Infrastructure contributed just over one percentage point to Ghana's annual per capital GDP growth during the 2000s. Raising the countrys infrastructure endowment to that of the region's middle-income countries could boost the annual growth rate by more than 2.7 percentage points. Ghana has an advanced infrastructure platform when compared with other low-income countries in Africa. The countrys coverage levels for rural water, electricity, and GSM signals are impressive. A large share of the road network is in good or fair condition. Institutional reforms have been adopted in the ICT, ports, roads, and water supply sectors. Ghanas most pressing challenges lie in the power sector, where outmoded transmission and distribution assets, rapid demand growth, and periodic hydrological shocks leave the country reliant on high-cost oil-based generation. Exceptionally high losses in water distribution leave little to reach end customers, who are thus exposed to intermittent supplies. Addressing Ghana's infrastructure challenges will require raising annual expenditures to $2.3 billion. The country already spends about $1.2 billion per year on infrastructure, equivalent to about 7.5 percent of GDP. A further $1.1 billion is lost each year to inefficiencies, notably underpricing of power.Ghana's annual infrastructure funding gap is about $0.4 billion per year, chiefly related to power and water. Following its recent oil discoveries, Ghana can raise additional public funding from increased tax receipts. The country has several strong areas on which to build and a solid economic base from which to fund incremental efforts.
The new building trends in Ghana in this current year is rather amazing. One of the newest trend is the building of apartments which are not rented now but sold. We will ask ourselves why this suddden change?
A lot of times it has to do with convenience. Apartments might be located in the center of the city, grocery, boutique shopping, café, and work might be within walking distance. You don't have to maintain a kept yard and a lot of times and you don't have to clean large amounts of space. Some apartments you can buy instead of rent. People like the conveniences of small, comfortable, places to live, especially in cities. These are major signaficances of apartments:
1. Everything is at your fingertips.
2. They're cozier.
3. They clean up faster.
4. They allow you to live with less of everything - simplicity & economy.
5. A small space allows you to experiment more with different design ideas.
6. They get you outside more.
7. They put you more in touch with your neighbors/community.
8. They are cheaper. They put more money back into your life.
9. Small spaces require more imagination (large spaces are for those with no imagination).
10. Small spaces create momentum. They force one to make decisions, at home as well as in life.
Apartment buildings for sale now are found in the centre of Accra basically the residential areas like East Legon, Airport and Adjiringanor. Sloane House, Meridian Apartments, Glormina, La Beach Towers, just to mention a few.
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