Pulse.com.gh logo

Ghana Housing Industry GREDA urged to enlist on Stock Exchange

GREDA has identified inadequate financing as one of the reasons for their poor contributions to reducing the country’s housing deficit.

  • Published:
GREDA Estates, Teshie-Nungua play

GREDA Estates, Teshie-Nungua

The Ghana Real Estate Developers Association-GREDA has been urged to enlist on the Stock Exchange.

Executive Director of the Securities and Exchanges Commission who made this call, believes the move would help GREDA raise requisite funding for their operations.

GREDA has identified inadequate financing as one of the reasons for their poor contributions to reducing the country’s housing deficit.

READ MORE:GREDA Ghana real estate industry slumps in 2016

Ghana’s housing deficit currently stands at GHC1.7million homes, and the housing options available are believed to be too expensive for the average Ghanaian to afford.

“We have been engaging GREDA to ensure that they use the capital market to finance their housing businesses. If they are unable to enlist on the Ghana Stock Exchange they can float bonds”, Director General of the Securities and Exchanges Commission, Dr. Adu Anane Antwi said in an interview with Accra-based Citi FM.

As part of their potential contributions to reducing the country’s housing deficit, other stakeholders believe that the association will also be relevant in furnishing the industry with information on housing in Ghana.

The call for credible information on housing in Ghana have become necessary as various other stakeholders are contesting  figures being published as the total housing deficit in the country.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Special Prosecutor Here’s why Martin Amidu can’t work effectively...bullet
3 Kweku Adoboli Rogue banker denies saying Ghana is worse than prisonbullet
4 Ponzi schemes in Ghana These investments are Ponzi schemes in...bullet
5 Job losses Akosombo Textiles Limited fires 600 workers; shuts...bullet
6 How to create a verified PayPal account Learn how to create a...bullet
7 Syndicated Loan COCOBOD seals $1.3bn syndicated loan For...bullet
8 Salaries In 2018 Here are the dates public workers will be...bullet
9 Finance Meet the 5 richest, most successful self-made...bullet
10 Illegal Operations Menzgold extends suspension of gold...bullet

Top Videos

1 Selorm Adadevoh MTN CEO dances Agbadzabullet
2 Money Alert Meet Africa's richest womanbullet
3 Former Capital Bank staff grills pork for survivalbullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 Forbes 2018 Africa's billionaires rich listbullet
6 New Discovery Ghana discovers new mineral, lithium in...bullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 Support Finance minister buys Kantanka carbullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 Bozoma Saint John 10 quotes from Uber top official,...bullet