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Africa is Rising! A presentation made for Ghana and the rest of Africa at the NAR Global Business meeting at the 2013 NAR Conference.
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Africa is Rising,
Ghana is a Resourceful Nation
Presented ByVicky Sampah- MBA, MSRE, GRI,
ABR, e-PROFounder - Ghana Real Estate
Professionals Association – GREPACEO - ABRI Properties Ghana
“We are excited and very positive about Africa. We are
optimists, but we are realistic optimists – our perspective is
deliberately a glass half full rather than half empty one. This is
mainly because we believe that it takes a positive mindset to
succeed in Africa. If you set out expecting difficulty and risk,
you will find it. However, ours is not a point of view informed
by anecdotes and wishful thinking – the numbers speak for
themselves.”Ajen Sita, CEO, Ernst & Young Africa
Outlook by the experts
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
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“We are excited and very positive about Africa. We are
optimists, but we are realistic optimists – our perspective is
deliberately a glass half full rather than half empty one. This is
mainly because we believe that it takes a positive mindset to
succeed in Africa. If you set out expecting difficulty and risk,
you will fi nd it. However, ours is not a point of view informed
by anecdotes and wishful thinking – the numbers speak for
themselves.”Ajen Sita, CEO, Ernst & Young Africa
The ‘GREEN’ AfricaAn extraordinarily diverse continent
of 53 Nations From Hopelessness to
Hopefulness
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
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The ‘GREEN’ AfricaThe World's Next Gold Standard Will Come Through China And Africa…. Forbes, 11/01/2013 @ 10:49AM
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
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Ghana and Neighbors
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
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• Called the GOLD COAST• The first country in sub-
saharan Africa to gain independence – 1957
• The discovery of oil – the Jubilee field. Systematic and sustained efforts leads to the discovery of oil in 2007
• Valve opened to commence production from the Jubilee Oil Field in December 2010
• New found oil in Ghana is going to be a Bonanza’ Chris Jackson, World Bank
• Population is growing and expectation of the international community will also grow
• Strong Economic growth – 13.5% IMF , 2011 reflecting the start of the oil and an indication of a robust performance of the non oil sector
• Ghana is no more a low income country. Ghana has moved into a middle income country
Ghana
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
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The Ghanaian
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Qualities
• Ingenious people• Creative and innovative• Brilliant people• Hospitable people• Friendly people• Peaceful people• Great sense of humor• Combination of these
qualities makes Ghanaians unique
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
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LOCATION : On the Gulf of Guinea and the Atlantic Ocean in the Africa Frontier of Sub-Saharan Africa
POPULATION:25m people in 10 regions
CLIMATE: Tropical averaging a low of 20Cdegrees (69F) to 26C Degrees (79F) with the capital Accra averaging 30C (86F)
LANGUAGE: 9 dialectes with English as official language
Ghana - Highlights
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
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Some US Companies in Ghana
Newmont MiningNuevo Petroleum ACSCMS EnergyCoca ColaS.C. JohnsonRalston PurinaStar-Kist A.H. RobinsSterling
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
9
US Companies in Ghana
InroadsGENERAL ELECTRIC (GE) signed an MOU with the government of Ghana in June focused on trying to develop what we call a "power park" to produce 1000 MW over the next five years- Jay Ireland, GE AfricaFor GE, Africa's Infrastructural Needs Represent Business Opportunity - Jay IrelandPower Sector is Ready for 'Stampede' of Investment - General ElectricThe discovery of major oil reserves in deep water in the Gulf of Guinea has led numerous international petroleum exploration firms to enter the Ghanaian market, and many other firms involved in oil and gas auxiliary services have expressed interest in starting operations in the country.
Ghana and the United States are signatories to twenty agreements and treaties covering such matters as agricultural commodities, aviation, defense, economic and technical cooperation, education, extradition, postal matters, telecommunications, and treaty obligations.
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
10
FOCUS ON AFRICAInvestors who placed their faith in African equity markets over the last year would have earned an average 19.7% return in local currency terms, according to Thomson Reuters Data
African equity market returns have outperformed those of other emerging market regions between October 2012 and October 2013, boosting the investment allure of the continent.
African equity markets outperformed the likes of Latin America (4.2%), emerging Europe (5.7%) and emerging Asia Pacific (9.3%).
These impressive returns were led by Ghana (115%), Kenya (58.2%), Cote d’Ivoire (46.5%), Nigeria (38.7%), Uganda (31.7%) and Zambia (30.8%), while the world global average was at 19.4%.
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
11
PERFORMANCES OF THE VARIOUS INVESTMENT SECTORS OVER THE PAST YEAR
Healthcare (57%) was the top performing sector in Africa over the last twelve months followed by consumer cyclicals (38.2%), technology (34%), utilities (27.2%) and telecommunication services (25%).
The worst performing sectors in Africa over the last year were energy (-0.2%) and basic materials (6.1%).
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
12
Growing populations and rapid urbanization combined with improved per capita income has ignited a property boom
Properties in Ghana and Africa
Investment yields in excess of those on offer in the developed world
Property investments deliver double digit dollar returns
Demand for quality office space by large multinationals chasing oil, gas and other opportunities in the continentDemand for CLASS ‘A’ and GREEN building are high
Properties in Africa does not come cheap
Fact
Fact
Fact
Fact
Fact
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
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Property Values in Ghana
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Keep going up
• The personal income level of Ghanaians has risen enough recently that the country’s socioeconomic status has been upgraded from low-income to lower middle-income.
• The demand for existing homes is high; but the supply is low.
• The 2000 Population and Housing Census estimates 2.3 million new homes will be built by 2025 to keep
• Rapid urbanization of metropolises such as Accra, Tema and Kumasi are driving housing prices up in those areas, yet increases in credit are enabling Ghanaians to keep up with the purchase prices.up with the demand.
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
14
ForwardGhana is a
representation of the future of Africa Seize the
opportunity today and join us in Ghana by
investing in Real Estate.
By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association -
GREPA
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• Ghana Real Estate Institute• MLS System• Partnership with major
Real Estate Companies to Foster best practices in Ghana
Building Partnerships
• Forbes• Reuters• World Bank• Fin24• AllAfrica• Sanlam Financial• American Chamber of
Commerce• US Embassy in Ghana• GIPC – Ghana Investment
Promotion Center• Africa by numbers – Ernst &
Young
Source
Vicky Sampah - MBA, MSRE, REALTOR® GRI, ABR, e-PRO
CEO of ABRI Properties, GHANAFOUNDER/ PRESIDENT
Ghana Real Estate Professionals Association (GREPA)
The ABRI Foundation
Contacts US: +1815.733.5511 Fax: +1866.886.8432
GHANA: +233.26.957.4186GHANA: +233.26.957.4186 Fax: +233.302-
52-1805Email: [email protected]