Close Menu
John Mahama News
  • Home
  • Ghana News
  • Anti-Corruption
    • Corruption Watch
  • Economic
    • Education & Innovation
  • Environmental
    • Governance & Policy
  • Health & Welfare
    • Historical & Cultural Insights
    • Infrastructure & Development
    • International Relations
  • Ministerial News
    • Presidential Updates
  • Public Opinion
    • Regional Governance
      • Social Issues & Advocacy
      • Youth & Sports
What's Hot

Ashaiman MP Dr Nogbey says education must remain accessible for the poor

July 3, 2025

Integrating Librarians Into Academia In Ghanaian Universities

July 3, 2025

Only ECG can install meters; offenders to face severe sanctions under new LI — Energy Minister

July 2, 2025
Facebook X (Twitter) Instagram
Trending
  • Ashaiman MP Dr Nogbey says education must remain accessible for the poor
  • Integrating Librarians Into Academia In Ghanaian Universities
  • Only ECG can install meters; offenders to face severe sanctions under new LI — Energy Minister
  • Mahama and NDC secretly introduced new taxes while Ghanaians were busy praying on July 1 — NPP MP
  • Veep urges tertiary students to prioritise innovative, solution-based research
  • GOIL drops fuel prices again in spite of global volatilities
  • Jesus Across Faiths
  • Grow24 to irrigate over 2 million hectares for intensive agriculture under 24-Hour Economy Programme — President Mahama
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
John Mahama News
Thursday, July 3
  • Home
  • Ghana News
  • Anti-Corruption
    • Corruption Watch
  • Economic
    • Education & Innovation
  • Environmental
    • Governance & Policy
  • Health & Welfare
    • Historical & Cultural Insights
    • Infrastructure & Development
    • International Relations
  • Ministerial News
    • Presidential Updates
  • Public Opinion
    • Regional Governance
      • Social Issues & Advocacy
      • Youth & Sports
John Mahama News
Home » GREDA calls for price reduction on building materials amid cedi appreciation

GREDA calls for price reduction on building materials amid cedi appreciation

johnmahamaBy johnmahamaJune 9, 2025 Infrastructure & Development No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Dr. Orleans-Lindsay

The Ghana Real Estate Developers Association (GREDA) is urging suppliers and manufacturers of building materials to reduce prices in line with the recent appreciation of the Ghana cedi.

According to its President, Dr. James Orleans-Lindsay, the strengthening of the local currency should translate into lower costs for construction inputs such as cement, iron rods, and other essential materials.

 He argues that the continued high prices of these items, despite favorable currency movement, place an undue financial burden on Ghanaians particularly prospective homeowners and developers.

Speaking to Joy Business on the sidelines of a stakeholder briefing session with the Ghana Revenue Authority (GRA), Dr. Orleans-Lindsay stressed the importance of market responsiveness to currency fluctuations.

“We are saying we will continue to price in the cedi equivalent, but prices of our component should be reduced. The developer is losing because we are still buying cement at the same high prices,” he bemoaned.

The real estate sector, which plays a critical role in addressing Ghana’s housing deficit, has faced significant challenges in recent years due to the rising cost of building materials.

Developers argue that price hikes, often driven by currency depreciation and import costs, have made it difficult to complete affordable housing projects.

With the cedi showing signs of strengthening against major international currencies, GREDA is calling for immediate action to reflect this positive development in the pricing of local and imported construction inputs.

“We are not asking for favors, we are simply asking for fairness. Let the strength of the cedi bring some relief to the ordinary Ghanaian trying to build or buy a home,” Dr. Orleans-Lindsay added.

The call from GREDA comes at a time when both government and private stakeholders are working to make housing more accessible and affordable in Ghana.

The association believes that realigning the prices of construction materials could be a significant step in the right direction.

The stakeholder briefing session with the Ghana Revenue Authority (GRA) on the government’s new 5% tax policy targeting landlords was aimed to clarify the implementation strategy, compliance expectations, and its impact on the real estate and rental sectors.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.



Source link

johnmahama
  • Website

Keep Reading

Ghana’s 1st Pan-African AI Summit: The Why

Exoben launches $112.5m private offering to expand gold, battery, and clean energy projects

Fuel price adjustment:  Petrol down, diesel up at GH₵13.25 per litre

Enterprise Group announces 30% dividend increase after strong 2024 financial performance

Inflation for June 2025 slows significantly to 13.7%

Record turnout at OmniBSIC’s 8th Health Walk demonstrates growing impact of bank’s flagship community engagement initiative

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

GOIL drops fuel prices again in spite of global volatilities

July 2, 2025

GMA collaborates with UK Hydrographic Office to enhance maritime safety

July 2, 2025

Gov’t to modernize GNPC Act to meet current industry standards

July 2, 2025

Ghana’s poultry sector can thrive with local investment

July 2, 2025
Latest Posts

Communication Ministry engages MTN Ghana to resolve data challenges

July 2, 2025

Professor Agyemang Calls for Balanced Integration of Non-Journalism Experts in Journalism Faculties

July 2, 2025

Defaulting stations urged to regularise operations

July 2, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to JohnMahama.news, your trusted source for the latest news, insights, and updates about the President of Ghana, government policies, and the nation at large. Our mission is to provide accurate, timely, and comprehensive coverage of all things related to the leadership of Ghana, as well as key national issues that impact citizens and communities across the country.

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 johnmahama. Designed by johnmahama.

Type above and press Enter to search. Press Esc to cancel.