10,720 housing units under development to address housing deficit

March 28, 2024
10,720 housing units under development to address housing deficit

The Minister for Works and Housing, Kojo Oppong Nkrumah has disclosed that there are currently 10,720 housing units in the Greater Accra Region that are at various levels of development to help reduce Ghana’s housing deficit.

He made the disclosure when he led staff of the Ministry to inspect ongoing construction works at the various sites on Tuesday, March 26, 2024.

Speaking to journalists during the inspection exercise, the Minister emphasized that with a current urban population of 58 percent, an urbanization rate of 3.3 percent, and a housing deficit of 1.8 million units, the pressing issue of housing has become a critical developmental challenge for the country, that which needs addressing urgently.

Detailing the scope of the housing projects, Mr. Oppong Nkrumah outlined various initiatives underway with specific focus on key areas such as the Tema Development Company (TDC) Affordable housing enclave in Kpone and Community 22, Pokuase, Tessano, and Lartebiokorshie.

“More than 10,000 units of property are under development in various stages. These units are under the TDC Affordable Housing enclave in Kpone and Tema Community 22, in Pokuase, Tessano and Lartebiokorshie,” the Minister said.

He said 1,072 housing units have been developed and completed by the TDC Ghana Limited, an entity of the Ministry at Community 26 under the Kpone Affordable Housing Project with a further 832 housing units currently under construction.

An ongoing 8,000 housing units is also being developed under Pokuase Affordable Housing Project with 320 housing units under the Security Services Housing Project in Tesano completed and being readied for inauguration. In addition, 100 housing units in Lartebiokorshie are being developed under the Redevelopment Housing Programme for government workers. These projects, put together brings the housing units currently under development to 10,720.

He 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, he said the construction of these new housing units 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 subsidized 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.

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