Real Estate News

Government affordable housing initiative nears completion at Amrahia

The Government of Ghana is making significant strides in addressing the country's housing deficit with the near completion of 200 housing units at Amrahia. These units, constructed by the State Housing Company (SHC) in partnership with private developers, are part of a broader initiative to provide affordable housing nationwide. During a working visit to the site on Wednesday, July 10, 2024, the...

CIR and CRE join forces to tackle Ghana's housing crisis

CIR and CRE join forces to tackle Ghana’s housing crisis

The Chartered Institute of Realtors (CIR) and the Chamber of Real Estate (CRE) have announced a strategic partnership to address Ghana's urgent housing challenges through comprehensive public and social housing initiatives. This collaboration aims to bring together key stakeholders, including real estate developers, traditional leaders, and community representatives, to foster sustainable housing...

Government to partner with private developers for large-scale housing projects in Ghana

Government to partner with private developers for large-scale housing projects in Ghana

The Ministry of Works and Housing has announced a forthcoming partnership with private developers to undertake large-scale housing projects in Ghana. According to the Minister of Works and Housing, Kojo Oppong Nkrumah, the necessary incentives package and Public-Private Partnership (PPP) Framework for this initiative are pending approval by the Cabinet and Parliament, following engagement with the...

State housing projects in Amrahia 75% done - Kojo Oppong Nkrumah

State housing projects in Amrahia 75% done – Kojo Oppong Nkrumah

Mr Kojo Oppong Nkrumah, the Minister of Works and Housing, says ongoing state housing projects in Amrahia are 75 per cent done. He said most of the structural and infrastructural work was done, with the project moving towards finishing touches like interior fittings, landscaping, and final inspections. The Minister was speaking at an inspection of housing projects in Amrahia and Adenta in the...

John Mahama pledges to prioritise the passage of the Rent Control Bill if elected President

John Mahama pledges to prioritise the passage of the Rent Control Bill if elected President

The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has pledged to prioritise the passage of the Rent Control Bill if elected in the upcoming election.  His goal is to protect tenants from the financial strain of paying more than one year's rent in advance. In a Facebook post on Friday, June 28, the former president expressed solidarity with the 19 million renters in...

Ministry of Works and Housing to receive bids for Saglemi Housing Project

Ministry of Works and Housing to receive bids for Saglemi Housing Project

The Ministry of Works and Housing is poised to receive bids from private sector entities eager to take on the redevelopment of the long-stalled Saglemi Housing Project. This crucial step comes as the deadline for the submission of proposals approaches, signalling a new chapter in the effort to complete this significant housing initiative. With 10 potential developers expressing interest after...

Ghanaian government advocates increased use of local materials in construction projects

Ghanaian government advocates increased use of local materials in construction projects

Government is pushing for the use of more local materials in the construction of housing and other infrastructure projects in the country. It has already directed District Assembles to use more local materials when it comes to provision of houses for various government workers and infrastructure projects partly financed by the government. Minister for Works and Housing, Kojo Oppong Nkrumah disclosed...

Rev. Dr. George Dawson-Ahmoah, Executive Secretary of COCMAG

Cedi depreciation shot up cement prices – Chamber of Cement Manufacturers

The Chamber of Cement Manufacturers (COCMAG) has justified the recent price hikes in cement products. According to the chamber, the increase in the prices is largely as a result of the depreciation of the Ghanaian cedi against the US dollar and rising cost of production. This comes after the Minister for Trade and Industry, K. T. Hammond, addressed the recent surge in cement prices by directing the...

Ghana Real Estate Development Association (GREDA)

Cement price increment worst I have seen in recent times – GREDA Executive Secretary

The Executive Secretary of the Ghana Real Estate Development Association (GREDA), Sammy Amegayibor, has expressed concern over the recent increase in cement prices. He clarified that cement is a major component in building and construction, so any significant change in its price greatly impacts their operations and activities. Speaking on JoyNews’ News Night on Thursday, May 16, Mr Amegayibor...

K. T. Hammond

Minister for Trade acts to stem cement price hikes

The Minister for Trade and Industry, K. T. Hammond, has taken a decisive action to address the recent surge in cement prices by directing the Cement Manufacturing Development Committee (CMDC) to intervene immediately.  This directive follows his earlier instruction to the CMDC during its inauguration on March 8, 2024. Mr Hammond emphasised the need for cement manufacturers in Ghana to reverse...

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