GeneralDae:

Is this for real?

That is Ghana for you, over pricing and pricing in foreign currency. Make I burst your bubble again, see below .

GeneralDae:

Is this for real?

it's possible, that's Ghana. Don't forget the cedis redomination.

The last central bank program I went for (this previous Wednesday) they chipped in the falling rate of ghc against the dollar and appreciated cbn for ruling redomination out.

I even heard they, in their words "dollarised" the Ghanaian economy. Meaning, they do transact in dollar in corporate business, all in the guise to attract foreign investors but it's really killing the local currency.

theenchanter:
it's possible, that's Ghana. Don't forget the cedis redomination.

The last central bank program I went for (this previous Wednesday) they chipped in the falling rate of ghc against the dollar and appreciated cbn for ruling redomination out.

I even heard they, in their words "dollarised" the Ghanaian economy. Meaning, they do transact in dollar in corporate business, all in the guise to attract foreign investors but it's really killing the local currency.

Watch just.40 come and sing praises of how transacting in dollar is a good thing or vehemently deny this obvious canker in the Ghana economy.

samorobo:


You are stupid my bro. You are asking me if Nigeria has something like this. That’s a very stupid question even to Togo.


P.s when it comes to roads,we have miss Trudy and African tigress receipts all over the nets.

Again, you're still beating around the bush. That's not how I roll.

prove that that stretch of road is inferior to anything in your zoo and stop wasting my time.

https://www.theglobaleconomy.com/rankings/roads_quality/Africa/


https://www.youtube.com/watch?v=O2pBpsUmm4Q

popizaino:
This is pure madness even for the upper class.

yep .... Property pricing has become pure madness
But this is understandable because it is a 6 bedroom house which might have several living rooms.

Yet people still find the money to rent these properties on short stay..They seem to have their targeted market.


Just madness

GeneralDae:

Is this for real?

yes it is....

It wasn't a joke to find Accra property market at the top of the world in pricing

It's been madness

theenchanter:
it's possible, that's Ghana. Don't forget the cedis redomination.

The last central bank program I went for (this previous Wednesday) they chipped in the falling rate of ghc against the dollar and appreciated cbn for ruling redomination out.

I even heard they, in their words "dollarised" the Ghanaian economy. Meaning, they do transact in dollar in corporate business, all in the guise to attract foreign investors but it's really killing the local currency.

real estate is always transacted in dollars though.
That's the nature of that market.... Mostly coverted from dollar rates to any country local currency

Slowly... step by step. Ji115, you thought our horizontal infrastructure will take decades to catch up?

Give it less than 3yrs and all the streets in Nairobi will be like moroccos.

context
Joburg - Nairobi.



https://www.youtube.com/watch?v=FHBWJ0Gab7A

Meanwhile, the tallest residential apartment in SSA is halfway - 22fls to go..

Just40:
real estate is always transacted in dollars though.
That's the nature of that market.... Mostly coverted from dollar rates to any country local currency

If it's true, the government has to step in with rent controls and legislation to scare the property developers or owners. That's just too much money, even for the rich!

gallivant:


If it's true, the government has to step in with rent controls and legislation to scare the property developers or owners. That's just too much money, even for the rich!

well, the rich pays without flinching ....

You're asking for something dictatorial not done anywhere..

Ultimately it is the consumer that determine the price they are willing to pay for anything.. Ie. Market forces plays a part.

Govt can only set a ceiling rate and a minimum rate.

Just40:
well, the rich pays without flinching ....

You're asking for something dictatorial not done anywhere..

Ultimately it is the consumer that determine the price they are willing to pay for anything.. Ie. Market forces plays a part.

Govt can only set a ceiling rate and a minimum rate.

But then Just 40, even in America how many rich people can afford to pay that for a night? Except you are saying Ghana attracts many upper middle class folks or some corrupt politicians. Do you also think that place would be worth the price?

GeneralDae:

But then Just 40, even in America how many rich people can afford to pay that for a night? Except you are saying Ghana attracts many upper middle class folks or some corrupt politicians. Do you also think that place would be worth the price?

