Why do we need affordable housing in Ghana?

The need for affordable housing in Ghana is now more necessary than ever before. The total housing deficit in Ghana is estimated to be around 2 million housing units and is expected to increase. Having a home is a basic human right, and that is what these affordable housing projects seek to achieve.

Does Ghana have a housing deficit?

Solutions for more affordable housing options for urban dwellers continue to be a challenge for the Ghanaian government. Despite this, Ghana’s housing deficit witnessed a 33% reduction from 2.8 million (2010) to 1.8 million (2021), partly attributable to the real estate boom and a 72.8% increase in residential structures within the period.

What is the housing market like in Ghana?

Most housing in Ghana is owner-occupied, especially in rural regions, with the highest share in the Northeast (90%). Generally, such properties lack market-related property rights, are less investible, and aren’t built with housing services. The rental housing market, on the other hand, has an urban character.