The First Vice-President of the Ghana Real Estate Developers Association (GREDA), Eric Ebo Acquah, has proposed to the government to sit with local estate developers to fashion out how to address the housing deficit in the country.
He believed resolving the 1.8 million housing deficit was not too much for local estate developers, with the right support from the government.
“I believe that the deficit is something that we can solve locally if local estate developers will be consulted and supported by the government.
“Within a matter of two years, we can make sure we have enough houses,” Mr Acquah told the Daily Graphic in an interview in Accra.
Mr Acquah, who is also the Chief Executive Officer (CEO) of Blue Rose Ltd, an estate developer, said the local estate developers were committed to supporting the government to address the housing shortage in the country.
“So, I believe the government should engage these local estate developers at a roundtable conference to seek their views on how best they can help to resolve this national deficit.
“The housing solutions are in Ghana, and there is no need to look outside. We are able and we are capable because we are already doing that without government support,” he insisted.
Mr Acquah explained that if the government could get a soft loan of about $50 million for about 20 or 25 registered developers, “I tell you, what they will put up, it will marvel you and our prices are also very affordable”.
Source: Graphic Online