Tag: affordable housing
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ISSER calls for reclassification of Ghana’s affordable housing initiatives
The Institute of Statistical Social and Economic Research (ISSER) is urging for a reclassification of Ghana’s affordable housing initiatives to address the ongoing challenges faced by a significant portion of the population, particularly the average Ghanaian worker, in affording suitable properties. The Ministry of Works and Housing reported a housing deficit of approximately 2 million…
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Private takeover of Saglemi project ‘a good call’ – GREDA Executive Secretary
The Executive Secretary of the Ghana Real Estate Developers Association (GREDA) Samuel Amegayibor, has charged its members or any private developer who expresses interest in the Saglemi Housing project to sort out all legal issues surrounding the project. His comments come on the back of the government’s intention to sell the 1,500 housing units to…
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Cabinet approves draft rent bill; expected in Parliament soon
Cabinet has given approval for the draft rent bill and recommended same for the consideration of Parliament, the Minister for Works and Housing, Francis Asenso-Boakye has revealed. Parliament is expected to soon deliberate on the bill to ensure that it is enacted into law. Speaking at a Press Briefing on Sunday, November 13, Mr Asenso-Boakye…
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GREDA asks for tax rebates to build 20,000 housing units a year
The Ghana Real Estate Developers’ Association (GREDA), has called on the government to grant tax rebates to its members to enable them build enough affordable housing units in the country. President Nana Addo Dankwa Akufo-Addo back in April 2019, charged GREDA to develop a proposal to build 20,000 housing units a year to help deal…
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Real Estate Development 101; Benefits of a Single Storey Home
Abraham Maslow’s theory of needs considers a home/shelter as a basic need that is fundamental to man’s survival. Even if one has a place to put his or her head to sleep after a hard day’s work, one still dreams of owning a house at some point in his/her life when all is said and…
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Invest in clay bricks for construction of affordable houses and roads – PEF to government
The Chief Executive Officer of the Private Enterprise Federation, Nana Osei-Bonsu has called for investments into the clay brick industry to promote affordable housing and roads. Nana Osei-Bonsu advised that since clay exists in almost every region in Ghana, this makes it a viable business worth exploring. He said the source of raw material for…
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Public sector workers to own homes under cheaper mortgage scheme
As part of efforts to bridge Ghana’s housing gap, the Minister of Finance, Ken Ofori-Atta, says public sector workers and low-income earners in the country will in the coming months have the opportunity to rent and eventually own homes under the National Housing and Mortgage Fund. According to him, the intervention will reduce mortgage rates…
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Urban Dev’t Consultant calls for comprehensive programme to fix Ghana’s housing deficit
Planning and Urban Development Consultant, Bernard Arthur, has called on political parties to consider a comprehensive housing programme as they design their manifestoes to address the issue of access to housing for majority of Ghanaians. He blamed the lack of a comprehensive housing policy as well as a financial strategy for implementation of projects for…
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Parliamentary C’ttee questions GH¢272,000 cost of 2-bedroom under affordable housing project
The Parliamentary Committee on Works and Housing is questioning the high cost of some of government’s affordable houses currently on sale. The price of a two-bedroom house at the Borteyman Affordable Housing Project which was completed by the Social Security and National Insurance Trust, SSNIT, is being sold at GH¢272,000, while a one-bedroom house is…
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Atta-Akyea tasks architects to develop affordable housing for Ghanaians
As Ghana works to bridge the housing deficit, architects are being encouraged to offer affordable housing units for the majority of home seekers. While it is estimated that Ghana needs about two million housing units to be able to meet the needs of the citizenry, the issue has persisted because most prospective homeowners are unable…