Over Supply of Real Estate Developments, Under Supply of Hotels in Accra

“The market has changed significantly since we started here six years ago,” states Carlo Matta, CEO of Laurus Development Partners.

“It has changed mainly on two dimensions: there has been an increase in supply and… there has also been a strong change in demand,” he explains.

“In terms of hotels, I still see that the market is under supplied; there is still room to do more because we have started from such a low base compared to other African countries,” he adds.