Works and Housing Minister Samuel Atta Akyea has said the GH¢5.5 million budget allocation to work on a number of critical storm drains ahead of the rainy season this year is woefully inadequate and might not serve the intended purpose. Appearing before Parliament on Wednesday to answer questions on the...
…lobbying SSNIT for a slice of pension funds The Ministry of Works and Housing has commenced moves to secure land banks for real estate developers to partner government deliver affordable housing nationwide. The ministry is also lobbying the Social Security and National Insurance Trust (SSNIT) to dedicate a percentage of...
Parliament has approved a tax exemption amounting to US$48m for the procurement of equipment and materials for the design and construction of an 84.8km multi-modal railway line including railway stations between Tema and Akosombo and the design and construction of railway heads at Tema and Akosombo. According to the report...
The Association of Ghana Industries (AGI) Construction Sector has called on government to, as a matter of urgency, pass a law on interest payment for delayed payment of public construction works. A delayed payment law, according to the association, would among other things ensure funds for construction projects are well-budgeted for...
The Ghana Real Estate Developers Association (GREDA) has said it is taking an aggressive stance in improving the quality of houses delivered in the country. The association says it has taken note of public sentiments and complaints about the poor delivery of houses by members, and therefore promised to help...
Ghana’s leading mortgage provider, GHL Bank (formerly Ghana Home Loans) has signed a Memorandum of Understanding with Regimanuel Gray Limited to collaborate in the delivery of homes and serviced plots to alleviate the acute housing situation in the country. The signing ceremony took place at the offices of Regimanuel Gray...
Castle Gate Estate Limited, an indigenous privately owned real estate company, has signed a sale and purchase agreement with IDES Limited for the purchase of 150 unit of its brand of uncompleted houses worth about US$7million. Speaking after the signing and handing over ceremony at the company’s offices in Dzorwulu,...