The Chief Executive Officer of Danywise Estate and Construction, Mr Frank Aboagye Danyansah, has decried Ghana’s growing housing deficit, which he said would require $34 billion to address the shortfall.
The country’s housing needs is in short supply of 1.7 million units, and is projected to climb to two million by 2018, which he said, required the introduction of pragmatic and deliberate policies and private sector participation to raise supply.
“Our housing deficit has reached 1.7 million units which is expected to reach two million by 2018 and we would need about 34 million dollars to fix it,” he told the Ghana News Agency Thursday.
He said the government would have to build 190,000 to 200,000 units each year for the next 10 years to bridge the gap. This is expected to cost around $3.4 billion for the 200,000 units.
He urged the newly appointed sector minister to revise the current Ghana Revenue Authority tax laws which he described as “bogus.”
He said the law states inter alia that before one could build affordable housing, it must be in consultation with the sector Minister and the Minister of Finance without spelling out modalities to qualify the company or person venturing into the construction.
Source: The Ghanaian Chronicle