24 May 2019

The government of Ghana has commenced construction
of 250,000 affordable housing units across the country as part of measures to
wipe out the two-million housing unit deficit facing the country.

Minister of Works and Housing, Mr Samuel Atta Akyea said that the ongoing
project formed part of an eight-year government affordable housing project to
deliver 250,000 housing units a year to address the housing deficit. 

The Minister further pointed out that the
government was considering modern technologies such as prefabrication that
facilitated construction within days and months.

He also gave an assurance that it would complete
all affordable housing projects started by past governments. Other
interventions in the housing sector are to include the upgrading of all slums
into modern communities, starting with Nima-Mamobi in Accra.

“The transformation of approximately 1,039 acres of
prime land, which Nima and Mamobi occupy, will give meaning and beauty to the
President’s vision of bridging development gaps in Inner Cities and Zongo
communities,” said Atta Akyea.

The project, which would be carried out in
partnership with a private investor, would be at no financial cost to the government
and beneficiaries but that appropriate measures had been included in the plan
to help the developer recoup the investment with profit through the sale of
other executive houses in the area and under the same upgrading project.

The government in addressing the housing challenges, is prioritizing affordability and access to mortgage by all groups or classes of salary earners through a number of measures, including the introduction of a national credible mortgage regime that was based on flexibility and affordability. It is in the light of the above that the ministry is working hand in hand with the Ministry of Finance to create a National Housing and Mortgage Fund

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