“Government to Team Up with Stakeholders to Make Housing More Affordable – Oppong Nkrumah”
- Ministry of Works and Housing collaborates with other sectors to reduce housing costs.
- Partnership shares infrastructure costs to ease burden on developers.
- Initiative could reduce housing costs by up to 30%.
- Government addresses Ghana's 1.8 million housing deficit.
The Ministry of Works and Housing has reaffirmed the government’s dedication to making housing more affordable for Ghanaians. Sector Minister Kojo Oppong Nkrumah announced that the ministry will collaborate with other key government sectors to achieve this goal.
The partnering sectors include the Ministries of Roads, Energy, and Water Resources. This inter-ministerial collaboration aims to share the costs of constructing road networks, connecting housing units to the national grid, and providing water supply.
By sharing these costs, the financial burden on housing developers will be significantly eased. This initiative is crucial in addressing Ghana’s significant housing deficit, currently estimated at 1.8 million units.
The government is determined to bridge this gap and provide affordable housing options for its citizens. In an interview with the media, Oppong Nkrumah elaborated on the potential impact of this collaboration.
By leveraging synergies with other sectors, developers can avoid duplicating infrastructure costs, such as building roads, extending electricity, and water supply. This streamlined approach can reduce the final cost of housing units by up to 30%.
This significant reduction in cost will make housing projects in master-planned communities more affordable and attractive to potential buyers. The minister emphasized that this initiative is currently being piloted and is expected to yield positive results.
The collaboration will not only reduce costs but also ensure that housing projects are delivered efficiently and sustainably. The government is committed to creating an enabling environment for affordable housing development.
Oppong Nkrumah expressed optimism about the potential impact of this initiative, highlighting the importance of inter-ministerial collaboration in achieving the government’s housing goals.
As the government works to address the housing deficit, this innovative approach is expected to make a significant contribution to the provision of affordable housing in Ghana.
The success of this initiative will have far-reaching implications for the housing sector, making it more accessible and affordable for Ghanaians, and setting a precedent for future collaborative efforts in the sector.
