Tag Archives: housing

NPRA, banks discussing effective mortgage system – Nana Addo

President Nana Akufo-Addo has announced that government is putting in place the necessary measures to make housing affordable to Ghanaians. According to him, the government has started initiating policies required to drive down the cost of mortgages. Affordable housing is a major challenge for Ghanaians as the country’s housing deficit is estimated at about 1.7 million housing units. Delivering the ...

Read More »

Housing Ministry budget inadequate for debt, others – MPs

Samuel Atta-Akyea

Some Members of Parliament are worried about the financial constraints the Works and Housing Ministry may face in 2018. This is due to the budgetary allocation for the Ministry in the 2018 budget, which was noted to be less than half of the funds the Ministry actually requires. While the Ministry owes contractors to the tune of GHc 1 billion, ...

Read More »

The 1.7 million units housing deficit: Myth or reality? [Article]

Since the early 2000s, stakeholders in the housing sector have accepted without much question the notion that the nation faces a housing deficit of about 1.7 million housing units. This has been quoted so often both in the media and academic publications that it appears to have been cast in stone and become an incontrovertible truth. It is, however, curious ...

Read More »

We’ll invest SSNIT funds in affordable mortgage – Atta-Akyea

In the not-too-distant future, low and middle-income earners who are lamenting over their inability to access mortgage facilities or build houses, will heave a sigh of relief, as the Ministry of Works and Housing is working towards a credible national mortgage facility to provide opportunities for workers to acquire houses. The Minister of Works and Housing, Samuel Atta-Akyea, said the ministry ...

Read More »

A necessity turned luxury: The search for roofs over our heads

Housing, too, is one of our main preoccupations. We are at this moment in the last stages of formulating large-scale housing projects, which we hope to have ready soon. A factory for prefabricated concrete units is now under construction and will come into production sometime this year. When these plans are completed, we shall be able to put up low-cost ...

Read More »

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 the high cost of housing ...

Read More »

Re-instate our Minister or face our wrath – Group to Mahama

A group calling itself the Upper East Association has given President Mahama an ultimatum to re-instate Dr. Ephraim Avea Nsoh as the Upper East Regional Minister by the close of Friday or face the wrath of the Youth in the Upper East region. According to the group, the former Regional Minister initiated a number of developmental projects that were beneficial ...

Read More »