President Nana Addo Dankwa Akufo-Addo launched the Pokuase Affordable Housing Project on August 1, 2023, as part of the government’s effort to address Ghana’s significant housing shortage.
Ghana is currently struggling with a housing deficit of around 1.8 million due to the expensive costs of rent, mortgages, and building supplies.
The Pokuase Affordable Housing Project is therefore a significant step towards providing sustainable and quality housing solutions for middle and low-income earners in the capital.
To make the units affordable, the government has subsidized the cost of the houses by providing land and on-site infrastructure.
To ensure the subsidy reaches potential homeowners, the government collaborated with developers to set a price ceiling for the various housing units. Developers are prohibited from selling above the agreed price ceiling, ensuring affordability for buyers.
The project offers a range of housing units, with costs varying from $13,800 to $42,500, depending on the unit type and size. In Ghanaian currency, this translates to GH¢ 156,150 to GH¢ 480,894.
See the prices below:
– A Studio apartment: $13,800
– One-bedroom house: $20,700
– Two-bedroom house: $34,500
– Three-bedroom house: $42,550
With a commitment to addressing the housing deficit, the Pokuase Affordable Housing Project is a vital initiative aimed at providing secure and accessible housing options for those who have long struggled to find affordable homes in the capital.
Critics however argue that the abandoned Saglemi Housing project should have been completed rather than the introduction of a new housing scheme.
