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Ghana Report
Marcopolis presents the Ghana Report focused on investments, doing business, economy and other topics featuring interviews with key executives and government officials. The sectors under review are agriculture, banking, energy, industry, telecom, IT, real estate and more.
InterviewsSeptember 10, 2018
Sethi Group of Companies: First Steel Supplier in Ghana and Future Leader in Affordable Housing
Mono Sethi, Director at Sethi Group of Companies
- Written by Sandra Francisco
- Published: September 10, 2018
Interview with Mono Sethi, Director at Sethi Group of Companies
What is the vision of the group? What would you like to be in three years’ time, 2021, if everything goes well?
In the next three to five years, we would want to see ourselves becoming the number one provider of mass, affordable housing in Ghana and the number one steel supplier to the nation. When we talk about housing and steel, we want people to think about Sethi. You can rest assured that you are getting the right product at the right price and the right time. We do not want to be the biggest, but we want to be the best.
Do you see a big scope of growth in the real estate sector?
There is tremendous growth. There is a 1.7 million house deficit in Ghana. These figures are backed up from 2012. Right now, that figure is not decreasing, but increasing. We need to provide affordable housing and housing for the masses. It is a big market and there is a big hole in that market. If we can get the right product at the right price, there is a huge scope.
What opportunities can Sethi offer to investors?
In the next three to five years, we would want to see ourselves becoming the number one provider of mass, affordable housing in Ghana and the number one steel supplier to the nation.
We can be their local partners in Ghana. We know all of the ropes and strings. We have been here for over two decades now. It is better and easier when you work with someone in the system. We know where to go and who to see to get things done. Someone coming from abroad has to learn who each person is so with us being here, you are given a head start. We have a project for approximately 4,000 homes to build. We have scope in the steel sector. There is no ground stock on steel it is going so fast. With the new government, they are focusing on developing Ghana. We are in the right footing, and we can be the right local partners for investors.
Do you feel that the government is supporting this kind of action?
We hope they support our actions. No one else will take the country forward, it will come from the private sector. If you empower the private sector, you empower your country. So far, they are doing the right things. It is moving a bit slowly, but they are getting there. There are a few things they have not digested well, but they are listening to us.
Why should a partner or an investor invest in Ghana? There are many other countries in the region where there is a need for affordable housing.
We have had a number of elections with no problems. We have political stability. That security is a key point. You can come to Ghana and there is no danger to your life. Ghana has tremendous growth. The expat community is thriving here, we have thriving business, there are an incredible amount of opportunities in Ghana. There is good potential for having an impact here.
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