Headlines for PE News
Government to Roll Out District Housing Scheme in Phases
Land banking in Ghana remains a high-reward, inflation-resistant investment option for strategic, long-term investors.
Spain’s consumer rights ministry has ordered Airbnb to remove over 65,000 listings from its platform.
The Government of Ghana is preparing to launch a District Housing Scheme this year, aimed at addressing the country’s pressing housing deficit. This was revealed by the Deputy Minister for Works and Housing, Hon. Gizella Tetteh-Agbotui, during a site inspection in Ajumako in the Central Region—one of the locations earmarked for the pilot phase of the initiative.
According to the Deputy Minister, all districts selected for the first phase will begin work after the official launch. She explained that the phased approach is a deliberate strategy to avoid the pitfalls of previous large-scale government projects that stalled due to funding issues.
“The reason we are doing this is that, most of the time when we undertake projects like these, we have to be realistic. You know the previous government started Agenda 111, and they launched everything at once. At some point, when they ran short of funding, everything stalled. We don’t want to repeat that,” Hon. Tetteh-Agbotui stated.
The District Housing Scheme is expected to deliver affordable housing across the country, starting with selected districts in the pilot phase. By adopting a realistic and structured rollout, the government hopes to ensure sustainable funding, smooth execution, and long-term impact.
Land remains a reliable hedge against inflation, as shown during Ghana’s high inflation period in 2022–2023, when average inflation reached around 54%.At the height of economic uncertainty triggered by the Domestic Debt Exchange Program (DDEP), many individuals sought safer investment options. Land banking emerged as a secure and profitable strategy, with investors in Tema Community 25 seeing plot prices rise from GH¢120,000 to over GH¢470,000 in just over two years.
Land is also considered a legacy asset—unlike vehicles or some businesses, land can be passed down indefinitely without losing value. For beginners, land offers an affordable entry into the real estate market and an opportunity for future expansion.
However, land banking comes with challenges including title disputes, encroachment, land guard threats, policy uncertainties, and liquidity issues. Legal and professional guidance, including proper due diligence, fencing, and strategic location selection, are key to mitigating these risks.
Despite risks, land banking in Ghana remains a high-reward, inflation-resistant investment option for strategic, long-term investors.Farmers in the Adentan Municipal Assembly in Accra are raising concerns over the loss of their farmlands to estate developers, which they say is threatening their livelihoods. At a recent event where the Ministry of Food and Agriculture (MoFA) donated 1,000 bags of fertilizer under the Feed Ghana programme, farmers revealed that over 50% of the state lands they had cultivated for more than 30 years have been taken over.
Mr. Yidana Silifu Illiasu Awal, Chairman of the Aviation Farmers Association, lamented that the association’s membership has dropped from 300 to 100 due to the land encroachments. He appealed to the government to intervene and provide additional support, such as seedlings, irrigation systems, and access to tractors.
Deputy Minister of Agriculture, John Kofi Setor Dumelo, assured the farmers that the government will reclaim encroached lands for agricultural use. He noted that the Operation Recover All Loot (ORAL) Committee is already identifying lands to be returned to farmers.
The Feed Ghana programme coordinator, Mr. Bright Demordzi, encouraged the farmers to form cooperatives and liaise with district agriculture officers to access resources more effectively.
Spain’s consumer rights ministry has ordered Airbnb to remove over 65,000 listings from its platform.
This move aims to address the housing crisis exacerbated by short-term rentals, which have been linked to rising rents and reduced housing availability for residents. The action is part of broader efforts to regulate the tourism sector and ensure housing accessibility for locals.
Spain’s consumer rights ministry has ordered Airbnb to remove over 65,000 listings from its platform.
This move aims to address the housing crisis exacerbated by short-term rentals, which have been linked to rising rents and reduced housing availability for residents. The action is part of broader efforts to regulate the tourism sector and ensure housing accessibility for locals.
Source : Property Express Magazine -Joycelyn Magazine
