- Housing deficit in Ghana has hit 2 million units
- Government has made known plans to construct 190,000 housing units each year to reduce housing deficit
Government has decide to build 190,000 to 200,000 units of houses each year for the next 10 years.
According to the Minister for Works and Housing, Samuel Atta Akyea, the project intended by government, would help bridge the 2 million units housing deficit gap.
Addressing the media, Mr. Atta Akyea who confirmed that the housing deficit has reached 2million units explained that there must a long term measure to solve the problem.
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“Unfortunately, this is a sorry situation in which we find ourselves in. No wonder we are struggling with a housing deficit which is now in excess of 2 million housing units” he revealed.
The intended project is expected to cost around US$3.4 billion for the 200,000 units.
The government announced an ambitious plan to establish a GH¢1 billion mortgage and housing finance to leverage private capital while providing affordable housing for Ghanaians. The fund is also to help bring down the housing deficit.
Meanwhile, speaking on Class91.3FM’s news programme on Tuesday evening, April 16, 2019, the housing minister, said that his office was waiting for an advice from the Attorney General regarding how to deal with the project, since some anomalies have been detected with the contract.
According to him, the government is considering terminating the contract, adding that the AG, Ms Gloria Akuffo, has assured him that her office is almost done perusing the voluminous contract documents she had been studying and would soon proffer an advice as to the way forward.
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