• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Economy 202008

Here’s How Many Homes Govt. Needs To Build To Bridge Housing Deficit Gap

03-Aug-2020
/ Economy, Business
Email
Print
Comments 0
file
(0)
Comments
Share on Facebook Share on Twitter
 

The government of Ghana will need an amount of US$3.4 billion to build some 200,000 housing units in the next ten years in a bid to bridge the housing deficit gap.

According to a housing expert, despite Ghana’s current housing deficit which stands at 2 million units from a previous 1.7 million in 2019, it is believed the deficit could be more as the country’s population increases.

An Executive Secretary of the Ghana Real Estates Developers Association (GREDA), Mr. Samuel Amegayibor on his part had earlier projected that the total housing shortage in the country will hit 5.7 million by the end of 2020.

As a result of this, the government would have to build between 190,000 to 200,000 units of houses each year to somewhat bridge the gap.

Due to the adverse impact of the coronavirus pandemic, 50 percent of potential mortgage and housing deals have since come to a halt.

The pandemic has also resulted in an operational loss in capacity of 30 percent for real estate and house developers in the country.

“The coronavirus pandemic had led to estate developers operating at a maximum capacity of 30 percent, with more than 50 percent of potential mortgage deals being cancelled or put on hold while the servicing of existing ones had been distorted,” a housing expert earlier told GhanaWeb in an interview.

Some players in Ghana’s architecture sector have urged for a comprehensive policy on housing to be instituted towards making affordable housing a reality.

Unfortunately, Ghana lacks a comprehensive housing programme in place which has in time been blamed on the lack of a financial strategy and implementation of housing projects.

Source: ghanaweb.com

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Parliament Approves Supplementary Budget Of Ghc 11.8bn

Next Post

ECOWAS Bank For Investment And Development Injects Over $300million Into Ghana's Economy

 
 

More Stories

Absa Bank Ghana Managing Director Moves On
Ghana Retains Its Position As Africa’s Most Indebted Country To The IMF
Govt Reopens Domestic Debt Exchange Programme
U.S and China Owe Half of World’s $235tr Debts - IMF
Ofori-Atta Rallies African Countries To Achieve 40% Carbon Credit By 2030
Output Growth Hits 28-Month High In August
Energy Sector Levies Rake In GH¢18.35bn In 7 Years
2nd Tranche Of IMF Cash Arrives In December– Ofori-Atta
GH¢2.9bn Spent On PFJ 1
Next Post

ECOWAS Bank For Investment And Development Injects Over $300million Into Ghana's Economy

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Economy Stories

  • Absa Bank Ghana Managing Director Moves On

  • Ghana Retains Its Position As Africa’s Most Indebted Country To The IMF

  • Govt Reopens Domestic Debt Exchange Programme

  • U.S and China Owe Half of World’s $235tr Debts - IMF

  • Ofori-Atta Rallies African Countries To Achieve 40% Carbon Credit By 2030

  • Output Growth Hits 28-Month High In August

  • Energy Sector Levies Rake In GH¢18.35bn In 7 Years

  • 2nd Tranche Of IMF Cash Arrives In December– Ofori-Atta

  • GH¢2.9bn Spent On PFJ 1

  • Impose Taxes On Alcohol, Cigarettes To Fund Mental Health - Prof. Ohene Advocates

 

 
 

Popular Videos

GHANA MONTIE with MAC-JERRY OSEI AGYEMAN on NEAT 100.9 FM (THURSDAY 21-09-23)

#MeManNti with ADAKABRI FRIMPONG MANSO on NEAT 100.9 FM FRIDAY 22/09/23)

Peace Power Sports (22/09/2023)

#MeManNti with ADAKABRI FRIMPONG MANSO on NEAT 100.9 FM FRIDAY 22/09/23)

YE KO FIE with OLA MICHAEL on NEAT 100.9 FM FRIDAY 22/09/23)

Peace Power Sports (22/09/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media