Mrs.Matilda Alomatu Osei-Agyeman, Minister/ Head of Chancery at the Ghana High Commission, UK has called on Ghanaians in the diaspora and potential investors to explore investment opportunities in the property and lifestyle sectors of the economy. This was contained in a speech made on behalf of the Ghana High Commissioner to the UK and Republic of Ireland, H.E. Papa Owusu-Ankomah, at the 3rd Ghana Property and LifstyleExpo held at Pestana Chelsea Bridge Hotel, London,on Saturday, 9th November.
This year’s event, third in the series attracted a lot of patronage and interest from Ghanaians in the diaspora, potential investors, fund managers, bankers, real estate developers, media fraternity as well as other service providers.
Mrs. Matilda Alomatu Osei-Agyeman, in the address, highlighted some of the major initiatives by Government in the sector. The Government, acting through the Ministry of Works and Housing, is in the process of concluding the Real Estate Agency Bill for the consideration of Cabinet and subsequent Parliamentary approval.
The Government, according to the Head of Chancery, is committed to protecting prospective buyers of properties in Ghana and by those in the diaspora and further create the conducive environment for industry players to operate in a transparent, predictable business environment.
It is highly anticipated that the passing of the Bill into law will also strengthen the anti- corruption initiatives in the country and curb money laundering and other financial malpractices in the sector.
Additionally, according to the Head of Chancery, the Bill when enacted into law, will be in the interest of good governance and give the country an improved standing in global compliant assessment and bring confidence in the real estate and property market.
The High Commission commended the management of ‘On Point Property Management Services’ fororganizing such an innovative expo which among other things, seek to attract targeted investment into the country and create the platform for engagement with the different actors on the value chain.
Participants also benefitted from presentations from industry experts in areas of finance, legal, Estate planning, including lifestyle exhibitors. There were positive engagements with the view of acquiring properties and hedging in the real estate sector.
Ghana Property and Lifestyle Expo provide a one stop shop for anyone contemplating investing or visiting Ghana and is a timely support for the diaspora. The Expo served as a perfect platform by cultivating an environment of transparent, professional service, and participants benefitted from valuable information on how to safely invest in Ghana.