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Gov’t urges real estates developers to build more houses yearly

The Deputy Minister for Works and Housing Hon.Eugene Antwi has charged the Real Estates Developers in the country to reduce the cost involved in putting up quality housing up in the country.

Speaking at an annual breakfast meeting of the Ghana Real Estate Developers Associations (GREDA), the Minister stated this placing emphases on the fact that, the number of houses needed in the country per year falls far below the number that is put up.

He said, ‘‘It is good to consider quality, but affordability is another factor specifically using new technologies to deliver the desires of the populace particularly the low-income group, the vulnerable and the excluded’’.

He further indicated that, the country puts between  35,000 – 40,000 units of housing in a year which is even below half the percentage of housing needed which is 100,000 units.

‘‘It is estimated that over 50% of Ghanaians live in sub-standard houses. The government has therefore recognised the dream of every Ghanaian to own a home or at least have decent rental accommodation. I want to challenge the developers to embark on a crusade to confront the worsening deficit”.

Stating this, he said to the real estate developers to address the housing deficit which is estimated at 1.7 million units and expected to rise to two million by 2020.

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