Affordable Housing: Ghana To Launch One-billion Cedi Housing Fund

Middle and low-income earners can now breathe a sigh of relief as President Nana Addo Dankwa Akufo-Addo has given them an assurance that the government is rolling out pragmatic housing interventions for them to acquire decent and affordable houses.

In his 2019 State of the Nation’s Address ( SONA) to Parliament,the President, Nana Addo Dankwa Akufo-Addo, said there were many well-intentioned projects that ended up pricing out the low-income earners who were supposed to be their beneficiaries.

Africa Housing News“We are determined to learn the lessons from past projects. The Ministry of Finance is working to launch a one-billion Ghana cedi housing fund that would target low-income earners,” he said.

Ghana’s housing deficit is currently estimated to be in excess of 1.7 million housing units. Experts have projected that a minimum of 190,000 units would be required annually for a 10-year period.

President Akufo-Addo said the government was committed to laying a good foundation to give a lasting solution to housing challenges.