The Minister for Works and Housing, Kojo Oppong Nkrumah, is set to present a comprehensive housing reform package in the coming days. This package will outline the government’s plan to partner with private developers and banks to build affordable high-rise buildings in Accra and Kumasi.
The announcement was made by Finance Minister Dr. Mohammed Amin Adam during the Mid-year budget presentation in Parliament on Tuesday, July 23. Dr. Adam emphasized the need for decent and conveniently located housing to ease the burden of long commutes and mounting stress on citizens.
The government’s plan aims to address the housing deficit in urban areas by building high-rise accommodations that are reasonably priced. This initiative will be undertaken in partnership with private developers and banks, with the private sector at its core.
Dr. Adam stressed that the government is committed to finding solutions to the housing challenges faced by citizens. He noted that the lack of decent housing has resulted in long commutes and increased stress levels, which can have negative impacts on productivity and overall well-being.
The housing reform package will be presented by Minister Oppong Nkrumah in the coming weeks. This package will provide a detailed outline of the government’s plan, including the role of private developers and banks in the partnership.
In addition to the housing initiative, Dr. Adam also announced progress made under the National Flood Control Programme. He reported that over 1,000 kilometers of drains have been newly constructed, rechanneled, and maintained nationwide to reduce the impact of devastating floods.
The government has also completed preparatory activities for the construction of houses for households affected by the controlled spillage of the Akosombo Dam. This follows extensive engagement with stakeholders to ensure that the needs of affected communities are addressed.
The housing initiative is part of the government’s broader efforts to address urban development challenges. By partnering with private developers and banks, the government aims to leverage resources and expertise to deliver affordable housing solutions.
Minister Oppong Nkrumah’s presentation of the housing reform package is eagerly anticipated, as it will provide a clear roadmap for the government’s plans to address the housing deficit in Accra and Kumasi.
The government’s commitment to addressing housing challenges is a positive step towards improving the lives of citizens. By providing affordable and decent housing, the government can help reduce stress, improve productivity, and enhance overall well-being.
