Addressing the 1.7 million housing deficit in Ghana requires a robust actual estate sector pushed by really-rated professionals, a finance specialist, Professor Joshua Y. Abor, has observed.

The previous Dean of the College of Ghana Company School (UGBS), stressed that it was significant for a more robust collaboration in between authentic estate sector gamers and academia to produce a generation of real estate industry experts who would revolutionarise the sector.

He included that there should to be a paradigm shift from the theoretical solution to teaching of true estate specialists in the nation to a additional sensible method that blended banking, finance and other modules.

Actual estate programme

Prof. Abor produced the observations at a workshop organised by the UGBS to examine ways remaining taken to introduce a new master’s programme in genuine estate at the university.

The workshop brought alongside one another the academia, marketplace players and a portion of the general public.

The former UGBS dean spelled out that the executive masters in real estate programme was remaining launched to tackle understanding gap in between market and academia.

New strategy

In a presentation on the proposed true estate programme, a retired professor of urban development and management, Prof. K.C Serbeh-Yiadom, defined that the govt masters in genuine estate have been rooted in finance, banking, securities and other disciplines with the overall objective of ensuring that products of the program have been on leading of all facets of the serious estate enterprise.

He claimed the country’s authentic estate market had been having difficulties from inadequacies such as bad land industry data, absence of an enabling legislation, unresponsive cash industry, weak level of competition and absence of pro information.

The city advancement and administration professor, claimed the new tactic to serious estate training, as contained in the new programme, was “a purposeful tutorial or skilled schooling to endow the industry with an elite of authorities extremely experienced in world-typical true estate expenditure and funding.

“It is not the standard Master of Business enterprise Administration (MBA) programme where by graduates from initial-degree programmes can enrol. It is meant for experts in the banking, finance, securities, labour unions, pensions and insurance policies who want to get pro awareness in authentic estate,” he mentioned.

Authentic estate sector important

For his section, a Deputy Director-Common in cost of Finance at the Securities and Exchange Fee (SEC), Mr Paul Ababio, said the programme in genuine estate by the UGBS was well timed.

He mentioned that was mainly because the sector was just one of the most lucrative elements of the financial system and served as a single of the important indices for measuring financial expansion.

“The sector’s multiplier result in conditions of career creation and expert services is important,” he stated.

According to the United Nations (UN) African countries with quickly growing populations will have 50 per cent of its population residing in metropolitan areas.

For Ghana, the 2021 PHC showed that 56.7 per cent of the inhabitants life in urban parts.

Against that backdrop, Mr Ababio reported it was essential to prioritise the advancement of the vital human useful resource necessary to construct the sector.