The government is set to launch 10,000 affordable housing units project in July this year to mitigate the country’s alarming housing deficit.
It has been observed that the housing deficit currently hitting the country is the cause of high cost of housing in the country.
In a bid to realize the dream of providing 160, 000 affordable housing units annually to alleviate the current housing problem, the government in partnership with a private company called Agu Resources Ghana ltd., resolved to build 10,000 affordable housing units.
This new development has given the over 5000 off-takers currently queuing for the yet to be built affordable houses a sigh of relieve as they hang around tolerantly for the inauguration and completion of the project that they have been praying for over the years.
Information available to this paper indicates that a renowned foreign construction company based in Ghana, with vast experience in the industry who has been contracted to be the lead contractor, to be supported by the local construction engineering moguls are waiting for the official launching of the project to commence work.
Agu Resources is starting the project on a 74.29 acre land lying and situated at Odumasi- Nsakina near Amasaman-Accra in the Ga West Municipality, acquired from the government.
According to the information gathered by this paper, Agu Resources has already secured funding for the construction of the proposed 10,000 affordable Houses.
The Project objective is to enhance land use for as many people as possible and create new experience in apartment living as Messrs E.H Group, chaired by Mr. H.F Newman provided Architectural, Electrical and Engineering drawings of the project to that effect.
Priority under the project will be given to Civil and Public Servants as well as middle to low income workers.
Technocrats have noted that the onus lies on the government to take steps to curb the housing problem confronting the nation because the workload involves in putting up affordable houses is too heavy for the private entities alone.
The encroachers who were previously disturbing the peace of Agu Resource have now taken a step back and now asking the estate developer, being Agu Resources to commence work since the proposed project will lift the image of the area, thus attracting prospective investors to the area for the betterment of the youth in the area and the nation as a whole.
The connoisseurs in the building industry have advised government to fully partner private estate developers by making land banks available for the construction of residential facilities to help reduce the country’s housing deficit. They say the partnership venture must not end with Agu Resources but must move beyond so that together we can fight the problem.
Ghana is estimated to have a housing deficit of about 1 million housing units which may double within a decade if nothing is done about the situation.
According to them, the provision of 160, 000 housing units annually could curtail the housing deficit. But this, by all indications would be difficult to achieve if government decided to sit back and watch private investors fight the problem alone.
Conversely, the government, through the ministry of water Resources, Works and Housing is pledging its support for all investors interested in the housing sector, asking them to come onboard to help in the fight against the menace.
The government is therefore asking all existing investors who are currently having concessions to operate in the housing sector to commence work as soon as possible to get rid of the problem so that at least, Ghanaians who are battling with accommodation problem will have a place to lay their heads after hard day?s work.