Addressing the 1.7 million housing deficit in Ghana necessitates a sturdy authentic estate sector pushed by remarkably-rated gurus, a finance professional, Professor Joshua Y. Abor, has observed.
The former Dean of the College of Ghana Organization Faculty (UGBS), pressured that it was crucial for a much better collaboration among real estate market players and academia to deliver a era of actual estate industry experts who would revolutionarise the sector.
He included that there should to be a paradigm shift from the theoretical strategy to instruction of serious estate professionals in the place to a more functional technique that mixed banking, finance and other modules.
Real estate programme
Prof. Abor manufactured the observations at a workshop organised by the UGBS to focus on measures becoming taken to introduce a new master’s programme in genuine estate at the university.
The workshop introduced with each other the academia, industry gamers and a segment of the community.
The previous UGBS dean described that the government masters in authentic estate programme was being launched to tackle knowledge gap concerning industry and academia.
In a presentation on the proposed real estate programme, a retired professor of city advancement and management, Prof. K.C Serbeh-Yiadom, defined that the govt masters in authentic estate had been rooted in finance, banking, securities and other disciplines with the all round goal of making certain that products and solutions of the course have been on top of all features of the genuine estate business.
He mentioned the country’s serious estate market experienced been battling from inadequacies these types of as bad land market place details, absence of an enabling laws, unresponsive money marketplace, weak competitiveness and absence of specialist information.
The city progress and management professor, said the new technique to genuine estate education and learning, as contained in the new programme, was “a purposeful educational or experienced training to endow the marketplace with an elite of specialists exceptionally proficient in global-conventional true estate expenditure and financing.
“It is not the typical Learn of Organization Administration (MBA) programme wherever graduates from to start with-diploma programmes can enrol. It is meant for pros in the banking, finance, securities, labour unions, pensions and insurance plan who want to get pro expertise in true estate,” he mentioned.
Serious estate sector essential
For his aspect, a Deputy Director-Basic in charge of Finance at the Securities and Trade Commission (SEC), Mr Paul Ababio, explained the programme in serious estate by the UGBS was well timed.
He reported that was for the reason that the sector was 1 of the most lucrative factors of the financial state and served as one particular of the key indices for measuring economic growth.
“The sector’s multiplier influence in conditions of career generation and companies is major,” he explained.
In accordance to the United Nations (UN) African countries with rapidly expanding populations will have 50 per cent of its population living in cities.
For Ghana, the 2021 PHC confirmed that 56.7 for every cent of the populace lives in urban spots.
Against that backdrop, Mr Ababio mentioned it was essential to prioritise the growth of the essential human resource essential to develop the sector.