Talks to begin on instituting Bonds to resolve housing deficit - Housing Minister

The Government of Ghana is considering instituting bonds to aid in resolving the housing deficit in the country.

Mr. Samuel Atta-Akyea, Minister for Works and Housing stated that issues with housing had become a major headache to citizens and the government and its resolution was a priority of the government.

“If we are able to raise bonds to solve cocoa challenges then we can do the same to resolve housing challenges,” he added.

Speaking at an event in Accra to celebrate the World Habitat Day, held on the first Monday in October, he said that the presence of COVID-19 in the country had increased the need for reasonably priced housing for citizens.

The event was themed “Housing for All: A Better Urban Future“.

According to Mr. Samuel Atta-Akyea, issues with housing were heavily felt in rural areas and the National Housing Implementation policy designed to mobilise funds to aid the housing sector was near completion.

Stakeholders involvement

He pleaded with stakeholders to aid the government in providing support to resolve this issue.

Mr. Charles Abani, UN Resident Coordinator, speaking at the event stated that the UN was ready to support the government in addressing the issue.

He stated that the UN-Habitat had in previous occasions provided support by redesigning slums in parts of the Greater Accra Region, Ashanti, Northern, and Western regions.

Mr. Abani further called on stakeholders and civil society organisations to support the government in resolving the housing deficit in the country.

Source: GhanaPlus.com