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Absa Bank Plays Key Role in Ghana’s Real Estate Investment and Ownership Empowerment
Residential and Hospitality Market Analysis by Estate Intel shows Positive Trends in Lagos, Accra, and Nairobi.
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UK house prices will not stop falling until 2025, Lloyds predicts
Absa Bank Plays Key Role in Ghana’s Real Estate Investment and Ownership Empowerment
Absa Bank has emerged as a prominent player in the real estate sector, offering investment opportunities for Ghanaians through its mortgage offerings, among other leading initiatives.
In a series of engagements, collaborations, and partnerships, Absa Bank organized a one-day Property Ownership and Investment Fair designed to assist clients in making well-informed decisions regarding property ownership.
Mr. Abdulai Abanga, the Deputy Minister of Works and Housing, emphasized the government’s commitment to providing affordable housing units for Ghanaians through collaborations with the private sector.
Mr. Kobla Nyaletey, the Executive Director of Retail and Business Banking at Absa Bank, underscored the bank’s dedication to empowering its customers and investors with the knowledge and resources necessary to make informed decisions about property ownership and investment.
Traditional ruler and five others granted bail for land guard activities
Five individuals, including a traditional leader, who were charged with conspiracy, land guard activities resisting arrest, and assaulting a police officer, have been granted bail.
During their second appearance before an Accra Circuit Court, they were released on bail in the amount of GHC50,000 each, with two sureties.
The accused .persons Isaac Ablor Sowah, a 51-year-old traditional ruler,and five others
pleaded not guilty to the charges.
Prosecution led by DSP Maxwell Oppong said the complainant, Ernest Adjato, resided at Ashongman Estates, while the accused individuals resided at Abokobi
On October 5, 2023, the complainant lodged a petition with the Police that he owned 22.98 acres of land at Pantang, which he had purchased from his grantor Jacob Kofi Dwamena, who possessed a land title certificate for the property.
Moving on to our next story
Residential and Hospitality Market Analysis by Estate Intel has shown Positive Trends in Lagos, Accra, and Nairobi.
Some markets, such as Ajah in Nigeria and Ridge in Accra, have seen significant growth in US dollar terms (above 5%) over five years due to a higher concentration of luxury and affordable housing units, leading to increased demand.
Renewed government initiatives in affordable housing, especially in Nairobi, Lagos, and Accra, are expected to drive institutional participation in this asset class, with heightened investor interest
The outlook for the residential sector is positive, with an increased focus on ultra-luxury and affordable housing.
In the hospitality sector, there has been a strong rebound.
The development pipeline is robust, with significant numbers of new keys planned in Lagos, Accra, and Nairobi.
Joycelyn Marigold – Africa Home Building News