CategoriesCompany News Industry News

Let’s Embrace Vertical Development Speedily | RGL Chairman Urges

Mr. Emmanuel Botchwey, the Executive Chairman of Regimanuel Gray Ltd, has urged stakeholders in the country’s housing industry to swiftly embrace vertical development to match the rapidly increasing urbanization. Speaking at the Ghana Real Estate Developers Association (GREDA) CEOs Breakfast Meeting in Accra, Mr. Botchwey emphasized the importance of preparing for immediate future housing demands driven by the country’s youthful and rapidly urbanizing population.

Under the theme, “GREDA showing leadership in housing delivery in Ghana for the next decade; opportunities and challenges,” Mr. Botchwey highlighted the urgency of the situation by pointing out Ghana’s current population structure, with a significant proportion below 20 years. He emphasized that this demographic trend will witness greater numbers poised to enter the housing market within the next decade.

Mr Botchwey in a conversation with newly appointed Works & Housing Minister, Hon Kojo Oppong Nkrumah


According to Mr. Botchwey, Ghana’s current population makeup, with approximately 38% of the population falling within the 15-35 age bracket, indicates a looming surge in housing demand as these individuals transition from parental homes to seeking accommodation of their own. To address this challenge he stressed the importance of adopting vertical housing solutions, for the masses, to optimize land usage and accommodate the burgeoning population.

“We have about a decade to fully embrace vertical housing development due to our current population structure,” Mr. Botchwey asserted. “Developers need to economize on space and first-time homeowners must be willing to embrace reduced floor areas, to manage the stock of land available for future housing needs effectively.”

Mr. Botchwey, who is spearheading the development of the Regimanuel Satellite City near East Legon Hills in Accra, is set to allocate about 30% of the project’s land to high-rise apartments. With a master plan encompassing 17,000 homes, the inclusion of high-rise developments underscores a strategic approach to support the supply of housing for the population. 

Population Structure and Urbanization Trends

Ghana’s population structure reflects a youthful and rapidly urbanizing demographic, characterized by a significant proportion of young individuals. Over the past five censuses, the population pyramid has shifted from predominantly children under 15 to a growing cohort of young people aged 15-35 years. According to the Ghana Statistical Service, the country’s population is projected to double within 33 years, with over 50 million inhabitants by 2050.

Age Group
Percentage of Population
0-14 years
15-35 years
65+ years
(2021 population & housing census)(2021 population & housing census)


Moreover, urban areas accommodate approximately 60% of the young population, highlighting the rapid urbanization trend. As Ghana’s urban centers continue to expand, the demand for housing, particularly among young urban dwellers, is poised to escalate, necessitating innovative solutions to address the housing deficit and ensure sustainable urban development.


CategoriesCompany News

RG Group Chairman leads Team to kick-start 2023 with Corporate Prayers

The Chairman of Regimanuel Gray Group, Mr Emmanuel Botchwey, has urged his staff and management to remain resolute for the year 2023, as the Company marked the beginning of the new year with its Annual Corporate Prayers.

While quoting the third stanza of the Methodist Hymn 528 – “Green pastures are before me, which yet I have not seen…” – he urged staff not to rule out the possibilities of challenges during the year but to be confident that the new year also brings along budding opportunities. “New things are going to happen. Be prepared however for the challenges it may come with. Do not waver in the midst of such confrontations, strive to find solutions from the Throne of Grace – Christ! (the author and finisher of our faith),” he added.

Mr Kwesi Abbey-Sam, the Company’s long-standing spiritual father, gave words of exhortation. The Vice Chairman, Mrs Regina Botchwey and Group Managing Director, Mr Ibrahim Bah seized the occasion to also encourage the staff. They both hinted at an improved approach, to operationalising and monitoring the Strategic Plans of all Subsidiaries, from this year onwards. The Leadership of the various Subsidiaries who were present, with their respective teams, included Mr Seth Ntiamoah Jnr (of Regimanuel Concrete Products Ltd – RCP), Mr Frank Ofori (of Bessblock Concrete Products Ltd), Mr Yaw Arhin (of Desjoyaux Pools Ltd), Mrs Joan Folson Agyare (of Regimanuel Gray Estate Management Company Ltd.) and Mr Samuel Bortey of Landing Restaurant.


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CategoriesCompany News

30th Anniversary Launch Thanksgiving Service

This date fell exactly 30 years after the incorporation of the Company which took place on Thursday, 11th April 1991 in Accra. There was therefore no better date on which to launch the Anniversary.

Also in attendance were representatives from the Subsidiaries, Consultants and Corporate friends who have played vital roles in the Regimanuel Gray story, thus far.

