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Housing in Ghana: New report suggests 99% of Ghanaian households can’t afford decent homes

30th November 2024 9:39:05 AM

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The 2024 Revised Ghana Housing Profile report, launched by the Ministry of Works and Housing in partnership with UN Habitat and the United Nations Office for Project Services (UNOPS), has revealed that only 1% of households in Ghana can afford proper housing.

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The Ministry defines a proper home as one with enough space for everyone living there, protection against forced eviction, a hazard-free environment, and access to basic services like water, electricity, and sanitation. The home should also be located in a safe area.

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The housing profile, based on data from trusted sources like the Ghana Statistical Service (GSS), identifies major housing issues in Ghana and suggests ways to tackle them.

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Minister for Works and Housing, Kojo Oppong Nkrumah, expressed optimism that the findings would influence Ghana’s development plans and inspire impactful housing policy reforms.

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“They are contributions of the body of knowledge in the area of housing, which should then influence the interventions that we roll out. Let this document serve as a blueprint for coordinated action guiding us towards a housing sector that meets the aspirations of every Ghanaian,” he said on Wednesday, November 27, 2024.

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At the launch of the Revised Ghana Housing Profile at the Alisa Hotel in Accra, Professor Clifford Amoako, a professor of urban planning and head of the Department of Planning at Kwame Nkrumah University of Science and Technology, shared key insights from the report. Some of the findings include:

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Only 1% of Ghanaian households can afford homes built by formal real estate developers.

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11% of high-cost homes purchased remain mostly unoccupied.

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The housing deficit has decreased from 2.8 million to 1.8 million over the last 10 years, showing an improvement of 1 million units.

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