In his State of the Nation Address delivered on February 27, 2025, President John Dramani Mahama outlined a comprehensive plan to address Ghana’s pressing housing challenges. With an estimated housing deficit of 1.8 million units, the President emphasized the need for urgent and innovative solutions to make homeownership accessible to all Ghanaians, particularly vulnerable populations.
Key Highlights of Mahama’s Housing Plan
Completion of Ongoing Housing Projects
President Mahama pledged to complete all ongoing housing initiatives, starting with the long-stalled Saglemi Affordable Housing Project.
This project, which has faced numerous delays, will be prioritized to provide affordable housing options for Ghanaians.
Low-Cost Social Housing Scheme:
The government will introduce a low-cost Social Housing Project, supported by a District Housing Scheme. This initiative aims to remove financial barriers to homeownership by allowing workers in the formal sector, both public and private, to purchase homes through monthly salary deductions over 15 to 20 years.
Addressing High Costs of Homeownership
Mahama acknowledged that high costs associated with land, construction materials, and financing have made homeownership unattainable for many Ghanaians. His administration will implement measures to reduce these costs, making housing more affordable and accessible.
Combating Slum Development:
The President expressed concern over the rise of slums due to the housing deficit. His plan includes targeted interventions to provide decent housing for low-income earners, thereby reducing the proliferation of informal settlements.
Public-Private Partnerships:
Mahama emphasized the importance of collaboration with the private sector to accelerate housing delivery. He called for increased private sector participation in housing projects, particularly in the construction of affordable units and the development of new housing estates.
Focus on Sustainable Housing:
The housing plan will also incorporate sustainable building practices to ensure that new developments are environmentally friendly and resilient to climate change. This includes the use of locally sourced materials and energy-efficient designs.
A Vision for Inclusive Housing:
President Mahama’s housing plan is rooted in his vision of creating a Ghana where every citizen has access to decent and affordable housing. By addressing the housing deficit, the government aims to improve living standards, reduce poverty, and stimulate economic growth through job creation in the construction sector.
Conclusion
President Mahama’s commitment to tackling Ghana’s housing crisis reflects his administration’s broader agenda of resetting the nation’s economy and improving the quality of life for all citizens. With a focus on completing stalled projects, introducing innovative financing schemes, and fostering public-private partnerships, the government is poised to make significant strides in addressing the housing deficit. As Mahama stated, “We are leaving no one behind as we reset to build the Ghana we want—a Ghana that works for all.”
The success of this ambitious housing plan will depend on effective implementation and the collective efforts of all stakeholders. If realized, it could mark a turning point in Ghana’s journey toward achieving inclusive and sustainable development.
Source : Joycelyn Marigold – Property Express News
