Headlines for PE News 07/03/25
E. Wells Realty and Consultancy honoured as one of the Top 100 Emerging Global Businesses of 2025.
John Sheriff Bawah has been appointed as the new Managing Director of State Housing Company Limited (SHCL)
The UK construction sector experienced a significant decline in February,
E. Wells Realty and Consultancy, a distinguished real estate marketing and consultancy firm based in Accra, Ghana, has been honoured as one of the Top 100 Emerging Global Businesses of 2025. The prestigious award ceremony took place at the House of Lords in the United Kingdom, underscoring the company’s significant impact on the global real estate landscape. Representing E. Wells Realty at this esteemed event was Sam, a valued partner from Ghana Bound, who accepted the award on behalf of the company.
Established in March 2014, E. Wells Realty has rapidly ascended to prominence under the leadership of CEO Hanna Atiase.
The firm offers comprehensive advisory services in mortgage finance, sales, marketing, leasing, and investment, catering to both Ghanaian residents and the diaspora community. Atiase, a co-founder of the Ghana Association of Real Estate Brokers (GAREB), has been recognised with numerous awards, including the Most Respected CEO in Real Estate (2020) and African Woman Achiever in Real Estate (2023).
The recognition at the House of Lords adds to a series of awards E. Wells Realty has garnered in recent years. These include the Trusted Real Estate Broker of the Year at the Ghana Property Awards (2022) and the Real Estate Broking Company of the Year at the Ghana-West Africa Business Excellence Awards (2023). Such honours reflect the company’s unwavering commitment to excellence and its dedication to serving clients with integrity and professionalism.
A pivotal aspect of E. Wells Realty’s success lies in its strategic partnerships with notable organisations. The firm has collaborated with the Diaspora Affairs Office of the President, Ghana Investment Promotion Centre (GIPC), Ghana National Chamber of Commerce (GNCC), Diaspora African Forum (DAF), and the Beyond the Return initiative. These alliances have strengthened the company’s ability to connect the diaspora with lucrative real estate opportunities in Ghana, fostering economic growth and community development.
John Sheriff Bawah has been appointed as the new Managing Director of State Housing Company Limited (SHCL). With over 15 years of experience in real estate development, project management, and international business, Mr. Bawah aims to transform Ghana’s housing sector by leveraging innovation, efficiency, and strategic partnerships to expand homeownership opportunities.
In his initial meeting with SHCL management, Mr. Bawah emphasised his commitment to improving estate management services and ensuring the development of modern, well-planned housing projects that cater to both urban and rural communities. He advocates for the use of modern construction technologies, such as prefabricated materials, to reduce building costs, making quality housing more affordable and accessible for all Ghanaians.
Mr. Bawah’s extensive career includes leadership roles in multinational companies like Beiersdorf, Nestlé Ghana, and Nokia SSA, where he successfully established operations across multiple countries. His strategic vision for SHCL focuses on introducing cost-effective, high-quality housing solutions tailored to the needs of the average Ghanaian, thereby addressing the nation’s housing deficit and contributing to economic growth and job creation.
Under Mr. Bawah’s leadership, SHCL plans to partner with the private sector to construct low-cost houses, prioritising the needs of low- and middle-income earners. This approach aligns with the government’s Affordable Housing Initiative, which utilises a public-private partnership model to provide essential infrastructure and enable private developers to build at scale, ensuring housing units are priced at truly affordable rates.
Mr. Bawah’s appointment signals a promising and transformative future for SHCL, with a clear focus on modernising estate management and strengthening the company’s role in national development.
The Ghana Real Estate Developers Association (GREDA) has initiated a Real Estate Investment Trust (REIT) to enhance mortgage financing in the country. This strategic move aims to tackle the numerous financial challenges hindering the real estate sector’s growth.
Outgoing GREDA President, Patrick Ebo Bonful, highlighted the necessity of this initiative, stating that while banks are contributing, their efforts are insufficient for substantial industry growth. He emphasized the need for a dedicated REIT to drive mortgage finance activities, allowing members to focus more on construction, with the investment portfolio managing property rentals and sales to the public.
The UK construction sector experienced a significant decline in February, with the S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) dropping to 44.6 from January’s 48.1. This marks the lowest activity level since May 2020 and indicates a contraction in the industry, as any PMI reading below 50 signifies a decrease in construction activity.
reuters.com
The residential construction sector was particularly affected, with its PMI reading falling to 39.3 in February from 44.9 in January. This represents the fifth consecutive month of decline and the sharpest contraction since early 2009, excluding the pandemic period. Factors contributing to this downturn include weak demand, high borrowing costs, and a scarcity of new projects.
Civil engineering activity also saw a steep decline, while commercial construction experienced a slight decrease. New orders hit their lowest point since May 2020, leading to reductions in output, employment, and input purchasing. Businesses faced increased input costs due to higher prices for raw materials, energy, fuel, and wages, further pressuring the sector.
Source : Joycelyn Marigold -Property Express News
