• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, May 9, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Real Estate

Let’s use our local developers for these projects- GREDA

M.Cby M.C
May 3, 2021
Reading Time: 3 mins read
Executive Secretary of Ghana Real Estate Developers Association (GREDA), Samuel Amegayibor, has revealed that Ghana’s housing market is beset with high cost of materials for building.

Executive Secretary of the Ghana Real Estate Developers Association (GREDA), Samuel Amegayibor.

Mr. Samuel Amegayibor, the Executive Secretary of the Ghana Real Estates Developers Association (GREDA), has urged government to patronise local developers.

According to him, their involvement in housing projects will put an end to non completion of projects such as the Saglemi housing project initiated by the erstwhile Mahama administration.

Mr. Amegayibor further explained there will also be the need to monitor the operations of these developers tasked with the project.

“Let’s get our local initiatives in place and use our local developers for these projects and monitor them. Because we have not kept to our own arrangements and we’re getting used to knee-jerk reactions, that is why we are having all these problems. I sincerely believe that we should have arrangements and mechanisms in place; we have our architects, engineers, and surveyors.”

He further revealed that for government to effectively deal with affordable housing, they must see it as a “problem and engineer our own homegrown solutions”.  

ADVERTISEMENT

“… I believe if we go through this way, we will have a better solution to accommodation supply than this execute and go”.

Government competing local developers

The GREDA Secretary further bemoaned competition between government and local developer. In his opinion, this move undesirably affects efforts in addressing accommodation deficit in the country.

“The government has become a competitor. Private GREDA members are building houses and the government is also developing houses all in the name of affordable housing as a competitor. Government is now a developer, instead of assisting the players of the industry nationwide and allowing the local developers for us to see something possible happening. But with this kind of approach, the corruption, and poor management; I am sorry that affordable housing is going to be a mirage, not a reality”.

The Saglemi Housing project began under the Mahama administration. However, an investigation conducted by the Akufo-Addo Administration delayed the continuation of the project.

Auditing of Saglemi housing project

The Ghana Institution of Surveyors has released a report on the Saglemi Housing Project. The findings from the report, according to the President of the Institution, Dr. John Amaglo is valid.

According to him, the Architectural and Engineering Services Limited will help validate findings from the Institution. This is because, the Housing Minister has authorised AESL to conduct the validation of findings in its report.

In October 2020, the Institution conducted a similar finding. Samuel Atta Akyea revealed tha the report’s finding indicated that some $114 million had been embezzled.

In lieu of this, Samuel Atta-Akyea, noted that the Criminal Investigations Department was interrogating individuals in the previous administration over the embezzlement.

“The Ghana Institute of Surveyors have come out with a report showing that what is on the ground, measured against the money received will bring out a very huge figure of about $114 million”.

The former Speaker of Parliament, Prof. Mike Oquaye also ordered a parliamentary probe into the botched Saglemi housing deal.

Prof. Oquaye gave a joint committee of Parliament two weeks to look into the deal and report the findings to the House.

The Constitutional, Legal and Parliamentary Affairs and the Works and Housing Committees were tasked to conduct the inquiry.

ADVERTISEMENT

Read Also: Positive gold prices strengthen mining plans for Gold Fields Ghana Ltd.

 

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Ghana NewsGREDAHousingSaglemi housing project
Share8Tweet5Share1SendSend
Please login to join discussion
Previous Post

Positive gold prices strengthen mining plans for Gold Fields Ghana Ltd.

Next Post

Online Poker was one of the earliest online casino games in

Related Posts

1683805420 9681
Real Estate

Africa’s Real Estate Investment: A Minor Player in a Global Market

July 3, 2024
Ghana's Ambitious Energy Transition: A $562 Billion Journey Towards a Sustainable Future
Real Estate

Oil and Gas to Play a Long-Term Role in Africa’s Electricity Mix- African Energy Chamber

May 15, 2023
Dr. Alhassan Andani, Former CEO of Stanbic Bank Ghana
Business

Instead Of Borrowing To Invest In Projects, Preserve Your Capital- Andani Advises Real Estate Developers

March 1, 2023
Executive Secretary of Ghana Real Estate Developers Association (GREDA), Samuel Amegayibor, has revealed that Ghana’s housing market is beset with high cost of materials for building.
Real Estate

Prices Of Materials Have Surged High Lately- GREDA

February 2, 2022

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Chief Executive Officer of the Ghana Gold Board (Goldbod), Sammy Gyamfi

Sammy Gyamfi Defends BoG Loss as Stabilization Cost, Slams Minority’s Misinformation

May 9, 2026
Grey's Anatomy Series

Grey’s Anatomy Says Goodbye to Owen and Teddy in Season 22 Finale

May 9, 2026
Fitch Ratings Upgrades Ghana to ‘B’ as Economic Recovery Gains Momentum

Fitch Ratings Upgrades Ghana to ‘B’ as Economic Recovery Gains Momentum

May 9, 2026
Honourable Kojo Oppong   Nkrumah, Chairman Newly Constituted Policy Committee for NPP And MP for Ofoase-Ayirebi constituency.

NPP Mobilises Expertise To Rebuild Party Ahead Of 2028 Elections

May 9, 2026
AfDB Strengthens Women Entrepreneurship Through $61 Million Strategic Financing

AfDB Strengthens Women Entrepreneurship Through $61 Million Strategic Financing

May 8, 2026
Next Post

Online Poker was one of the earliest online casino games in

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address