The Government of Ghana has acquired funding to tune of $51m to help it renovate all abandoned affordable housing units in Ghana.
Over 2,000 housing units are expected to be renovated for citizens to occupy
According to Works and Housing Minister, Samuel Atta Akyea, the renovation works will start with the abandoned houses started by former President John Kufuor and subsequently to those built by the erstwhile NDC government.
Speaking to Citi FM, on the sidelines of the 30th Anniversary Dinner Dance and Awards by the Ghana Real Estate Developers’ Association (GREDA) over the weekend, the Minister disclosed that;
“The quantity surveyors have brought in 51 million dollars to complete these structures which were abandoned by the NDC and we are close to getting the approval to complete them. We are going to complete them as quickly as possible and roll out new ones,”
The Minister however indicated that the amount will have to be approved by the Ministry of Finance before they can access and utilize it: “We have found monies that we are seeking approval from the Ministry of Finance to complete every project which is in the way of affordable housing that former President Kufuor started and then when they are completed, we are going to roll out our own new structures. It works against the economy for the old structures to be abandoned.”
Ghana’s housing deficit is estimated at 1.7 million which some analysts project could reach 2 million by next year.
