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Ghana News

KasaBazaar CEO Calls on Government to Support Affordable Housing Development

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Ghanaian real estate company, KasaBazaar, has launched its operations in Accra after starting in Kumasi and expanding to Takoradi. Speaking at the launch, the company’s President, John William Adel, called on the government to reduce taxes on building materials to help players in the industry offer affordable housing to the general public. Adel also said that the government should introduce policies and interventions to enable financial institutions to provide less expensive credit facilities to businesses, including the real estate sector.

According to Adel, the current cost of doing business in the country is very high, which has affected many businesses and made it difficult for them to stay afloat. He hopes that the government will take necessary measures to reduce the tax on building materials, support banks to provide more liquidity, and enable real estate companies to build more affordable houses for people.

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KasaBazaar is engaged in real estate, property management, and the shipment of goods from abroad to any part of the country. The CEO of the company, Rose Adel, said that they assist clients in building and completing their buildings within a short period, allowing for payment over a long term.

For the most part, the real estate industry in Ghana has been facing challenges with high taxes on building materials, expensive credit facilities, and a slow permitting process. The high cost of doing business makes it difficult for companies to offer affordable housing to the public. However, with the launch of KasaBazaar in Accra, there is hope that the industry will receive the necessary support from the government to reduce the cost of doing business and offer affordable housing to Ghanaians.

In summary, KasaBazaar is committed to providing affordable housing to the general public in Ghana, and the government’s support is crucial for the success of the industry. With the reduction of taxes on building materials and less expensive credit facilities, the industry will have the necessary tools to build affordable housing for Ghanaians.

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