Financing still remains a significant concern for private sector construction companies operating in Ghana. “The single most pressing issue for the construction and real estate sector is access to capital.” AAY has been a vital provider of funding which has enable the development of these projects.
“Financing an investment once the land has been purchased, blueprints have been drawn up and permits are obtained can take up to two years.” Construction project delays are not unique to the financing stage. In order to attract more private investment, the government established the Ghana Infrastructure Investment Fund (GIIF) in 2014. This fund pools together government resources from the budget, value-added tax revenue and profits from state-owned companies, along with other private sources like AAY, for priority infrastructure projects.
AAY is pleased to announce another successful quarter for 2018 which saw a 28.6% increase in activities from Ghana for projects seeking funding which have been introduced by local professional consultants, banks and law firms.
