GREDA Urges Building Material Suppliers to Align Prices with Market Realities
Association calls for transparency amid cedi appreciation and inflation concerns
The Ghana Real Estate Developers Association (GREDA) is calling on suppliers of building materials to adjust their pricing to reflect the current exchange rates and real cost of inputs. The association says many material costs remain inflated despite improvements in macroeconomic indicators such as the appreciation of the Ghana cedi.
In a press statement, GREDA noted that while developers and contractors are doing their best to contain housing prices, suppliers of essential construction materials continue to price their goods at levels inconsistent with prevailing market trends. This, the association argues, is worsening affordability issues and slowing down housing development.
“We urge suppliers of cement, iron rods, roofing sheets, tiles, and other key inputs to be fair and realistic with their pricing,” GREDA said. “The current rates at which some of these items are being sold do not correspond with the cedi-dollar exchange rate or the actual cost of production.”
The call comes at a time when Ghana’s housing deficit remains a pressing concern, and developers are seeking ways to lower costs and boost supply. GREDA emphasized that greater pricing transparency and fairer margins from suppliers could help drive more investment into the housing sector and improve access to affordable homes.
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