August 29, 2023

Ghana Real Estate Developers Association (GREDA): Promoting Real Estate Development in Ghana

The Ghana Real Estate Developers Association (GREDA) is a non-profit making organization established under the Laws of Ghana Company Code Act 179 of 1963 as a private company limited by guarantee. GREDA serves as a central organization for real estate developers in Ghana, promoting the development of residential estates and increasing the stock of housing units to ensure adequate provision of affordable housing for all classes of the population.

GREDA aims to provide a united front in making recommendations to the government on ways of promoting real estate development and seeking solutions to the practical problems in the property market. The association also works towards pooling resources together for greater economies of scale in real estate development and ensuring that the products of its members conform to national building standards and planning laws.

Objectives of GREDA

GREDA has the following objectives:

To provide a central organization for real estate developers in Ghana
To promote the development of residential estates and increase the stock of housing units
To ensure adequate provision of affordable housing for all classes of the population
To pool resources together for greater economies of scale in real estate development
To ensure that products of members conform to national building standards and planning laws
To promote the use of local inputs and finance research into the suitability of local building materials
To establish links with real estate institutions and allied bodies at home and abroad
To develop an effective mortgage house ownership scheme for prospective owners
To impress on financial institutions the need for long-term financing in real estate development

GREDA believes in the search for appropriate technology and promotes the use of local inputs in real estate development. The association also aims to establish close working relationships with financial institutions to develop an effective mortgage house ownership scheme for prospective owners.

GREDA’s Contribution to the Real Estate Industry

GREDA plays a significant role in the real estate industry in Ghana. The association champions housing supply and works towards ensuring adequate provision of affordable housing for all classes of the population. GREDA’s members consist of genuine, hardworking developers who contribute significantly to the national housing stock.

GREDA also maintains a close working relationship with real estate institutions and allied bodies both locally and internationally. This collaboration helps in promoting the development of the industry and creating a competitive business environment for real estate developers in Ghana.

GREDA’s Stand on Recent Allegations

In a recent broadcast aired on one of Ghana’s leading news platforms, allegations were made against GREDA regarding its operations and practices. The association vehemently denies these allegations and expresses strong dissatisfaction with the misinformation being spread.

GREDA has released a full statement addressing the allegations and has made it clear that it will seek legal redress to protect its reputation and the interests of its members. The association remains committed to upholding the highest standards of professionalism and ethical conduct in the real estate business sector.