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Lands Commission among top three categories of public officials who received the largest
cash bribes in 2021.
FNB Mortgage Head has encouraged diasporans to explore home loans for property
acquisition
The Netherlands’ largest cities have introduced restrictions on investors from renting real
estate
ARG1 Africa. celebrates milestone: over 700 successful projects completed in Ghana
ARG1 Africa, led by its Founder and CEO Mr. Ronnie Gabby Mattock, has successfully carried
out over 700 projects in Ghana..
In an exclusive interview with PE TV in Accra, Mr Mattock highlighted the company’s efforts in
introducing elevator technology to Ghana, which required importing specialized employees who
gradually acquired the necessary skills over time.
However, he expressed concerns about the absence of a clear policy governing the elevator
business in Ghana. He also emphasized the need for specific credentials and certifications,
questioning who would be responsible for certifying the industry. Due to the vague regulations,
ARG1 Africa took it upon themselves to ensure compliance, but they welcomed the involvement
of the Ghana Standard Authority, which has enhanced the company’s operations.
Mr Mattock also noted the absence of segmented markets within the elevator business in Ghana,
which poses a challenge. He identified two main obstacles faced by the company: a scarcity of
qualified human resources and difficulties in accessing additional funding.
He stressed the importance of building a good reputation, treating people well, and cultivating
relationships with strategic individuals who can provide support in overcoming obstacles.
The company’s achievements, including previous awards at the Ghana Property Awards, were
attributed to the dedication and teamwork of ARG1 Africa. He suggested that the PE Group
organize a meet and greet session to facilitate knowledge sharing and idea exchange among
stakeholders in the property market, rather than a purely ceremonial event. He emphasized the
value of understanding the steps taken by award recipients that go beyond receiving a certificate.
FNB Mortgage Head has encouraged diasporans to explore home loans for property
acquisition
The Mortgage Head of First National Bank (FNB, Mr Kojo Addo Kufuor has encouraged
individuals in the diaspora who are considering acquiring property to consider taking out home
loans in Ghana.
In an exclusive interview with PE TV in Accra, he emphasized that FNB regularly encourages
diaspora residents and individuals in the sub-region to utilize their services.
The Mortgage Head at FNB acknowledged that high interest rates, land administration issues, the
cost of property to developers, and land title registration are obstacles for those seeking mortgage
services.
He said although land administration has improved, there are still some challenges particularly
the judicial system.
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He said the FBI is currently exploring options to utilize pensions for lending purposes. We have
also considered issuing dedicated bonds specifically for the diaspora to make homeownership
more affordable.
Mr Kojo Addo Kufuor also commended the PE Group for organizing the Property Awards for
the past 15 years.
Lands Commission officials among top three categories of public officials who received the
largest cash bribes paid in 2021.
Lands Commission officers, prosecutors, judges or magistrates and immigration officers are the
top three categories of public officials who received the largest cash bribes paid in 2021.
This revelation is according to a survey conducted by the Ghana Statistical Service (GSS) and
the Commission on Human Rights and Administrative Justice (CHRAJ). The survey is dubbed,
‘2021 Ghana Integrity of Public Services Survey’.
According to the report, the average highest cash bribe [GHc1, 669] was paid to Lands
Commission officers, followed by prosecutors, judges or magistrates with an amount of
GHC1,208 and GHC950 for immigration officers.
The Netherlands’ largest cities have introduced restrictions on investors from renting real
estate
The Netherlands’ largest cities have introduced restrictions on investors from renting real estate
they buy. The share of owner-occupiers grows and the neighborhood population changes. But
rents have increased while house prices haven’t gone down.
The first results about the consequences of the restrictions applied in the Netherlands on real
estate investors were published on June 15 in a study carried out by the University of Amsterdam
and the Erasmus University Rotterdam, with the help of data from the Dutch Land Registry up
until March 31, 2023.
The purchase protection law strongly discourages investors from buying real estate
Any property with a value below a cap set by municipalities cannot be leased for four years after
its purchase.