Tag: Real Estate

The Effects of the Corona Virus Pandemic on the Real Estate Market in Ghana.
The Covid-19 pandemic has caused a global halt on all aspect of economic activities. Though, certain activities such as stock exchange trading, education and construction could wait for the virus spread to calm down; the basic things such as shelter, food and water must continue to be available for human sustenance. More
Leases in Ghana
A lease is an interest in land which is created to last for a fixed period. This means that every lease has a specific date on which it commences and a date on which it must expire.  More
Scrap the Rent Tax and Maintain the Real Estate Sales Tax
After over 3 decades of policy vacuum, characterized by piece-meal attempts to recognize housing in some policy documents by succeeding Governments, a new National Housing Policy was promulgated in 2015. This article argues that the 8% existing Rent Tax should be scrapp... More
Is there a Role for REITs in Developing the Real Estate Investment Market in Ghana?
The real estate investment and finance markets in most developing countries are generally undeveloped, and Ghana is no exception. Housing for instance is usually financed by individuals and households using “sweat equity” over a period of time, often between... More
Government Agenda to expand the Tax Base; From the Real Estate Perspective. Is TIN The Ultimate Element Missing?
The government’s effort to widen the tax base, in recent times, has seen a robust drive to get all income-earners to acquire a Tax Identification Number (TIN). A very laudable effort, if Ghana is to ensure good tax mobilization for development. The TIN, accordingl... More
Why Housing Minister Atta Akyea must hasten slowly in touching SSNIT Pension funds for ‘housing’
Housing deficit in Ghana is estimated as about 1.7 million affordable housing units. A lack of development finance has been identified as one of the limitations to affordable housing delivery. In an attempt to reduce the deficit, the Minister for Works and Housing, Lawy... More
Revenue Mobilization and the Politics of Real Estate Taxation in Ghana
Fiscal policy to some extent if not large is influenced by political ideology. The previous government led by the social democrats - NDC Party – was famous for excessively taxing Ghanaians. During their regime, two real estate taxes – the rent tax and real estate VAT – were introduced. The Ghana Real Estate Developers Association (GREDA) indicated at various functions how these taxes hurt the market, but to no avail. However, they caught the attention of the property-owning democrats – NPP party – who characterized these taxes as nuisance taxes. More
UNDERSTANDING MORTGAGES: WHAT YOU NEED TO KNOW!
A mortgage is basically a loan from a financial institution secured with property collateral. House prices are often very expensive, hence prompting the need for people to go in for mortgage loans. Mortgage products vary from Home & Land purchase to Home Improvemen... More