Fidelity Bank, Ghana's leading indigenous private bank, has announced a strategic partnership with Mayfair Estates Ghana Limited to improve homeownership accessibility. The collaboration, formalized through a Memorandum of Understanding at the Mayfair Estates Property Roadshow at Mayfair Gardens, addresses critical issues of affordability and housing shortages in Ghana. The agreement combines Fidelity...
To address Ghana’s housing deficit, the Ministries of Finance and Housing have engaged real estate developers and other stakeholders on a proposed incentives package for the housing industry. The proposed incentives were outlined by the Minister for Works and Housing, Kojo Oppong Nkrumah, at the ongoing Built Environment National Conference on Housing and Hydrology (BENCHH) 2024 in Accra. Speaking...
Several real estate firms in Ghana have defended the high cost of houses in the country, attributing it to the rising expenses of construction and the need to absorb development costs. Speaking on PM EXPRESS BUSINESS EDITION on November 10, 2023, the Executive Director of Elegant Homes, Dorothy Afua Quarshie, emphasized the challenges faced by developers in financing social amenities and road...
How do you secure a property loan in Ghana? Are you seeking to acquire a property loan from your bank in Ghana? This article is for you. When seeking a loan for property purchase in Ghana, meticulous preparation of necessary financial documents is crucial. These include proof of income, bank statements, tax returns, and other pertinent financial records. Ensuring the organization and readiness of...
Adentan Municipality, Ghana - Lakeside Estate, a prominent real estate developer and the proud recipient of the Chartered Institute of Marketing Ghana (CIMG) real estate marketing company of the year 2021 award, has officially launched its latest project, 'Lakeside Hills.' The new lifestyle community aims to redefine comfortable living experiences for both families and individuals. Dr Prince Joseph...
The Ghana Real Estate Developers Association (GREDA) has voiced concern over the surge of illicit funds into the real estate sector, signalling potential economic repercussions. The association highlights the sector's vulnerability to money laundering, attributing it to tightened banking systems diverting illicit money toward real estate. GREDA's Executive Secretary, Sammy Amegayibor, stressed the...
In 1877, the pivotal decision to relocate the Gold Coast's capital to Accra initiated a transformative journey that shaped the city into a bustling commercial hub, embodying the allure of urban living. However, Accra's meteoric rise, constituting nearly 17% of the nation's population within a mere 1.4% of the country's land mass, has birthed a phenomenon with both challenges and promising prospects...
ACCRA, Ghana - The government has received a call to provide robust support to the real estate industry to facilitate the construction of affordable houses for Ghanaians. John William Adel, President of real estate firm Kasa Bazaar, emphasized the importance of government intervention to bolster the real estate sector. Speaking at the launch of Kasa Bazaar in Accra, Adel urged the government to...
Benjamin Kofi Quashie, the Group Chairman of Allied Consortiums, has asserted that the private sector can play a crucial role in addressing Ghana's housing deficit. Mr Quashie proposed incorporating the Southern African mortgage and rental system, citing South Africa's robust real estate business as an example. In an interview with Joy News, Mr Quashie emphasized the effectiveness of South Africa's...
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