The service started at 9:30 am and lasted for about 2 hours. The message preached by Very Rev. Jacob French from Matthew 4:12-25 entailed an encouragement to Regimanuel Gray to appreciate the New Beginnings being ushered in by this 30th year, along with promises of blessings of and peace from the risen Saviour.

In the address, on behalf of Regimanuel Gray Limited, Mr. Isaac Acheampong, the Head of Legal & Admin, honored the Visioneer of the Company and thanked everyone gathered for their support of the Company. He further made mention of the lyrics of Methodist Hymn 427; Make you His service your delight, He’ll make your wants His care.

After the service, the invited personnel as well as the representatives of the various departments in the Company gathered together for a group picture, as shown above.

It was indeed a blessed day and a beautiful event to kickstart the anniversary celebrations.

CategoriesCompany News Industry News

Ghl Bank, Regimanuel Gray Join Forces To Address Housing Deficit

Ghana’s leading mortgage provider, GHL Bank (formerly Ghana Home Loans) has signed a Memorandum of Understanding with Regimanuel Gray Limited to collaborate in the delivery of homes and serviced plots to alleviate the acute housing situation in the country.

The signing ceremony took place at the offices of Regimanuel Gray Ltd at La, Accra, and was attended by senior executives of both GHL Bank and Regimanuel Gray Ltd.

In a significant move, Regimanuel Gray Ltd recently commenced the sale of serviced plots at Katamanso on the Accra – Oyibi road. This unique arrangement allows prospective homeowners to design and build their dream homes on plots serviced by world-class infrastructure delivered by Regimanuel Gray Ltd.

Under the terms of the collaboration, GHL Bank shall offer a special land purchase mortgage to prospective buyers of these serviced plots. GHL Bank shall finance up to 80% of the cost of the land and offer a repayment schedule of up to 10 years at negotiated interest rates. Once the homeowner has acquired the plot of land, GHL Bank shall then provide construction loans for the homes to be built. The homeowner may then repay the mortgage in accordance with a pre-agreed schedule.

Speaking at the signing ceremony, Mr. Kojo Addo-Kufuor, Executive Director of Business, GHL Bank, stated that this programme “gives prospective homeowners the best of both worlds”. He added that “being able to build your dream home, designed to your preference, on Regimanuel-quality infrastructure is a great and unique offer that should excite the market”.

“This MoU is clear evidence of GHL Bank’s commitment to mortgages, home ownership, and real estate developers, at a time when we have transitioned from a mortgage specialist to a universal bank”.

Signing on behalf of Regimanuel Gray Ltd., Mrs. Regina Botchway, Vice-Chairman of the company reiterated that the collaboration is in recognition of the shared aspirations of both companies to move the acquisition of homes and serviced plots much closer to Ghanaians and foreign residents.

She said “we at Regimanuel Gray Ltd are proud to have been one of the forbearers to develop the vision and leadership of home ownership and acquisition. GHL Bank is one of the best partners in the market to work with to help push this agenda”.

The Regimanuel Gray New Territory Project at Katamanso is on a land size of about 1,300 acres and is a master planned to include 17,000 houses, commercial areas, schools, religious centres and sports facilities.

The first cluster at Adom Gate, consisting of about 500 expandable houses of different varieties is almost complete.

CategoriesCompany News

Regimanuel Estates Scoops Three Topmost Property Awards

Building Smart in Ghana: The Story of Regimanuel Gray Limited

ACCRA, Ghana, Jan. 13, 2014 /PRNewswire/ — It’s daybreak in Accra, Ghana, and temperatures are already soaring to a searing 30 degrees Celsius. Jobsites around this southeastern Atlantic seaside city are quickly filling up with workers who for the next 8 hours will toil and broil in unrelenting heat and humidity as they play their rightful role in Ghana’s bubbling construction sector.

By contrast, things are somewhat more relaxed at a sprawling job site in Klagon, where Regimanuel Gray Limited (RGL) is building 1,680 apartment units in collaboration with the Social Security and National Insurance Trust (SSNIT) of Ghana. Here, the construction crews are equipped with concrete formwork smart building technology designed and supplied by Wall-Ties & Forms, Inc. (WTF) of Kansas State, USA.

This highly user-friendly rapid formwork construction technology produces concrete structures at least 3 times faster than with traditional construction methods. The structures are also roughly 5 times as strong as the brick-and-mortar equivalent. It’s cast-in-place steel reinforced concrete construction. It’s the future of Ghana, a rapidly urbanizing nation with a housing deficit estimated at 1.5 million homes.

