Ghana currently has a social housing problem, with a deficit of 1.7 million units, and counting. Ideally, spreading it over a 10-year period, a minimum of 170,000 housing units would have to be built annually to solve the issue [Source: GhanaNewsAgency.org] This would require a public-private partnership to address, since the government alone cannot erase this deficit and, therefore, welcomes any initiative from private entities to complement their efforts.The Borteyman and Kpone Housing projects are two of six projects across the country the government is pursuing to provide just about 5,000 of affordable one and two bedroom houses for public sector workers. The other projects are in Tamale (Northern Region), Koforidua (Eastern Region), Asokore Mampong (Ashanti Region) and Wa (Upper West Region).This deficit, however, may not really be as severe as portrayed.
There are thousands of homes up for sale and rent that are uninhabited and which would greatly reduce the housing problem if they were occupied. The main reason they remain unoccupied is price and ease of finding them.There are a lot of beautiful habitable properties on the market whose price deters potential tenants. Some of such houses are justifiably expensive if you take into consideration the cost of materials used in their construction, but a majority of them are high priced simply because they are located in “prime locations” or the owners were told they stood to make more profit if they sold or rented at such a price. There is an amazing opportunity for private investors to provide affordable housing options.
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