Hon. Akosua Frema Osei-Opare, Chief of Staff at the Presidency, has introduced and launched the Chartered Institute of Realtors (CIR) at the Africa Trade House in Accra.
The Chief of Staff made note in her address that the initiative’s main goal is to improve the abilities of real estate developers. She stated that “….the launch serves as a useful additional government effort, towards enhancing safe and sound professional real estate practice in Ghana.”
The Chief of Staff of the Presidency, who attended the ceremony as a special guest of honor, claimed that President Nana Addo Dankwa Akufo-Addo is well pleased to have the Chartered Institute of Realtors (CIR) there and to have them contribute to the socioeconomic advancement of the country.
Also, she promised that the administration is operating with a plan to address the housing and road construction shortages and was forthright in accepting certain flaws. She said that with urban population growing at a rate of 75%, it provided a valuable platform for safe and sound real estate operations.
Furthermore, Hon. Akosua Frema Osei-Opare mentioned a few government initiatives like the Marine Drive and the 8,000 Affordable Housing Units currently under development as solutions to the flaws.
The event drew dignitaries from the highest offices in the nation, members of the diplomatic corps, other state officials, and important stakeholders from the real estate industry, including local and foreign real estate developers, suppliers, construction companies, investors, and major banks.
The Institute is being founded to provide chances for honing practitioners’ knowledge, skills, norms, and experiences to reach international standards. Africa’s real estate market is expanding quickly and offers a variety of investment opportunities. Urbanization, population growth, and greater foreign investment are the key drivers of this growth rate.
Real estate has been a driving factor in the development agendas of nations all over the world, particularly the economically developed nations, and it has given thousands of people with different skill sets and backgrounds jobs. Due to the large role of real estate development, cities like Dubai, Abu Dhabi, Barcelona, and New York, to name just a few, are now among the most popular tourist destinations in the world.
With all these advancements taking on all around it, Africa has not lagged behind. From its hazy past, it may be concluded that Africa’s future appears bright, as long as the government is actively involved in providing housing for its residents, especially the low-income section of society to lessen the burden of housing as a basic requirement.
Gov’t To Support And Establish Industry
Akosua Frema Osei-Opare also urged cooperation between the public and private sectors in the sector.
In order to accomplish the goal of creating a professional body for real estate operators, she pledged governments backing towards this initiative.
In their respective speeches, Minister of Works and Housing Asenso-Boakye, Minister of Education Dr. Yaw Osei Adutwum, Firas Jaber of the Chartered Institute of Realtors, and Deputy Minister of Lands and Natural Resources George Mireku Duker, all pledged government’s unwavering support for the initiative aimed at raising the bar in the real estate industry.
The imperative need for players, both big and potential, to be equipped with the necessary instruments to help better the operations within the business internationally has been created by the industry’s rapid growth pace.
A progressive series of seminars and workshops will be held by the institute as part of the vision and mission of the launch of the Chartered Institute of Realtors (CIR), with the participation of seasoned speakers, lecturers, and industry professionals from renowned institutions around the world, who will bring their knowledge and experience to bear.
The institute wants to become a recognized professional organization that offers its members training and educational opportunities in the near future.
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