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The growing Ghanaian population has continued to widen the housing deficit which is estimated at 2 million housing units. The Government of Ghana has intervened in the housing situation in the country to provide affordable housing especially for public sector workers. The Government through the 2018 Budget and Economic Policy has approved the establishment of a National Housing and Mortgage Finance Scheme to provide extensive construction of residential housing across the country to promote social equity and stimulate the economy. In this r...

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It is estimated that there are about 165,000 people working within the public sector with an estimated average salary of GH¢1,000. This gives a hint to the beginning of housing unaffordability in Ghana. So, the vision should be to tackle the problem in such ways as to improve workers productivity, as well as salary increments, not just budgeting and contracting loans to construct the so-called affordable homes, which do not support the income of a larger section of the Ghanaian population. For this vision, many countries have shifted ...

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Ghana’s housing deficit has hit two million units. This was revealed by the Minister for Works and Housing, Samuel Atta Akyea. By this, the government would have to build 190,000 to 200,000 units of houses each year for the next 10 years to bridge the gap. This is expected to cost around US$3.4 billion for the 200,000 units. The government announced an ambitious plan to establish a GH¢1 billion mortgage and housing finance to leverage private capital while providing affordable housing for Ghanaians. The fund is also to help bring...

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