The Housing Fund which will be part of the National Housing Policy will also provide the legal and regulatory framework and serve as backbone for the housing sector in Ghana.
Additionally, Ghana is set to join Shelter Afrique this year in order to access financing for our national housing needs.
Shelter Afrique which is the second largest financial institution in Africa aims to meet Africa’s housing needs by providing financial and technical support to its member countries.
Dr Mustapha Ahmed says a Housing Code is also being developed to spell out safety guidelines for building houses in Ghana.
Dr Ahmed who made these remarks on Multi TV’s Status Quo also assured Ghanaians that the STX project is on course and that the government has handed over a number of sites to STX for actual construction to begin in September this year.
Dr Ahmed also intimated that government is sourcing for funding to complete the affordable housing project started by the previous government.
Also on the programme was Dr Alexander Tweneboah, President of GREDA, who expressed worry about our inability to plan ahead as a nation to meet our housing needs. He therefore urged government to put in place the necessary measures to minimize our housing deficit.
Dr Tweneboah notes that the generally low income levels among the general populace is one of the reasons why accessing housing is difficult for majority of Ghanaians but also advised real estate developers to use the right technology and cost-effective building materials to make houses cheaper for majority of Ghanaians.
Hon. Nana Abu-Bonfrah, Deputy Ranking Member of the Parliamentary Select Committee on Water Resources, Works and Housing, contributing to the discussion, urged government to partner with the private sector for an accelerated growth of Ghana’s housing sector. He also asked government to intensify its facilitator role in the housing industry.
Source: Multi TV
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