Investment opportunities are available in industry Structure The real estate industry consists of residential, commercial, industrial and recreational properties. Commercial properties include hotels, office buildings, conference facilities, and retail space. The industry is currently dominated by residential and commercial properties with the residential property market being the most active. The industrial property market is significantly smaller in size than the commercial property market, while recreational properties are the smallest segment. The residential and commercial markets are dominated by private companies, which control over 90percent of property holdings.
Affordable Housing Project The demand for housing units is mostly concentrated within the Accra-Tema metropolis. The development of new housing estates is being spearheaded by the Ghana Real Estate Developers Association (GREDA), an umbrella organisation of loosely associated private real estate developers. The top five GREDA companies that account for roughly 75percent of the group’s residential property development are Regimanuel Gray, Parakuo Estates, NTHC Properties Ltd, ACP Estates Ltd, and Manet Housing Company Ltd. The priority of the government in the housing sector is the provision of affordable houses for the middle and lower income earners who form a greater percentage of those in need of houses. This policy is evidenced by the abolition of the five (5) years tax exemption hitherto granted to those in the real estate development and now limited to only those who partner with the Ministry of Works and Housing to provide affordable houses.
Construction Finance There is now easy access to debt finance for construction in Ghana. Financial institutions involved in construction finance have no standardised lending conditions for applicants. Each development is considered on its own merit and depending on the risks associated with the project, the institution grants the terms of lending. Barclays Ghana, National Investment Bank, Amalgamated Bank and HFC are some of the banks offering construction finance in Ghana.