FIABCI GREPA GHANA ENVIRONMENTAL PRESENTATION
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FIABCI GREPA GHANA ENVIRONMENTAL PRESENTATION

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Environmental Issues and Real Estate

Environmental Issues and Real Estate

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FIABCI GREPA GHANA ENVIRONMENTAL PRESENTATION FIABCI GREPA GHANA ENVIRONMENTAL PRESENTATION Presentation Transcript

  • Ghana’s Environment Rediscovering the Link between Success & Respecting the Natural World FIABCI-USA San Francisco 2013 Presented By Vicky Sampah- MBA, MSRE, GRI, ABR, e-PRO Founder - Ghana Real Estate Professionals Association – GREPA CEO - ABRI Properties Ghana
  • Societies can become more environmentally sustainable through economic development dedicated to improving the quality of life for everyone without degrading the earth’s life-support systems. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 2
  • Ghana in Africa • Ghana is located on the Gulf of Guinea and the Atlantic Ocean in the Africa Frontier of SubSaharan Africa. • A Western African country bordered on the East by the Republic of Togo, the West by Cote d’Ivoire, the North by Burkina Faso and the South by the Gulf of Guinea. • The Country lies between longitudes 3° 15’ W and 1° 12’ E, and latitude 4° 44’and 11° 15’ N. • A total land area of Ghana is 238,533 km2 • A coastline of 550km2 By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 3
  • General weather conditions • Tropical humid climatic conditions with two major seasons • Minimum temperature ranges from 21°C - 23°C and maximum temperature is from 30°C - 35°C By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 4
  • Resources • Ghana has rich and diverse natural resources • • • • • • Gold Cocoa Manganese Bauxite Diamond Oil Ghana Cocoa Chocolate By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 5
  • The Gold Coast • Called the GOLD COAST • The first country in subsaharan 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 By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 6
  • Jubilee Field Oil Fields in Ghana Late President of Ghana, commissioning the field to start operations By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 7
  • Reserves and Parks • Ghana is rich in biodiversity. • wide variety of birds, reptiles and animals with unique habitats, and a wide range of plants and flowers • Rare plants, flowers and animal species • Kakum the leopard and golden cat are rare carnivores; the rufus fishing owl and white-breasted guinea fowl are endangered birds while the giant butterfly Papilio maesseni are found only in the Likpe area of Volta Region. • Major tourist attractions includes the Kakum, Bia, and Mole national parks; the Paga Crocodile Pond; beautiful beaches, forts, and castles; and many other important national heritage sites. Mole By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 8
  • Population increase • Ghana had a population of about 12.4 million in 1984. This figure increased to 18.8 million in 2000, 24 million in 2010 and 25.37 million in 2012 recorded by the world bank and reflecting an intercensai growth rate of 2.6 percent • It is suspected to have increased to 27 million. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 9
  • Factors contributing to increase • Life expectancy at birth has improved from 45 years in 1984 to 55 years in 2000 • About 37.4 percent of the population live in urban areas as against 32 percent in 1984. • The country has attained middle income status in 2011 • Robust economic growth of 8 percent, strong democratic institutions, and favourable prospects for oil and gas, Ghana is attracting significant foreign direct investment increasing population • Poverty has decreased • Improved school enrolment • Discovery of wealth has increase foreign investments and human capital. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 10
  • Outlook on Returns 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
  • IMF Concerns ‘Continued success will depend on strong political will to decisively confront Ghana’s short-term vulnerabilities’ the IMF said in its regular review of the West African nation’s economy. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 12
  • The State of the Environment • Similar to developed countries, emissions from point sources such as vehicles and industries tend to create atmospheric pollutants within their immediate environments. • Urbanization coupled with Industrialization is causing a depletion of forest in the country • Biodiversity is gradually being depleted due to a variety of factors. Prominent among them are poaching, habitat loss and deforestation • Mining activities have also destroyed • There is fear that the rate of deforestation will offset net CO2 removal as forests, which serve as sink for excess CO2, are being depleted. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 13
  • The State of the Environment • It is estimated that over 90 percent of Ghana’s high forest have been logged since the late 1940s • The current deforestation rate is about 22,000 hectares (ha) per annum. Ghana, therefore, may face future export deficits and there is the likelihood that the country’s forestry sector will die out. • Ghana is not under water stress, however, there is a serious problem of uneven distribution of water, leading to perennial water shortages in many parts of the country, especially during the dry season. Inadequate industrial and domestic wastewater management has resulted in the pollution of most surface water resources in the country. Prominent among these are the rivers that flow through urban areas. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 14
