The State Housing Company (SHC), has revealed plans to begin developing a parcel of land provided by the Asantehene Otumfuo Osei Tutu, and the Omanhene of Sefwi Wiaso as part of a grand plan to provide affordable housing to Ghanaians.
Ghana’s housing deficit has reached an alarming rate of two million units and the State Housing Company is of the view that its planned project will bridge the deficit gap.
According to the SHC, government would have to build about two hundred thousand units of houses each year for the next 10 years to bridge the gap which is expected to cost about 3.4 billion dollars.
The government announced an ambitious plan to establish a one billion cedis mortgage and housing finance to leverage private capital while providing affordable housing for Ghanaians.
The fund is also to help bring down the housing deficit.
Spokesperson for the Company, Gordon Asare Bediako, was grateful to Otumfuo Osei Tutu, for the parcel of land.
He said the housing project will start soon.