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    Home»Business»Stakeholders push for collaboration and subsidies to address housing challenges in Accra
    Business

    Stakeholders push for collaboration and subsidies to address housing challenges in Accra

    ZamZam UpdateBy ZamZam UpdateMarch 15, 2025No Comments2 Mins Read
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    As Ghana’s capital, Accra, grapples with congestion and a rising housing deficit, stakeholders within the building trade are calling for stronger collaboration between the federal government and the non-public sector to sort out these urgent points.

    Undertaking Supervisor for Cities and Habitats, Daniel Ohene Adu, has warned that with out strategic partnerships, efforts to decongest Accra and increase reasonably priced housing will stay a problem. He emphasised that authorities intervention is essential in guaranteeing efficient city planning and sustainable housing improvement.

    “On the finish of the day, the inhabitants retains growing. Persons are coming from the hinter lands, these in Accra are additionally rising up and the working class can also be rising. We’re contributing to a serious housing and property deficit”, he says.

    A current report by the Ghana Chamber of Development Business highlights a major surge in the price of key building supplies, with costs growing by 18% over the previous 12 months. This value hike has intensified price pressures on builders and owners, making housing even much less reasonably priced for a lot of Ghanaians.

    On the Accra Academy 1991 Previous Boys Affiliation’s reunion commemoration, the president, Nana Boahene Asamoah, pressured the necessity for a strategic method to coverage implementation. He urged the Mahama-led administration to undertake insurance policies that aren’t solely well-intended but in addition sensible and efficient in addressing financial challenges.

    In line with him, “the issue we have now had on this nation is implementation, if we’re capable of bridge that hole, then we are able to fulfill quite a lot of the large issues we need to do”.

    Daniel Ohene Adu additional referred to as on the Finance Minister to think about subsidies on building supplies to make housing extra reasonably priced and speed up city improvement. He said that, “it’s doable to do housing, it’s doable to not borrow to do housing if the appropriate counsel is given to the ministry”.

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