on its debt levels in August 2020. Years of exuberant growth has led to the
construction of ghost towns where supply outstrips demand, as developers look to capitalize on
the desire for home ownership and property investment.

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