The Ministry of Works and Housing says it will take swift action against real estate developers destroying a number of river basins in the national capital, Accra. There are nine river basins in Accra which have either been choked or encroached upon. The Works and Housing Minister, Samuel Attah Akyea said he will take up the … Read more
The Minister for Works and Housing, Samuel Atta Akyea has stated that government’s prime focus is to make acquisition of house affordable to all Ghanaians. Atta Akyea made the statement when Ghana joined the world to celebrate World Habitat Day which fell on 2nd October 2017, under the theme: “Housing Policies, Affordable Homes” in Accra. … Read more
It is an undeniable fact that correcting Ghana’s housing deficit would require concerted efforts by both the government and private sector. At Citi FM’s Housing Forum which came off on Tuesday at the Alisa Hotel, discussants identified the systemic challenges facing the housing sector and looked at ways to correct the trend. These bordered on … Read more
The Ghana Real Estate Developers Association (GREDA) has stated that the industry is facing huge crises due to its unproductive nature. The Association has attributed this to the low patronage as a result of the high costs of properties. According to GREDA, though its members are expected to produce about 70, 000 houses, they only … Read more
Guantoahene of Gomoa Ajumako Traditional Area, Nana Apata Kofi V, has called for the review of the Rent Control Law to limit the number of months for rent advance to six months. He believes would go a long way to bring some relief to both old and prospective tenants, particularly workers in state organisations. It … Read more
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Mr Kwaku Sakyi-Addo, has urged telecommunications to deploy fibre broad bands to homes and offices, as a means of preventing cable theft in the industry. “The deployment of landlines is one of the strongest ways in enabling the delivery of efficient network broad bands to … Read more
Mobile telecommunication network, Vodafone Ghana, has introduced unto the Ghanaian market a new Fibre Broadband service as part of the company’s SuperNet initiative. The SuperNet campaign, which was launched a week ago, aims at investing and ensuring that Ghanaians have affordable, reliable and efficient communication at homes and offices. The new Fibre Broadband by Vodafone … Read more
A leading telecommunications company, Vodafone Ghana has taken a giant stride in improving broadband technology in the country with the introduction of a faster data transfer system. The fibre optic broadband technology delivers significantly faster download broadband speed than conventional broadband ADSL and (modern) ADSL2+ services. The Fibre to the Home (FTTH) product is one of … Read more
Fiscal policy to some extent if not large is influenced by political ideology. The previous government led by the social democrats – NDC Party – was famous for excessively taxing Ghanaians. During their regime, two real estate taxes – the rent tax and real estate VAT – were introduced. The Ghana Real Estate Developers Association … Read more
The Minister nominee for Works and Housing, Samuel Atta Akyea has stated that the NPP government will introduce a housing fund to subsidize the cost of housing for low-income earners. According to him, financing is one critical factor that has impeded Ghana’s efforts at reducing the widening housing deficit. Mr. Atta Akyea also believes the … Read more
The Minister nominee for Works and Housing, Samuel Atta Akyea has stated that the NPP government will introduce a housing fund to subsidize the cost of housing for low income earners. According to him, financing is one critical factor that has impeded Ghana’s efforts at reducing the widening housing deficit. Mr. Atta Akyea also believes … Read more
Real estate developers say they are eagerly awaiting the scrapping of the five per cent Value Added Tax (VAT) that was imposed on real estate sales by the outgoing administration. After making the issue one of its campaign promises, the General Secretary of the Ghana Real Estate Developers Association (GREDA), Mr Samuel Amegayibor, said it … Read more
Shai hills which is located in the Shai Osudoku District Assembly is known for having lots of hills. This area of the district is made up of hills that is vested with rocks which is good for our construction sector. Moving from Tema towards Akosombo, most of the hills and the mountains are found on … Read more
The relative high cost of properties in Ghana’s real estate industry may be reduced if Ghana stems up measures to reduce interests and regulate land acquisition processes. This is the view of General Manager of Devtraco Plus Limited, Cyril Tay. His comment comes on the back of concerns that the high cost of properties still … Read more
Land values in the country have risen exponentially over the past 12 months as strong demand for homes soars to the delight of land dealers who are expecting at least double returns on their investment. The situation, which is most telling in the Greater Accra and Eastern Regions has unerved potential homeowners who have had … Read more
Public irrigation schemes in some parts of the country are under threat from the activities of illegal mining (galamsey) and real estate developers, Kwasi Asare-Mintah, Director of Planning and Coordination at the Ghana Irrigation Development Authority (GIDA), has disclosed. In an interview with the B&FT, Mr. Asare-Mintah said irrigation lands in Ashaiaman, Weija, Dawhenya, Akurobi, … Read more
Leaked confidential documents from Panamanian law firm Mossack Fonseca reveal the Kufuor administration committed Ghana to an agreement with a foreign company for development and operation of a five-star luxury hotel in Accra without parliamentary approval. According to the leaked files, suspended chairman of the opposition New Patriotic Party (NPP) Paul Afoko received over half … Read more
New tax has both positive and negative implications Ghana’s capital, Accra, is one of Africa’s leading real estate investment destinations. On October 1 this year, Ghana’s real estate industry is set to be included in the list of sectors subject to value added tax (VAT). VAT is a type of consumption tax that is placed … Read more