Business News of Monday, 3 August 2020Source: www.ghanaweb.comHere’s how many homes gov’t needs to build to bridge housing deficit gapGhana’s current housing deficit stands at 2 million unitsThe 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. As a result of this, government would have to build between 190,000 to 200,000 units of houses each year to somewhat bridge the gap. Some players in Ghana’s architecture and construction 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 August 03, 2020 14:03 UTC