“Our traditional methods of building are too slow,” admits Mr. Emmanuel Botchwey, Regimanuel Gray Limited’s Executive Chairman, revealing that the entire real estate sector of Ghana has been producing barely 10% of the new homes the country needs to build every year to start correcting its housing shortfall.

Regimanuel is Ghana’s leading homes developer. From its incorporation in 1991, the company has built just over 3,000 homes in Ghana. That is roughly 130 homes every year for 22 years. A decent turnover but Mr. Botchwey has not been satisfied with the output.

In early 2006 at an African housing sector conference hosted by the Overseas Private Investment Corporation (OPIC) in Cape Town, South Africa, the RGL co-founder keenly followed a presentation of Wall-Ties & Forms’ aluminum formwork-based rapid construction technology. He was encouraged by what he saw.

“I thought it was a great formwork technology to introduce in Ghana but we were not ready to implement it at that time as we had just invested heavily in block-making plants here and in Sierra Leone,” he says.

Although the block-making business has been hugely successful with RGL projects consuming just over 20% of the products while selling the bulk to an eager market, at the back of Mr. Botchwey’s mind was the WTF technology he saw in Cape Town in 2006.

For one, reinforced concrete structures compared to brick and mortar – masonry – walls are less prone to cracking; the WTF formwork system doesn’t require a high level of specialized skills and amounts of mechanized and manual labor deployed on conventional job sites.

Additionally, the WTF formwork system has definite cost-saving factors not to mention the speed at which the structures seem to practically grow out of the ground.

“Time is money,” avers Botchwey, adding, “With this technology, you build faster, sell faster and cut down on your overhead. It means you make more money quicker and can pay your workers better.

“If you are using borrowed money, it means you will repay your bank loan in 2 years instead of 5 years, so you save on bank interest payments and share the savings with the home buyer,” says Ghana’s top real estate entrepreneur.

It is against this backdrop that Mr. Botchwey and his team traveled to the Kansas City headquarters of Wall-Ties & Forms, Inc. in October 2011 to discuss the acquisition of WTF aluminum formwork for use in the Klagon apartments development project. The equipment was shipped to Accra mid-last year, and after the initial onsite training, construction commenced in July 2012. RGL has sold most of the apartment units just over a year since the project got underway.

Besides the 1,680 apartments, the firm is collaborating with SSNIT on yet another project to build 42 high-end duplex units in the Community 13 area of Accra. RGL has already acquired WTF aluminum formwork for this new project.

Mr. Botchwey discloses that these two housing development projects have generated more than 300 direct new jobs while contributing significantly to efforts to reduce Ghana’s huge housing deficit.

It gets even better. Regimanuel Gray Limited has recently acquired 1,300 acres in Accra on which they plan to build a satellite city with 17,000 single- and multi-family homes within a series of gated communities complete with schools, hospitals, shopping and recreational facilities, and other community support amenities.

This is indeed a herculean undertaking; hardly any single developer is building such a huge number of homes in Ghana or in any other African country for that matter. But it is possible to deliver the satellite city with the WTF mass housing technology considering that some South American developers have produced as many as 40,000 homes annually using the cast-in-place concrete building technology.

Mr. Botchwey estimates that his company will complete the 17,000 homes project inside 10 years and create thousands of new jobs in the process.

In the interim, RGL’s ambition is to accelerate its annual production rate to reach 500 homes built and sold in Ghana.

Decorated as one of Ghana’s top 100 companies, RGL also has solid plans to start building homes in Liberia and Tanzania in the near future. They have already acquired land for the purpose in both countries.

Structures built using WTF’s precision-engineered concrete forms are smooth and straight; they require minimal or no plastering at all. All the openings are precise, which saves the builder ample time in the process of fitting the doors and windows. Not to mention that the forms are good for a guaranteed minimum of 1,000 concrete pours.

Such are the time and cost-saving factors that persuaded RGL to start building the WTF way.

The recipient of the 1998 Ghana Home Finance Company Gold Award for Best Estate Developer, the Ghana Millennium Excellence Award, and the 13th International Construction Award of Trade Leaders Club, Paris, it is little wonder that Regimanuel Gray Limited, Ghana’s premier home builder, is using the world’s best concrete forming system.

Mr. Botchwey says he is satisfied with the after-sale support he is receiving from Wall-Ties & Forms professionals in the USA and Africa. He is not worried about plausible competition emanating from other Ghana and West African homebuilders discovering the WTF cost-efficient way of building.

Africa, he says, lags behind in the provision of decent shelter. “We have lots of catching up to do; it’s the more reason why we in Africa should use modern building methods such as the WTF technology.”