Kojo Oppong Nkrumah Announces the Development of 10,720 Housing Units to Tackle Ghana’s Housing Deficit

"Exciting news: Kojo Oppong Nkrumah reveals plan for 10,720 housing units to address Ghana's housing shortage. Learn more now!"
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 "Exciting news: Kojo Oppong Nkrumah reveals plan for 10,720 housing units to address Ghana's housing shortage. Learn more now!"

“Exciting news: Kojo Oppong Nkrumah reveals plan for 10,720 housing units to address Ghana’s housing shortage. Learn more now!”

The Minister for Works and Housing, Kojo Oppong Nkrumah, has revealed that there are presently 10,720 housing units under development in the Greater Accra Region to alleviate Ghana’s housing shortage.

Nkrumah disclosed this information during an inspection visit to the construction sites, which took place on Tuesday, March 26, 2024, accompanied by Ministry staff. Addressing journalists during the inspection, the Minister underscored the urgent need to tackle the country’s housing deficit, citing a current urban population of 58%, an urbanization rate of 3.3%, and a housing shortfall of 1.8 million units as pressing developmental challenges.

Providing insights into the housing projects, Oppong Nkrumah outlined various initiatives underway, with a particular focus on key areas such as the Tema Development Company (TDC) Affordable housing enclave in Kpone, Community 22, Pokuase, Tessano, and Lartebiokorshie.

“More than 10,000 units of property are under development in various stages. Under the TDC Affordable Housing enclave, we’ve already done about 1,072 and we’re just about to start work on phase IV which is about 800.

“In Community 22 we’ve already done 300 heading to 400 and then they’re going to start the next phase which brings it to about 600.

“In Pokuase, there are about 8,000 though they’re behind schedule. In Tessano we’ve got about 320 that are almost completed and in Lartebiokorshie we’ve got about 100 units.

“So by the time all of it is completed, this should give us more than 10,000 units,” the Minister said.

The housing deficit has been a pressing issue in Ghana for many years. This lack of affordable housing has led to substandard living conditions among Ghanaians.

However, the construction of these new housing units, according to the Minister is part of a broader government initiative aimed at increasing housing stock and bringing down rental prices.

He said the types of housing units being constructed vary from single-family homes to subsidised 1, 2 and 3 housing units. This variety aims to cater for the diverse needs and income levels of the population.

This, Mr Oppong Nkrumah, said the Ministry is working collaboratively with private sector developers and stakeholders to expedite construction and bring these housing units to market as soon as possible.

He said government is also exploring additional avenues to construct more affordable houses to bridge the 1.8 million deficit.

Source: Joy online

 

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