. I've not seen it to know if it is worth it... But at this rate, it better come with it own indoor pool and fully equipped gym

I don't know the class of people who rent it but I know that these places are mostly fully booked during seasons and most weekends... Sometimes by students

popizaino:
This is pure madness even for the upper class.

Accra for you.. anybody can quote whatever they want here.. no control.

POKUASI2:
Accra for you.. anybody can quote whatever they want here.. no control.

price control is dictatorial

It's better to make market forces play out than instituting price control... That's a slippery slope.


We did that in the 80s and destroyed our competitiveness and it won't happen again.

Imagine govt telling you to sell your goods at a certain rate that is below your cost price..

You'll be the first to cry fowl

Just40:
price control is dictatorial

It's better to make market forces play out than instituting price control... That's a slippery slope.


We did that in the 80s and destroyed our competitiveness and it won't happen again.

Imagine govt telling you to sell your goods at a certain rate that is below your cost price..

You'll be the first to cry fowl

It's like prices are unnecessarily inflated in Accra when it comes to anything real estate or other forms of construction. This project for instance is said to be estimated at a whooping 10 Billion dollars. It's there something unique about this project they ain't telling us.


https://www.youtube.com/watch?v=VGIQxNA6LFU

GeneralDae:

It's like prices are unnecessarily inflated in Accra when it comes to anything real estate or other forms of construction. This project for instance is said to be estimated at a whooping 10 Billion dollars. It's there something unique about this project they ain't telling us.


https://www.youtube.com/watch?v=VGIQxNA6LFU

yes it's a huge project that covers the entire land space that you see in the video, not just the shopping space...
The project has several residential properties and office spaces going up at the other end of the land


As for real estate prices, it's been going up for the last 10 years.
The steam it's been running on seem to be picking up more speed.

We are a few hours away from seeing financial bloodbath like the world has never seen before...

Bankruptcies and defaults like no other.

That will cause massive dedollarization on speed and inflation

Tayser:


Nobody is the name now

Shma:
Again, you're still beating around the bush. That's not how I roll.

prove that that stretch of road is inferior to anything in your zoo and stop wasting my time.

https://www.theglobaleconomy.com/rankings/roads_quality/Africa/


https://www.youtube.com/watch?v=O2pBpsUmm4Q

You are making noise.Don’t you ever heckle even Togo with this coma road of yours.

Cedis and Kwacha have bad history of hyperinflation that is hard to sort...people always remain with bad memories..and any sign of trouble...they dump it for dollar. Hyperinflation is hard to get out of.

theenchanter:
it's possible, that's Ghana. Don't forget the cedis redomination.

The last central bank program I went for (this previous Wednesday) they chipped in the falling rate of ghc against the dollar and appreciated cbn for ruling redomination out.

I even heard they, in their words "dollarised" the Ghanaian economy. Meaning, they do transact in dollar in corporate business, all in the guise to attract foreign investors but it's really killing the local currency.

Accra Marine drive Project finally going up after almost all land litigation cases cleared .

Pic 1.. Main Boulevard
Pic 2... Beach View
Pic 3 .. East view
Pic 4.. City view

Pic e and 4

Pic 5 .. Promenade and continental overview
Pic 6 ... Founders circle and park

Early morning walk

Just40:
Pic e and 4

Are they going to clear the Art and cultural centre also?

Just40:
We are a few hours away from seeing financial bloodbath like the world has never seen before...

Bankruptcies and defaults like no other.

That will cause massive dedollarization on speed and inflation

unpopular opinion, I think the Russia-Ukraine conflict might actually benefit the South African economy!!

popizaino:




Are they going to clear the Art and cultural centre also?

Yes per what I know ... Both centers have been given notices to evacuate

jl115:
unpopular opinion, I think the Russia-Ukraine conflict might actually benefit the South African economy!!

how ?

If you export to or import from Russia, you suffer because your banks will now have to look for a new clearing house and agree on the currency for the transaction to be done in.

Those who depend on Ukraine for their grain import suffers most because most of Ukraine export facilities are none operational and the world is in a supply chain crisis to make it easy for new suppliers to take the challenge.

Just40:

Yes per what I know ... Both centers have been given notices to evacuate

Wow.........no wonder it was looking scanty the last time I went there .