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Data from the Ghana Construction Report 2022 indicates that Ghana has a largely
untapped market for affordable housing.
Government has been urged to invest in the recycling of plastic trash for the
creation of building and paving blocks.
In International News
Experts say South Africa has the potential to draw data centers to its real estate
market.
Data from the Ghana Construction Report 2022 indicates that Ghana has a largely
untapped market for affordable housing.
Data from the Ghana Construction Report 2022 indicates that Ghana has a largely
untapped market for affordable housing, commercial buildings, and infrastructure
development.
This presents a significant opportunity for investors and businesses in the country’s
construction industry.
The report further indicated that the government has made significant investments in
infrastructure development, driving rapid growth in the country’s construction sector, and
providing opportunities for investors and businesses in the industry.
The sector offers several opportunities in commercial, residential, industrial and
infrastructure construction.
According to the report, construction revenue rose from just over GH10.4 billion cedis in
2013 to GH 29.3 billion cedis in 2021
Data from the Ghana Statistical Service (GSS) also showed that the construction sector
expanded by 14.25% and 12.4% (year-on-year) in the Q1 and Q2 of 2021, culminating in
an average annual growth of 5.9% in the same year.
The outlook for Ghana’s construction sector remains moderately positive, primarily
driven by government fiscal plans for infrastructure.
Government has been urged to invest in the recycling of plastic trash for the
creation of building and paving blocks.
The government has been urged to invest in the recycling of plastic trash for the creation
of building and paving blocks by Mr. Sualla Ishaq, CEO of Smart Plastics and Recycle
Limited.
Mr. Ishaq told the reporters in Ashaiman that expanding the production of plastic blocks
into a massive commercial scale would help the government combat the plastic plague
and improve the environment.
Accordingly, he said that his business is evaluating the market’s potential and is now
repurposing all types of plastic waste into a variety of products, including building
supplies and plastic blocks.
The director of the company, Mr. Emmanuel Owusu, explained that paving blocks of
various sizes are created using the plastic materials purchased from collectors and can be
utilized for building housing and roads.
Concern over the inadequate representation of women in the real estate industry
Concern over the inadequate representation of women in the real estate industry has been
voiced by Ms. Hanna Atiase, CEO of E Wells Realty and Consultancy.
She emphasized the need of empowering young women to enter the industry while
speaking at the inaugural women in real estate conference in Accra.
She claims that because men predominate the real estate industry, there is a need for
female role models who young women may look up to as they consider careers in the
industry.
Ms. Atiase also discussed the mentorship programs for African Women in Real Estate,
which would give young women practical experience, assist them in choosing a career in
the field, and give them empowerment.
She lavished praise on Madam Theresa Oppong Beeko, a trailblazer for female real estate
entrepreneurs.
According to Ms. Atiase, women must feel more at ease in the industry and explore the many job
options available throughout the real estate value chain, notably in the field of interior design.
The purpose of the conference was to provide women the tools they needed to succeed in the
field, network, and exchange ideas.
Ghana, Morocco, and Kenya were represented among the speakers at the event.
In other news
South Africa has emerged as an increasingly attractive destination for data center
operators. Calvin Crick, the managing director of transaction services at Cushman &
Wakefield BROLL, has confirmed the nation’s growing appeal and its ability to attract
data centers to its property market.
Cushman & Wakefield, a leading real estate services company, has been actively
involved in advising numerous operators on successful transactions in South Africa,
reaffirming the findings of their recently published Global Data Centre Market
Comparison report.
The report reveals a surge in demand from hyperscale tenants, who are expanding their
operations in secondary and emerging markets, with Africa being a prominent focus in
their growth strategy.
Among the African markets, Cape Town has secured its position as one of the top ten
global markets to watch for future data centre locations. The city’s strategic coastal
location and robust infrastructure have attracted attention from industry players.