GHL Bank has held the first of two Developers Seminars scheduled for 2018 in Accra this week. The bank, which formerly operated as Ghana Home Loans, has organised this event since 2008 to foster a mutually beneficial relationship with real estate developers while providing these developers the platform to stretch their ambition to deliver enough homes to meet the demands for housing.
The event also seeks to provide real estate developers across the country insight into world class industry standards and resources to enable them improve on home construction and supply. This year’s first event was heavily patronized by over two-hundred real estate developers, property owners and partner vendors and suppliers within the real estate sector.
The team from GHL Bank shared the various innovative banking products and services that have been made accessible specifically to the real estate developers as well as business value optimization facilities for the supply of quality modern and affordable properties. The bank highlighted that their partnership with real estate developers has become more profound now that they are a one-stop bank still focusing on providing every applicable boost for the real estate sector.
In addition to the existing Construction Loans, developers can now operate accounts, manage payments and transactions as well us acquire investments packages from GHL Bank to support their businesses.
In an address to the developers, Mr. Kojo Addo Kufuor, Executive Director of Business reiterated that the bank maintains its position as the true partner for the real estate sector. “It’s become more relevant that we have various streams of communication and support for these developers. Now more than ever, we will be looking out for and sharing trends and innovative ways to enhance and facilitate the supply and production of homes to meet the increasing demand for homes and properties”.
Mr. Sammy Amegayibor Executive Secretary for GREDA spoke to the real estate developers about the need to concentrate on the quality of the homes they develop as it becomes cheaper in the long term. “Increasingly people are beginning to prefer building their own homes to buying from developers because the quality and prices fails to meet expectations”, he said. He encouraged them to join GREDA’s knowledge sharing programmes and meetings to be abreast with ways to optimize and meet quality standards.
Some key industry players like API, organisers of the West Africa Property Investments Summit, SESO and WindSol Energy made presentations to the developers on ways to drive the priority of the real estate agenda and explore platforms that facilitates secured, trusted and risk-free transactions between, Property Owners, Land Service Agencies and clients.
Also in attendance were the members of the GHL Bank Real Estate Club (REC) from six major tertiary Institutions -University of Ghana Legon (UG), Kwame Nkrumah University of Science and Technology (KNUST), Ashesi University, University of Professional Studies (UPS) and University of Cape Coast (UCC) as well as the Ghana Institute of Journalism (GIJ). The REC was established in 2010 to provide a networking platform for the students from the various tertiary institutions and also to create a platform for the students to learn more about the housing industry.
Representatives from member institutions were given a chance to speak on their expectations from GHL Bank and the Developers in enhancing their knowledge and experience.