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Ghana’s Trade Minister Takes Action on Rising Cement Prices
Land Disputes Dominate 90% of Ghanaian Court Cases
Egypt’s Housing Market Surges Amid Economic Reforms
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The Minister for Trade and Industry, K. T. Hammond, has directed the Cement Manufacturing Development Committee (CMDC) to intervene promptly to address the recent surge in cement prices in Ghana.
This directive follows an earlier instruction during the CMDC’s inauguration on March 8, 2024.
Mr. Hammond urged the CMDC to mandate the publication of retail prices by all cement companies.
He proposed a unified pricing mechanism similar to the Unified Petroleum Pricing Fund (UPPF) to promote consistency and fairness in the cement market.
Chaired by Prof. Alex Dodoo, the CMDC, established under the Ghana Standards Authority (Manufacture of Cement) Regulations, 2023, includes representatives from various stakeholders and regulatory bodies.
With its diverse membership, the CMDC is well-equipped to regulate the cement industry and ensure compliance.
Away from that
A recent workshop in Accra addressed the prevalent issue of land disputes in Ghana, which constitute about 90% of cases in Ghanaian courts.
It aimed to enhance legal understanding among citizens to mitigate such conflicts. Topics covered included tenancy agreements, will preparation, and land transactions.
Akua Pokuaa Kwarteng from Legal Link stressed the importance of legal awareness to prevent land disputes and reduce court cases.
Solomon Niikoi Kotey, the Municipal Chief Executive, highlighted the necessity of educating the public on legal matters.
Attendees expressed satisfaction with the knowledge gained, indicating a fruitful day of learning.
In more news
The eighth annual African Property Investment Awards (API Awards) are set to open for entries in South Africa for the first time this year.
Presented at the API Summit in Cape Town on September 19 and 20, 2024, the awards recognize excellence in various sectors of the African real estate industry.
Open to developers, professional teams, consultants, suppliers, and property owners across the continent, the awards celebrate innovation, dedication, and expertise.
Categories include the best developments for shopping malls, residential projects (high-end and affordable), mixed-use, office, and hotel developments.
Additionally, a unique category will highlight industrial, logistics, and alternative real estate assets. Banks, co-working operators, and property services will also be recognized, along with the best transactions and occupier deals.
Egypt’s housing market continues its meteoric rise, fueled by robust demand for property and bolstered by the government’s rigorous economic restructuring efforts in recent years.
These efforts notably include successive currency devaluations and the recent relaxation of regulations surrounding foreign land ownership.
According to data from Egypt’s prominent real estate platform, Aqarmap, the nationwide real estate price index surged by 39.3% in the first quarter of 2024 compared to the previous year.
This growth follows a significant year-on-year increase of 22.3% in the preceding year.
Adjusted for inflation, real estate prices saw a more moderate rise of 4.5% during the same period, amidst sustained high inflation levels.
Source : Africa Home Building News – Joycelyn Marigold
