10,720 housing units under development to address housing deficit – Oppong Nkrumah

The Minister for Works and Housing, Kojo Oppong Nkrumah, has disclosed that there are currently 10,720 housing units in the Greater Accra Region that are at various levels of development to help reduce Ghana’s housing deficit.

Speaking to journalists during the inspection exercise, the Minister emphasized that with a current urban population of 58 percent, an urbanization rate of 3.3 percent, and a housing deficit of 1.8 million units, the pressing issue of housing has become a critical developmental challenge for the country, that which needs addressing urgently.

Oppong Nkrumah outlined various initiatives underway with a specific focus on key areas such as the Tema Development Company (TDC) Affordable housing enclave in Kpone and Community 22, Pokuase, Tessano, and Lartebiokorshie.

Under the TDC Affordable Housing enclave, we’ve already done about 1,072 and we’re just about to start work on phase IV which is about 800.

However, the construction of these new housing units, according to the Minister is part of a broader government initiative aimed at increasing housing stock and bringing down rental prices.

He said the types of housing units being constructed vary from single-family homes to subsidized 1, 2 and 3 housing units

Mr Oppong Nkrumah said the Ministry is working collaboratively with private sector developers and stakeholders to expedite construction and bring these housing units to market as soon as possible.