Addressing the 1.7 million housing deficit in Ghana calls for a robust authentic estate sector driven by remarkably-rated pros, a finance pro, Professor Joshua Y. Abor, has noticed.
The former Dean of the University of Ghana Small business University (UGBS), pressured that it was significant for a much better collaboration between authentic estate market players and academia to make a era of actual estate experts who would revolutionarise the sector.
He extra that there ought to be a paradigm shift from the theoretical strategy to training of true estate pros in the country to a additional sensible technique that put together banking, finance and other modules.
True estate programme
Prof. Abor created the observations at a workshop organised by the UGBS to discuss actions being taken to introduce a new master’s programme in actual estate at the university.
The workshop brought together the academia, industry gamers and a section of the public.
The former UGBS dean described that the executive masters in real estate programme was currently being launched to tackle know-how gap between business and academia.
New technique
In a presentation on the proposed real estate programme, a retired professor of city progress and management, Prof. K.C Serbeh-Yiadom, discussed that the executive masters in serious estate were rooted in finance, banking, securities and other disciplines with the general objective of making certain that merchandise of the program were on top of all facets of the true estate company.
He stated the country’s genuine estate business had been battling from inadequacies this sort of as poor land marketplace information and facts, absence of an enabling legislation, unresponsive cash current market, bad opposition and absence of expert information.
The city enhancement and administration professor, claimed the new approach to real estate education and learning, as contained in the new programme, was “a purposeful tutorial or experienced education to endow the marketplace with an elite of authorities extremely knowledgeable in worldwide-regular true estate expense and financing.
“It is not the normal Learn of Business enterprise Administration (MBA) programme where by graduates from initial-diploma programmes can enrol. It is meant for gurus in the banking, finance, securities, labour unions, pensions and insurance coverage who want to get qualified understanding in actual estate,” he reported.
Genuine estate sector key
For his element, a Deputy Director-Standard in demand of Finance at the Securities and Trade Fee (SEC), Mr Paul Ababio, mentioned the programme in serious estate by the UGBS was timely.
He mentioned that was since the sector was just one of the most successful features of the economic system and served as one of the essential indices for measuring economic progress.
“The sector’s multiplier influence in terms of career generation and expert services is considerable,” he said.
According to the United Nations (UN) African nations around the world with fast expanding populations will have 50 for every cent of its population residing in towns.
For Ghana, the 2021 PHC showed that 56.7 per cent of the inhabitants lives in city regions.
Towards that backdrop, Mr Ababio stated it was significant to prioritise the development of the significant human source needed to construct the sector.