  • The State of the Environment • Agricultural land availability has reduced from 1.56ha in 1970 to 1.11ha in 1984 to 0.74ha in 2000. This shows that there has been pressure on the country’s land resources over the past three decades. The pressure on land available in urban areas is largely due to rural-urban migration. • The coastal zone of the country is under intense pressure due to high concentration of human activities within the zone. The major industries in the country are located within the zone. Marine fishing serves as a source of livelihood for the majority of the people living along the coast which makes erosion eminent. • Most Foreign Investors prefer the coastal major towns namely; Accra, Tema and Takoradi with sea and air ports. • Illiteracy coupled with lack of awareness of environmental issues and legislation has also contributed immensely to environmental problems in the country. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 15
  • Threats to Ghana’s Environment Mining Activities By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 16
  • Threats to Ghana’s Environment Mining Activities destroying land in Ghana By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 17
  • Threats to Ghana’s Environment Lumber Industries destroying land in Ghana By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 18
  • Threats to Ghana’s Environment Poor Water and Solid waste management By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 19
  • Threats to Ghana’s Environment Oil leak The cyanide spillage caused by Goldfields Ghana Limited (GGL) in 2001 By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 20
  • Efforts to control Many institutions for regulating the environment were established after 1990 including, Environmental Protection Agency, Water Resources Commission, Forestry Commission and Energy Commission. Nongovernmental organization activity has also increased, with the implementation of many programmes. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 21
  • COMPLIANCE AND ENFORCEMENT Ghana has a long history of attempting to safeguard the environment from being abused by enacting and including environmental protection in appropriate legislation The best result from all of these attempts is the establishment of an organisation solely responsible for the environment – the Environmental Protection Agency (EPA) deriving its administrative procedures through a legislative instrument LI 1652, an Act of Parliament of Ghana By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 22
  • COMPLIANCE AND ENFORCEMENT • Guidelines for new developments • Compliance through partnerships with State agencies. For instance The Energy Commission is the state institution responsible for ensuring that investment in the energy sector is properly controlled. The Commission is therefore responsible for licensing all investors in the energy sector and for regulation • Thus investment in the energy sector means compliance with LI 1652 and its parent Act. of their activities thereafter. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 23
  • CONCLUSION Just as any other country, the future of Ghana’s environment is thus not gloomy • Government will have to make the environment one of the national priority areas • Constantly reviewing existing environmental laws and enacting new legislation to reflect current and global trends • Training and technical support from the international communities for regulating the environment. To ensure adequate allocation of resources for capacity building and utilisation in environmental management. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 24
  • GREPA on Environment One important Area that has been overlooked in Ghana when it comes to environmental concerns is within the Housing industries. Ghana has problems with water ingress and this is causing damage to properties and poses a health threat to Residents. Properties with water ingress result in mold which is very dangerous. As this area has not been addressed, the Ghana Real Estate Professionals Association GREPA will take the opportunity to address the issue By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 25
  • GREPA on Environment Through the following steps • Research into the Problem • Mold, Radon Asbestos Awareness programs • Mold mitigation and irradiation programs • Technical advice to builders to prevent water ingress from foundation • Public awareness • Advice for policy makers to include testing on all properties. By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 26
  • International Support PLEASE SUPPORT GREPA ACHIEVE THIS GOAL By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 27
  • Contacts Ghana Real Estate Professionals Association – GREPA The ABRI Foundation US: +1630.923.3223  Fax: +1866.886.8432 GHANA: +233.26.957.4186   Fax: +233.302‐52‐1805 Email: info@abriproperties.com  info@repagh.org By Vicky Sampah, MBA, MSRE, ABR, GRI, e-PRO Ghana Real Estate Professionals Association - GREPA 28