Tag: housing
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Cities and Habitats honoured at the 14th Ghana Property Awards
Cities and Habitats, developers of the Planned Cities Extension Project emerged winners of the City Planned Extension Project of The Year 2022 award at the 14th edition of the Ghana Property Awards. The event, organized by Property Express, under the theme; “Sustainable Architecture in Ghana’s Housing Mix”, was held on Friday, 25th November, 2022 at…
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Rent and Transport associated prices push inflation to almost 14%
A significant increase in prices associated with Housing, Water, Electricity, Gas and other Fuel (28.7%), as well as Transport (17.4%), has pushed the rate of inflation for January 2022 to 13.9 percent. This is captured in the Consumer Price Index (CPI) data for January 2022, released by the Ghana Statistical Service. The rate is 1.3…
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GREDA wants government to take the lead in adoption of local building materials
The Ghana Real Estate Developers Association (GREDA) is calling on the government to take the lead in the use of local materials for construction in Ghana. This according to the association will boost the confidence of the public in local building materials. In the wake of the high cost of rent in Ghana and the…
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Government to offer loans to young people for home rentals – Bawumia
As part of efforts to curb the myriad of problems facing the country’s housing sector, Vice President, Dr. Mahamudu Bawumia has announced the provision of low-interest loans for young people to rent affordable homes if the mandate of the New Patriotic Party (NPP) government is renewed. According to him, this will be done through a…
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Ghana Institute of Architects pushes for comprehensive housing policy
Players in Ghana’s architecture sector are pushing for a clear policy on housing in Ghana to make it truly affordable and available. Already, Ghana lacks a comprehensive housing programme, and this has been blamed on the lack of a financial strategy for implementation of projects in the sector. The definition of affordable housing has been…
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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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Ghana’s housing crisis: Cost of construction escalates
The cost of accommodation in Ghana continues to rise over the years due to the increasing cost of building materials. Coupled with this is the depreciation of the cedi which has an impact on the total cost involved in building a house in Ghana. In the second of our new series dubbed, ”Ghana’s housing crisis”…
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New housing fund to subsidize cost of houses
The Minister nominee for Works and Housing, Samuel Atta Akyea has stated that the NPP government will introduce a housing fund to subsidize the cost of housing for low income earners. According to him, financing is one critical factor that has impeded Ghana’s efforts at reducing the widening housing deficit. Mr. Atta Akyea also believes…