Business News of Friday, 9 July 2021Source: www.ghanaweb.com•The Construction Chamber is warning of a price hike in rent should the unusual trend of pricing for building materials continue to increase•The Chamber says government needs to come up with workable solutions to address this immediately•The price of building materials have spiked over the past five months of this yearThe unusual price hikes of building materials are likely to affect the cost of rent in the country should a solution not be found soon; the Ghana Chamber of Construction has cautioned. Already, some members of Parliament have expressed worry over the cost of building materials with the House set to probe and come up with an attainable solution to the price hikes. In an interaction with Citi Business News monitored by GhanaWeb, Cherry said the unusual price hikes over the past five months this year is adversely having an impact on contractors undertaking building projects. “Honestly speaking, we have taken a key interest in the issue, that’s the reason we took the pains to petition parliament. Because a time is coming if we are not careful you cannot rent or buy a house because of this challenge,” Emmanuel Cherry said.

Source: GhanaWeb July 09, 2021 16:52 UTC