Mr Bright Owusu-Amofa, the Chief Executive Officer of Appolonia City, has noted that government can create enabling environment for real estate by focusing on development of major satellite towns and cities around Accra via major highways and rail links.
He said the authorities must facilitate the acquisition of land and development of such satellite cities because no investor wanted to invest time, energy and money into acquiring land only to be embroiled in long winding litigation thereafter.
“To facilitate the development of such cities, the metropolitan and government must be willing and able to either acquire or facilitate the acquisition of bulk developable land for the development of new cities, towns, and catchment area as was done in the Docklands and is currently being done in the Ivory Coast,” he added.
He said this in Accra at the Citi Business Festival discussion on Real Estate in the country on the theme: “Fixing Ghana’s Housing Problem.”
The forum is to drive national discourse on the real estate and housing industry in the country with focus on the future of housing, sustainability, affordability, standards and financing.
Mr Owusu-Amofa said the viability of Tema as a satellite city to Accra was significantly enhanced by the construction of the Tema Motorway. Read more…
Ghana Business News