Public and Private Sector Developers By Awura Ako Donkor and Janice Antoinette Agyemang Yeboah

History Growth in real estate development Increase in demand for labour

Who are they? Private developers Seek maximum possible returns Minimize risk and commitment of their time and money E.g. Home Finance Company, Regimmanuel Gray and Trassaco Valley Public developers Large scale property development projects Motivated by economic development goals In-charge of country’s development E.g. State Housing Corporation and State Hotels Corporation

Role Public : Tax laws, utilities, zoning, acquisition of land titles, development of roads, as well as policies and regulations. Can also partner with private developers Private: Small scale developments but can also partner with public developers for large scale projects

Training  Real estate Investments  Graduate School/ College or Business School  Family Land holdings

Challenges  In Ghana, Government owns an extensive share of prime land.  Unregistered Lands  Lack of pressure from central government on local government

Challenges  Lack of skills of local government to manage their land holdings effectively.  Risk of power struggles within or between communities.  Limited Financing from banks

Public-Private Partnerships Success of Private sector developers

STX DEAL PPP (Private – Public Partnership) Create 200,000 units of housing with $10 billion GOG and STX Korea

Bibliography Business for Development. (2008, November 7). Retrieved September 3, 2011, from GREDA chickens out of opposition to STX housing deal. (2010, July 6). Retrieved September 3, 2011, from housing-de.html PRESS RELEASE BY GHANA REAL ESTATE DEVELOPERS ASSOCIATION. (2010, August 2). Retrieved September 3, 2011, from A Diagnostic Checklist for Land Markets. (2011, September 3). Retrieved September 3, 2011, from siteresources.worldbank.org: siteresources.worldbank.org/.../Industry_Checklist_-_Land_Market.doc Structuring, Documenting and Implementing PPP Deals. (2011, February 1). Retrieved September 3, 2011, from Council, G. E. (2010, July). Ghana Real Estate Developers Association. Retrieved September 3, 2011, from news.myjoyonline.com: Miles, M. E., Berens, G. L., Eppli, M. J., & Weiss, M. A. (2007). Real Estate Development. Washington, D.C.: Urban Land Institute. Tsikata, P. A. (2004, May 3). Real Estate As A Vehicle For Our National Development. Retrieved September 3, 2011, from developm.html Weiss, M. A. (1988). Researching the History of Real Estate Development. Retrieved September 3, 2011, from

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