{"id":105785,"date":"2025-12-07T17:09:44","date_gmt":"2025-12-07T17:09:44","guid":{"rendered":"https:\/\/sotnews.agency\/?p=105785"},"modified":"2025-12-07T17:09:44","modified_gmt":"2025-12-07T17:09:44","slug":"greda-president-pushes-for-swift-reduction-in-interest-rates","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=105785","title":{"rendered":"GREDA President pushes for swift reduction in interest rates"},"content":{"rendered":"
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The President of the Ghana Real Estate Developers Association (GREDA), Dr. James Orleans Lindsay, has renewed calls for a swift and significant reduction in interest rates, stressing that such a move is crucial for stabilising the housing sector and stimulating broader economic growth.<\/p>\n

Speaking at the 2025 GREDA Awards and Dinner Night, Dr. Lindsay described the high interest-rate environment as one of the most pressing obstacles facing developers and prospective homeowners. <\/p>\n

According to him, the cost of borrowing has pushed construction expenses upward and placed mortgages far out of reach for many Ghanaians.<\/p>\n

\u201cOur sector cannot unlock its full potential until interest rates are brought down to realistic levels,\u201d he said. \u201cWe need urgent, decisive action, not gradual adjustments. A rapid reduction will not only support developers but also empower ordinary citizens who dream of owning a home.\u201d<\/p>\n

Dr. Lindsay emphasised that a more favourable financial climate would attract new investments, support local construction companies, and help bridge Ghana\u2019s widening housing deficit.<\/p>\n

He warned that delays in adjusting rates could further stifle growth and hinder ongoing efforts to expand affordable housing.<\/p>\n

The 2025 GREDA Awards and Dinner Night celebrated excellence within the real estate industry, honouring companies and individuals who have demonstrated innovation, quality, and leadership.<\/p>\n

However, the president noted that despite the successes highlighted during the event, developers continue to operate under challenging economic conditions.<\/p>\n

He concluded by urging policymakers, financial institutions, and industry stakeholders to collaborate in crafting solutions that prioritise long-term sustainability and affordability.<\/p>\n

\u201cReducing interest rates swiftly is not just an economic decision,\u201d he added. \u201cIt is a social necessity that aligns with our national development goals.\u201d<\/p>\n

The ceremony brought together top developers, investors, government representatives, and industry professionals, all of whom echoed the need for supportive policies to drive growth in Ghana\u2019s real estate landscape.<\/p>\n<\/div>\n

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\"GREDA\u201cOur sector cannot unlock its full potential until interest rates are brought down to realistic levels,\u201d he said. \u201cWe need urgent, decisive action, not gradual adjustments. A rapid reduction will not only support developers but also empower ordinary citizens who dream of owning a home.\u201d<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12,13507,13508,3953,10,9,2654],"tags":[],"class_list":["post-105785","post","type-post","status-publish","format-standard","hentry","category-business","category-dr-james-orleans-lindsay","category-greda","category-interest-rates","category-politics","category-popular","category-real-estate"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/105785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105785"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/105785\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}