The Ghana Real Estate Developers Association has called on government to come to their aid in reversing the negative growth experienced in the first half of the year.

“ Sale of property have dropped and we have incurred heavy debt in unpaid loans.Normally if it is an election year, we expect things to be much easier because quite a number of people are willing to spend and there is a lot of money flowing in the system. Unfortunately this year, it is not happening like that,” Mr. Amegayibor told online real estate platform, Lamudi.

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GREDA expects government to take decisive decisions in reducing Value Added Tax, high interest rates, land acquisition issues and access to long-term financing.

These, according to Mr. Amegayibor will go a long way to turn the year around for local real estate developers.