Real Estate News

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...

Regimanuel Gray Ltd Urges Vertical Development to Meet Ghana's Housing Demands

Regimanuel Gray Ltd Urges Vertical Development to Meet Ghana’s Housing Demands

Mr. Emmanuel Botchwey, the Executive Chairman of Regimanuel Gray Ltd, has called upon stakeholders in Ghana's housing industry to swiftly adopt vertical development strategies to keep pace with the country's rapid urbanization. Speaking at the Ghana Real Estate Developers Association (GREDA) CEOs Breakfast Meeting in Accra, Mr. Botchwey emphasized the need to prepare for future housing demands driven by...

Real estate agent accidentally sets multimillion-dollar property ablaze

Real estate agent accidentally sets multimillion-dollar property ablaze

A recent court judgment has sent shockwaves through the real estate community; an Australian real estate agent inadvertently ignited a multimillion-dollar property while preparing for an open house event. The unfortunate incident, which occurred in an upscale Sydney suburb, was detailed in a ruling handed down by Justice David Hammerschlag of the Supreme Court of New South Wales. According to the court...

One Airport Square

Sentinel REIT acquires One Airport Square

The Sentinel Commercial Real Estate Investment Trust (Sentinel REIT), the first Real Estate Investment Trust (REIT) licensed under the current Securities and Exchange Commission (SEC) REIT Guidelines, has successfully acquired One Airport Square (OAS). OAS, an iconic Grade A building situated in the prime area of Accra's Airport City, has long been a landmark in the region. The nine-story OAS is a...

Real Estate Agency Council

Minister Oppong Nkrumah urges swift opening of Real Estate Agency Council offices by April

The Minister for Works and Housing Kojo Oppong Nkrumah has directed the board and management of the Real Estate Agency Council (REAC) to ensure the opening of the agency's offices by April this year. Since its establishment by law in 2020, the REAC has yet to open its doors to the public. During his inaugural visit on Monday, February 26, 2024, Minister Oppong Nkrumah stressed the urgency of making...

Chamber of Real Estate and Chartered Institute of Realtors to host lecture series

Chamber of Real Estate deepens partnership with Chartered Institute of Realtors for lecture series

In a move to advance collaborative efforts, the Chamber of Real Estate (CRE) has strengthened its strategic partnership with the Chartered Institute of Realtors (CIR) by jointly hosting an upcoming lecture series program. This initiative reflects a commitment to enhancing knowledge and standards within the global real estate industry. The Chamber of Real Estate serves as a collective hub for various...

Imperial Homes

Imperial Homes Limited marks 15th anniversary with health walk

As part of the festivities marking its 15th anniversary, Imperial Homes Limited, a distinguished private real estate firm, conducted a health walk over the weekend. The event, which commenced at the Aviation Social Centre in Accra and wound through prominent streets of the city, saw enthusiastic participation from both company staff and patrons of Imperial Homes' facilities. Frank Gyamfi-Yeboah, the...

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