Key Takeaways
- Developers in Ghana are focusing on AI-driven innovations to create smart cities and technology-enhanced housing solutions.
- The Daily Graphic/GREDA Home Fair will emphasize eco-friendly housing and AI’s role in future developments.
- Rising building material costs pose significant challenges to affordable housing efforts in the country.
AI’s Impact on Ghana’s Real Estate Sector
Ato Classpeters, Executive Secretary of the Ghana Real Estate Developers Association (GREDA), has emphasized that the increasing influence of Artificial Intelligence (AI) is prompting real estate developers in Ghana to prioritize the creation of smart cities and technology-driven housing solutions. He noted that as AI reshapes global lifestyles, Ghana’s real estate sector must adopt these advancements, with modern housing reliant on technology to enhance efficiency, comfort, and sustainability.
Mr. Classpeters highlighted that the integration of AI into housing projects is essential for building cities that are prepared for the future. AI is transforming various aspects of home management, including energy regulation, security, and communication. He spoke to the Daily Graphic about the importance of incorporating such innovations into future developments, especially with the upcoming Daily Graphic/GREDA Home Fair scheduled for August 28-30 at the Accra Mall Food Court. The fair is themed “Technology-Enabled and Eco-Friendly Housing: Now and the Future” and aims to bridge gaps among developers, banks, suppliers, and investors, showcasing innovative housing solutions.
In preparation for the fair, Mr. Classpeters welcomed the focus on smart and eco-friendly housing, viewing it as necessary for Ghana’s future. However, he pointed out that the rising costs of building materials remain a significant obstacle to achieving the government’s goal of affordable housing. This issue undermines the mission to make housing accessible to more Ghanaians. He stressed the need for collaboration with the government to alleviate these pressures on developers.
The fair is expected to feature numerous exhibitors, including Lakeside Estate, Star Properties, and Regimanuel Gray Limited, among others. Headline sponsors MTN and Samsung will present their latest home technology solutions, including smart home security systems and modern living products.
As the fair approaches, the emphasis will not only be on showcasing housing units but also on fostering conversations about sustainability and the integration of AI within the sector. This initiative reflects a broader trend within Ghana’s real estate industry, emphasizing the importance of adapting to technological changes to enhance living standards and meet future housing demands.
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