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In the headlines
Government reaffirms its commitment to promoting sustainable construction practices in the country.
National Tenants’ Union of Ghana Opposes Private Partnership for Saglemi Housing Project
Oman’s Real Estate Sector Sees Steady Growth, Attracts Foreign Investment
Let’s dive into the stories
The government of Ghana has reaffirmed its commitment to promoting sustainable construction practices in the country.
A workshop was held in Accra, bringing together industry leaders, policymakers, and environmental experts to discuss the adoption of sustainable materials and energy-efficient systems in the built environment.
The initiative aims to reduce the environmental footprint of building practices and promote a more resilient and environmentally friendly construction sector. The Ministry of Works and Housing, in collaboration with UN-Habitat and UNOPs, plans to continue promoting sustainability initiatives that align with Ghana’s development goals.
The government has committed to sustainable construction practices to reduce the environmental impact of buildings.
Away from that
The National Tenants’ Union of Ghana has announced its intention to take legal action and organize nationwide protests against the government’s proposal to partner with private entities to complete the Saglemi Housing Project.
The Ministry of Works and Housing invited private proposals for the project’s completion on April 17, 2024, with a promise of transparency from Sector Minister Kojo Oppong Nkrumah.
However, the union argues that this move undermines the project’s objective of providing affordable housing and has urged the government to reconsider its decision.
If not, the union plans to hold demonstrations across the country, adopting a “one region, one demo” approach. The deadline for submitting proposals is July 9-15, 2024.
In more news
The Executive Director of the African Centre for Security and Counterterrorism, Emmanuel Kotin, has called for strict enforcement of land tenure and administrative laws to address land disputes and landguardism in Ghana.
He made this call following the recent shooting of a military officer over a land dispute, which resulted in the officer’s death. Kotin emphasized that Ghana has good laws, but their enforcement is lacking, leading to increased land disputes.
The police have commenced investigations and arrested one suspect in connection with the incident.
On the International Front
Oman’s real estate sector is experiencing a significant surge, with a 6% increase in trading volume in 2023.
This growth is expected to continue, driven by large-scale projects like Sultan Haitham City.
The sector is anticipated to attract around 70% of Oman’s total foreign direct investment (FDI) in the coming years.
These figures indicate a strong and growing interest in Oman’s real estate market, with foreign investors playing a significant role in the sector’s expansion.
Source : Joycelyn Marigold & Diana Okyerebea – PE News
VOTING ONGOING – AFRICAN PROPERTY AWARDS 2024
