Latest News

ManufacturingThu, 27 May, 21

EXCERPT FROM GREDA.

EXCERPT FROM GREDA.

The Executive Secetary of Ghana Real Estate Developers Association, (GREDA)- Mr Samuel Amegayibor has welcomed calls by the Works and Housing Minister- Mr Asenso Boakye on real estate developers to use local raw materials for the building affordable houses.

In an interview with Real Estate Times Africa (RET), Mr. Samuel Amegayibor said, real estate developers stand to gain more if they developed the appetite for local raw materials such as burnt bricks, wood and stones.

According to him local raw materials are affordable, durable and are accessible nationwide and have positive impact on the local economy if well patronized.

"If we work well on housing projects and promote local materials well, the use of local building materials such as burnt bricks will be the next choice. The local materials for building are very good, just that people have a wrong perception about it." – Samuel Amegayibor stated.

The minister of Works and Housing- Mr. Asenso Boakye in a meeting with The Chamber of Construction Industry at the ministry on Wednesday, 12th May, 2021 to discuss the challenges regarding the ‘built environment’ and some bills such as construction industry development bill, real estate agency fund bill, pension fund for mortgage insfrustrature, the minister seized the occassion to encourage members to use local raw materials in their works.

Local building raw materials were used previously in Ghana to build most of the forts and castles to promote cultural heritage. Building raw materials such as burnt bricks have proven to be one of the strongest man-made resource. The durability of burnt bricks is evidence to show the existence of forts and castles built in colonial days are still strong currently. Scientifically proven, a quality burnt brick when used for building can last a thousand years.

Mr. Amegayibor in praising the Works and Housing minister for the call, urged the ministry to work hard to promote the use of local building materials. He reitrated the need to revamp the old factories that produced local building materials and also encouraged architects both local and international to incoprate local raw materials into their designs.

Touching on the challenges on the use of local raw materials, the Executive Secetray of GREDA Mr. Amegayibor recounted how different the situation was in the past. He said, local building materials such as burnt bricks were used previously for most buildings. The many bricks factories that produced in large quantities to meet local demands do not exist anymore, this he said has resulted in low production levels.

Critizing  successive governments for the seemingly lack of commitment in the promoting local building raw materials, which according to him has the potential to create more jobs, the GREDA boss highlighted the wrong perception people hold on local raw materials which he said has impacted negatively on their use.  

“there is a conspiracy theory that local materials such as burnt bricks for building is a mud house’ urging government to sensitize the public on the economic viability of these local building raw materials.

He averred, the estate market is not doing well as excepted but the industry is managing. Most estate developers’ houses are built to suit the current fashion and style to attract consumers in the market. "The preference and taste of consumers is a huge factor that is the reason there has been a change from building with local material to foreign goods to suit current architectural building.” He stated. Building with local raw materials will impact the positively on the local, provide jobs for the teeming unemployed youth.

 

Source: Nana Agyei Sikapa Ofosu-Manu (Real Estate Times Africa)

Welcome, Today is Sat, 20 Jul, 2024

Latest Publication

 The Market

  • Bank

  • Rate

  • Tenure

  • Ecobank

  • 23%

  • Fidelity Bank

  • 22%

  • First National Bank

  • 23%

  • Republic Bank

  • 22%

  • 10yrs

  • Stanbic Bank

  • 20.30%

  • Cement

  • Weight

  • Price

  • Cimaf

  • 50kg

  • GHS 47.00

  • Dangote

  • 50kg

  • GHS 50.00

  • Diamond

  • 50kg

  • GHS 48.00

  • Ghacem

  • 50kg

  • GHS 50.00

  • Pozzolana

  • 50kg

  • GHS 47.00

  • Safe

  • 50kg

  • GHS 47.00

  • Supacem

  • 50kg

  • GHS 47.00

  • Currency

  • Buying

  • Selling

  • GHS - EUR

  • 7.7430

  • 8.2360

  • GHS - GBP

  • 9.1678

  • 9.7446

  • GHS - NGN

  • 70.4182

  • 70.4370

  • GHS - USD

  • 7.0500

  • 7.4500

  • GHS - ZAR

  • 0.4608

  • 0.5068

  • Current

  • Year Ago

  • GDP Growth Rate

  • 4.64%

  • 0.88%

  • Ghana Reference Rate

  • 14.50%

  • 15.50%

  • Inflation

  • 8.97%

  • 9.87%

  • Policy Rate

  • 13.50%

  • 14.50%

  • T-Bill (182 days)

  • 12.4316%

  • 13.2555%

  • T-Bill (364 days)

  • 13.8773%

  • 16.1134%

  • T-Bill (91 days)

  • 12.6100%

  • 12.4701%

Videos

Opinion

Partners

Feedback Form

We would like to hear from you.
Top