Housing
Housing

The private sector must complement’s government’s efforts in bridging the housing deficit in the country, The Managing Director of Ecobank, Ghana Mr Dan Sackey has said.

Mr Sackey said the continuous growth in the proportion of the Ghanaian population that lives in urban areas had adverse impact on the country’s deficit.

He said there was the need for banks to act not only as financiers but as facilitators as well, providing customers with suitable payment platforms and solutions to the challenges that they may encounter in owning homes.
“The task of providing good accommodation for the nation’s working class is enormous and cannot be borne by government alone, requiring strong participation from the private sector,” a statement quoted him as saying at the launch of the habitat fair.

The statement said the launch brought together key public and private sector players in the housing industry of Ghana to explore ways by which they can deliver truly affordable housing units to help bridge the ever-widening housing deficit.

“It is our belief that this will offer prospective homeowners a wide range of home options to consider, as well as different financing options,” he said.

The Executive Secretary of the Ghana Real Estate Developers Association (GREDA), Mr Samuel Amegayibor said affordable housing in Ghana was only possible, if politicians would agree to collaborate with local technocrats and private real estate developers.

According to him political promises on housing largely remained a rhetoric and unsustainable, hence the many unfinished government led housing projects initiated by successive governments under the fourth republic.
He called on political leaders to take a cue from the lessons learnt in handling the COVID-19 pandemic in Ghana and elsewhere.

“The pandemic has greatly affected businesses everywhere, including the construction industry. The negative effects of COVID-19 has further exposed Ghana’s poor housing situation, bearing in mind that our industry has received very little attention over the years by successive governments,” Mr Amegayibor added.

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleSpeak out and help government fight the ills in society – Chiefs urged
Next articleChange-makers urged to support less privileged in society
The Ghana news Agency (GNA) was established on March 5, 1957, i.e. on the eve of Ghana's independence and charged with the "dissemination of truthful unbiased news". It was the first news agency to be established in Sub-Saharan Africa. GNA was part of a comprehensive communication policy that sought to harness the information arm of the state to build a viable, united and cohesive nation-state. GNA has therefore been operating in the unique role of mobilizing the citizens for nation building, economic and social development, national unity and integration.

LEAVE A REPLY

Please enter your comment!
Please enter your name here