Ghana’s economy has been growing steadily, and the country is poised for greater growth and development.
However, this growth depends on various factors, including infrastructure development.
The government has recognized the importance of infrastructure development and has put in place initiatives to attract investment in this sector, including developing the capital market.
The capital market plays a crucial role in mobilizing long-term funds for infrastructure development and property investment.
By providing a platform for companies to raise funds through bonds and shares, the capital market can help finance large-scale property development projects, address the housing deficit, and provide commercial space for businesses.
A well-developed capital market can also attract foreign investment, increase transparency and accountability in the industry, and provide a platform for property developers to list their companies and raise funds from the public.
The Ghana Stock Exchange (GSE) has taken steps to improve the capital market, including introducing new products and relaxing rules for more flexibility.
However, more needs to be done to increase liquidity, reduce transaction costs, and attract more investors.
The 2024 Ghana Property Awards, with the theme “Nurturing Capital Market for Ghana’s Infrastructure Growth,” recognizes the importance of the capital market in driving property market growth.
The awards will bring together stakeholders to discuss challenges, proffer solutions, recognize excellence, and encourage players to strive for better performance.
In conclusion, nurturing the capital market is crucial for Ghana’s property market growth.
By providing access to long-term financing, attracting foreign investment, and increasing transparency and accountability, the capital market can help unlock the full potential of the property market.
With the right policies and regulations in place, Ghana’s property market can become a hub for investment and growth in West Africa.
Source : Joycelyn Marigold, Property Express Magazine
