The Ghana Real Estate Developers Association is calling on government to provide real estate developers some tax incentives ahead of the budget presentation on Friday, 12th March 2021.
According to Vice President of the association, Ing. Stephen Debrah-Ablormeti, tax rebate, duty waivers, among other incentives will help estate developers to contribute at least two million housing units to curb Ghana’s housing deficit.
“From the point of developers, we’re just looking for some sort of motivation in terms of some tax rebate for developers, developing affordable housing, duty waivers and things like that, just so that developers will take interest in doing that.”
He emphasized that “because we have over 2,000 property developers in Ghana and all of us build just about 100 units a year per person, we can easily do the math, and that will realize about two million. So, there should be some strong motivation for property developers".
Figures from the Ghana Statistical Service indicate a deficit of two million housing units at the end of 2020.
But in his State of the Nation Address delivered on Tuesday, [March 9, 2021], President Akufo-Addo said his intention is to place emphasis on resolving the housing deficit in the country.
According to him, tackling the housing issue was long overdue.
Latest Stories
-
PenTrust CEO named ‘Best Pensions CEO’, company wins ‘Scheme Administrator Award’ at Ghana Accountancy & Finance Awards 2024
3 seconds -
Alan Kyerematen’s ‘Brighter Future for Health Professionals’ in Ghana Revealed in Bono
10 mins -
NPP will ensure a safer cleaner and greener environment – Dr Kokofu
18 mins -
2024 Election: Police to deal with individuals who will cause trouble – IGP
19 mins -
Seychelles President’s visit rekindles historical and diplomatic ties with Ghana
25 mins -
Election 2024: EC destroys defective ballot papers for Ahafo and Volta regions
35 mins -
2024 Election: I am sad EC disqualified me, but I endorse CPP’s candidate – PNP’s Nabla
1 hour -
I want to build a modern, inclusive country anchored by systems and data – Bawumia to CSOs
1 hour -
Miss Health Ghana 2024: Kujori Esther Cachana crowned new Health Ambassador
1 hour -
Livestream: The manifesto debate on WASH and climate change
1 hour -
Alan Kyerematen saddened by NDC and NPP’s neglect of Krofrom Market in the Ashanti Region
1 hour -
CSIR Executive Director urges farmers to adopt technology for improved farming
2 hours -
Football Impact Africa’s Ghetto Love Initiative inspires change in Teshie
2 hours -
Peter Toobu calls for tighter border security over uncovered weapons at Tema Port
2 hours -
Gov’t has failed its commitment to IPPs – Ablakwa
2 hours