Ghana Real Estate Developers Association

GREDA Raises Alarm Over Money Laundering In Real Estate Sector
06 Oct

GREDA Raises Alarm Over Money Laundering In Real Estate Sector

wontumionlineBusiness
The Ghana Real Estate Developers Association (GREDA), the umbrella body of property developers, has bemoaned the influx of illicit money into the real-estate sector – describing it as alarming and with dire repercussions for the economy. With the banking sector having closed all the loopholes for money launderers, GREDA said the real estate sector – built or landed properties – is increasingly becoming a haven for people who have dishonestly acquired wealth; indicating a rapid rise of criminals purchasing high-value properties in recent years. GREDA’s Executive Secretary Sammy Amegayibor – who made the revelation to B&FT, stressed that this problem…
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Private Takeover Of Saglemi Project ‘A Good Call’ – GREDA Executive Secretary
15 Nov

Private Takeover Of Saglemi Project ‘A Good Call’ – GREDA Executive Secretary

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The Executive Secretary of the Ghana Real Estate Developers Association (GREDA) Samuel Amegayibor, has charged its members or any private developer who expresses interest in the Saglemi Housing project to sort out all legal issues surrounding the project. His comments come on the back of the government’s intention to sell the 1,500 housing units to private developers due to its inability to expend more resources in fixing it for use. The Minister for Works and Housing, Francis Asenso Boakye, revealed at a meet press session in Accra on Sunday, November 13, 2022, that the government is exhausted and handicapped and…
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