• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, July 20, 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

Construction Chamber urges government to improve building materials production

Maynard Championby Maynard Champion
May 13, 2021
Reading Time: 3 mins read
Add as Preferred on Google
Chief Executive Officer of the Ghana Chamber of Construction Industry, Cherry Emmanuel, has urged government to expedite its intention in enabling mass production of local building raw materials.

Chief Executive Officer of the Ghana Chamber of Construction Industry, Emmanuel Cherry.

Chief Executive Officer of the Ghana Chamber of Construction Industry, Emmanuel Cherry , has urged government to expedite its intention in enabling mass production of local building raw materials.

According to him, government must put in place measures to reduce cost of credit, electricity and other essentials.

This, he explains, will ensure that local building materials remains prominent in the country’s construction industry.

“Which government policies have been put in place to make sure that the economy is business-friendly for our local manufactures to take advantage of? Those are the questions we are asking. Take the lending rate, for instance, go to the financial market and check how much it is and let’s ask ourselves, the price of fuel, how much is it today? The price of other materials that constitute to production, for instance, electricity, what are we doing about this?

“It is laudable what the minister intends to do but if the economic indicators are not viable to support industry everything that the minister has said, it’s going to be rhetoric. It’s just going to be a funfair”.

Emmanuel Cherry

His comment follows an announcement by the Housing Minister, Francis Asenso Boakye, who intimated that his ministry will lobby for the use of local materials for constructing government projects.

ADVERTISEMENT
High cost of building materials

Meanwhile, Chief Executive of B5 Plus, Makwesh Takwani, has disclosed that high freight and increasing prices of raw materials have resulted in high cost of building materials in the country. According to him, products impacted by the spike includes iron rods and cement.

Mr. Takwani further emphasized that, although the situation is worrying, producers cannot be blamed.

“We had about a triple rise in the cost of freight and the price of the raw materials. Example is, scrub in Ghana has also been a problem; so all these are adding to the cost of the products.

“The industry is expanding and we need more of government support; so that we can be able to increase the supply for the West African market”.

Makwesh Takwani
Use of local building materials

Mr. Asenso-Boakye in May this year, revealed that government is creating affordable housing areas where basic amenities will be provided. According to him, this is to reduce the cost burden on private developers.

He further intimated that public-private partnerships will help reduce the country’s housing deficit. Under the new housing scheme, the government is expected to secure lands for construction.

“At Dedesua in Kumasi, the Asantehene has given the ministry land to construct affordable housing project. Soon, we will declare the place affordable housing enclave where government will provide basic amenities to reduce burden on State Housing Company, our anchor developer and other private developers”.

Mr. Asenso-Boakye

The State Housing Company will be the anchor for developers to attract other private operators.

ADVERTISEMENT

Additionally, the sector minister noted that the Ministry will attempt to meet government’s affordable housing target via local construction materials.

Mr. Asenso Boakye further averred that, burnt bricks and other local materials, will be vital in the new affordable housing units.

Read Also: Why issue Green Bonds in Ghana?

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Affordable HousingBuilding materialsChamber of ConstructionGhana NewsState Housing Company
ShareTweetShareSendSend
Please login to join discussion
Previous Post

Why issue Green Bonds in Ghana?

Next Post

UEFA moves Champions League final to Portugal

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
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Captain-Rodri-lifts-world-cup-trophy

Spain Win Second World Cup Title After Ferran Torres’ Extra Time Strike

July 20, 2026
President John Dramani Mahama and former Vice President Dr Mahamudu Bawumia shaking hands at a public event

Bawumia Urges President Mahama Not to Sign Tribunals Bill

July 19, 2026
Global FDI Battle Forces Ghana to Raise Standards

Global FDI Battle Forces Ghana to Raise Standards

July 19, 2026
State Department Defends Decision To Revoke Chinese Student Visas

Rubio Discusses Implemention Of Trilateral Framework With Aoun

July 19, 2026
Armor Wars

MCU’s Armor Wars Reborn as Iron Man Sequel in Next Saga

July 19, 2026
ADVERTISEMENT
Next Post
UEFA moves Champions League final to Portugal

UEFA moves Champions League final to Portugal

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.