Goldstreet Business – Accommodation for workers requires strong private sector participation

...…Ecobank Director.

Executive Director, Legal, Human Resource and Compliance at Ecobank Ghana, Morgan Asiedu has said that the task of providing god accommodation for the nation’s working class, is certainly enormous and cannot be borne by government alone.
Ghana’s current housing deficit is estimated at 1.7 million units, and is expected to rise up to 2 million units by 2018.

200,000 housing units will be needed every year for the next 10 years to bridge the gap. Ecobank Ghana has therefore partnered dozens of Real Estate companies at its maiden Southern Real Estate Fair, to give Ghanaians the opportunity to acquire homes in more convenient way.

The bank, which was already into mortgages has developed a 15 year plan for home owners at 27.95 percent at a threshold of US$400,000.

Ghana rakes in US$13m in six years of flower exports
Ghana’s cut flower export revenues for the past six years totaled US$13 million in 2016, but industry players believe the amount is rather low considering the huge potential of the sector.

The total amount covered the period from 2010 to 2016. Comparatively, the amount is insignificant juxtaposed with African exporter, Kenya’s US$690 million that the country raked in from its flower exports in 2016 alone.

Kenya’s revenue contributed over 35 percent of the world flower trade, as its also competes favorably with countries such as Ecuador and Colombia in the business, beating continental contenders, Ethiopia and Tanzania.

Meanwhile, the global cut flower market exceeds US$30 billion each year, with Netherlands contributing nearly 60 percent of the world’s exports annually.

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