Articles from the ‘Real Estate’ category

20,000 houses still use pan latrines

Posted by on February 22, 2012 at 7:41 am in Health, Health & Lifestyle, Real Estate

> A study conducted by the Environmental Health and Sanitation Directorate (EHSD) of the Ministry of Local Government and Rural Development, has revealed that there are still 20,000 pan latrines, which are emptied in opened places. The study said these pan latrines could be found in Police quarters and public bungalows in metropolis posing health [...]

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‘Gov’t ran into a ditch with STX project’

Posted by on February 20, 2012 at 7:49 am in Business, Local News, Real Estate

  Communications Director at the Presidency, Mr. Koku Anyidoho, has made yet another concession that government ran into a ditch over its signature housing policy the STX housing project. He said although the STX housing deal was a big thing which government thought it could run with, “apparently we ran into a ditch.” Analysing President [...]

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Real Estate awards to be launched on Friday

Posted by on February 16, 2012 at 9:20 am in Business, Real Estate

  STORY: KORYEKPOR AWLESU FREEMAN The media launch for the first African Real Estate and Housing Finance Academy (AREHF) Awards will be held at the HFC Bank head office on Friday February 17 2012 in Accra.   AHREF Academy is a leading source centre for the development of real estate housing finance in Africa.   [...]

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US mortgage deal nears agreement

Posted by on February 10, 2012 at 8:02 am in Business, Real Estate

Some of America’s biggest banks are said to be close to agreeing a multi-billion dollar settlement with the US government. It follows allegations of abusive practices by lenders during the country’s housing collapse. The deal, with the Obama administration and almost all US state governments, is reported to be worth at least $25bn. Much of [...]

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GUA to redeem government of its housing deficit

Posted by on February 3, 2012 at 7:35 pm in Business, Real Estate

  Ghana Union Assurance (GUA) on Friday rolled-out a comprehensive mortgage financing policy to enable low and middle income earners with the desire to acquire houses without the initial 20 per cent deposit required. The policy: “GUA Collateral Replacement Indemnity,” (CRI) targets borrowers in the lower to middle income mortgage market without the requisite deposit [...]

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STX Housing Project Is Dead

Posted by on September 28, 2011 at 9:32 am in Business, Real Estate

The STX housing project which is expected to roll out 30,000 affordable houses may never see the light of the day as the project is fraught with problems that have caused critics of the deal boasting in town that this is one project they have predicted may never take off. Almost 10 months after President [...]

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STX sacks Ghana director

Posted by on August 19, 2011 at 9:26 am in Business, Real Estate

The country director of STX Engineering and Construction Ltd, Mr Bernard Kwabena Asamoah, has been dismissed, deepening the uncertainty over the execution of the government’s affordable housing project. The latest development is the culmination of a long-running dispute between the company’s Ghanaian and Korean directors over funding for the housing project. Joy News’ Cyrus de-Graft [...]

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STX housing project limbo

Posted by on May 11, 2011 at 11:15 am in Business, Real Estate

Standard Chartered Bank Ghana remains neutral as to whether it is leading a syndicate to contribute to raising US$1.5 billion to fund the STX Housing projects in parts of the country. Last week the Minister of Water Resources, Works and Housing, Mr. Alban Kingsford Sumana Baggbin, claimed that two large banks, Standard Chartered Bank and [...]

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