Sammy Amegayibor, GREDA boss
Sammy Amegayibor, Executive Director of Ghana Real Estate Developers Association (GREDA), has urged government to expedite action on Ghana’s housing policy.
He said the real estate industry needs the policy to govern and ensure that players in the sector conform to standards.
Mr Amegayibor told journalists in Accra that stakeholders have been calling for a housing policy for the country for over a decade now.
He commended government’s effort at passing the law to regulate the industry.
‘This government has shown some level of commitment and has moved the policy to this level. We just hope that they will get it done and passed into law to guide the industry,’ he said.
He said the cost of apartments was steadily rising in the country, especially in the nation’s capital.
With the ability to maximize land space and offer quality amenities, real estate developers have resorted to making more investments in such units.
‘Land ownership of apartments is a complex matter. Thus if nothing is done or laws are not enacted to regulate developers, we might find ourselves developing a whole lot of apartments in town and there will be complete chaos,’ he stressed.
Akua Nyame-Mensah, the Managing Director, Lamudi Ghana said, ‘Apartments are increasingly becoming a preference for many property seekers.
‘For real estate developers, this would be the ideal investment since they can build more units per every plot of land,’ she added.
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