13 June 2016 at 17:47According to Executive Secretary of GREDA, Sammy Amegayibor, local real estate operators are apprehensive about business prospects for the rest of 2016.Ghana Real Estate Industry
The Ghana Real Estate Developers Association has called on government to come to their aid in reversing the negative growth experienced in the first half of the year.
“ Sale of property have dropped and we have incurred heavy debt in unpaid loans.Normally if it is an election year, we expect things to be much easier because quite a number of people are willing to spend and there is a lot of money flowing in the system. Unfortunately this year, it is not happening like that,” Mr. Amegayibor told online real estate platform, Lamudi.
GREDA expects government to take decisive decisions in reducing Value Added Tax, high interest rates, land acquisition issues and access to long-term financing.
The Editor of the New Crusading Guide, Abdul Malik Kweku Baako has said the collapse of Heritage Bank, GN Bank, and uniBank by the <a href="https://www.pulse.com.gh/news/local/agongo-must-sue-bank-of-ghana-for-collapsing-heritage-bank-prof-gatsi/d93y4pr">Bank of Ghana</a> was painful.
The <a href="https://www.pulse.com.gh/news/politics/asepa-files-criminal-complaint-against-hawa-koomson/lxzgdf2">Alliance for Social Equity and Public Accountability</a> (ASEPA) has described as false claims by the government that more than 96 percent of depositors who had their monies locked-up from the banking sector clean-up been paid in full.
Vice-President Dr. Mahamudu Bawumia has said about 15 million Ghanaians now have bank accounts following the implementation of <a href="https://www.pulse.com.gh/news/local/offertory-and-tithe-to-be-paid-through-mobile-money-as-churches-introduce-e-payments/fdz0mhf">mobile money payment</a> interoperability.
These, according to Mr. Amegayibor will go a long way to turn the year around for local real estate developers.
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