Ghana government launches National Rental Assistance Scheme for workers

The Ghana government on Tuesday, launched the National Rental Assistance Scheme (NRAS) to provide rent loans to both formal and informal sector workers with verifiable and regular income. The first phase of the scheme to be implemented with GH¢30 million will provide eligible Ghanaians with a mechanism to pay low monthly rent, effectively removing the need for rent advance payment within five regions –...

How Real Estate Agents Get Paid In Ghana

A Real estate agent does not have a weekly wage or monthly salary as seen in other professions. What is earned as income in the real estate agency business is simply a commission. Although real estate agents do not receive a regular paycheck, there are many different ways they get paid for their services. Sales Commission The primary way real estate agents make money in Ghana is by taking a percentage of...

Nungua Mantse requests homeowners at Trasacco Valley to engage the stool or lose their properties

The Chief (Mantse) of Nungua has requested homeowners at Trassaco Valley Estates to formally engage the Nungua Stool secretariat to regularize the ownership of the lands on which their properties are situated. Oboade Notse King Prof Odaifio Welentsi III said this must be done in order not to lose their properties. The request is contained in a notice to the residents/homeowners dated September 1, 2022,...

Rising cost of cement a major worry to building industry players

Players in the building and construction industry in the Ashanti Region have expressed concern over the recent price hike of clinker cement. Cement has been priced at 71 cedis on the local market, but selling at 80 cedis in some parts of the country. Between March and July, cement sold between 45 to 60 cedis. Prospective homeowners say the trend would curtail their plans of putting up their...

Trassaco MD on the run over alleged land guard activities

The Managing Director of Trassaco Limited, Morris Ian, current on the run, has been indicted for allegedly hiring the services of land guards to terrorise another estate developer, TOP Kings, and its customers in Accra. Mr Ian was said to have been hiring the services of the land guards from one Dr. Botwe, who is also nowhere to be found. However, the police have managed to arrest and put before...

What Real Estate Agents in Ghana need to be prepared for in the New Legislation

On the 29th of December, 2020, the real estate agency bill 2020 (Act 1047) was enacted as a law to regulate real estate practice and all commercial real estate transactions in Ghana. As a real estate agent or broker, you surely do not want to be caught in the dark concerning the requirement of these new reforms. It is critical to be familiar with these reforms and prepare adequately for them. Aspects of...

Asenso-Boakye commissions Urban Premier At Adenta

The Minister for Works and Housing Francis Asenso-Boakye has commissioned a new housing project by the State Housing Company Limited (SHC), an Agency of the Ministry. The housing estate, named ‘Urban Premier Court’ situated at Adenta, a suburb of Accra, is made up of forty (40) housing units with two, three and four bedrooms apartments. Commissioning the housing project, the Minister expressed...

See the Village House in Ghana which is more expensive than Asamoah Gyan’s Basilica

After many years of serving Ghanaians and the world with his numerous brands, Ghana's wealthy billionaire has decided to spend his retirement in the village where he was born and brought up. This is the story of Dr Kwabena Adjei the president and founder of Ghana's Most successful brand, Kasapreko who was born in the heart of Bronyiama, a forest area in the Western Region. In an interview with Ghana's...

What You Need to Know before Buying and Developing Land in Ghana

So, you've bought a piece of land in your community and you're planning to build it soon. Good for you, since development is springing up in almost every part of the country. Even better if the land is located within or around urban centres, such as Accra, Kumasi, Takoradi or Tamale. Before you get too excited about developing your newly-bought land, there are a few things you must have in mind. Yes, you...

Africa Real Estate Conference and Expo launched in Accra

https://www.youtube.com/watch?v=la-C_xj5atQ   The second Africa Real Estate Conference and Expo (ARCE) was launched on Tuesday in Accra ahead of the main conference in September 2022. The 4-part conference has been classified into; pre-conference education, main conference, exhibition, and awards under the theme: "Role of Real Estate and Infrastructure In Achieving Sustainable Goals and...

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