The government has been urged to provide incentives for private developers to help bridge the housing deficit in the country.

Chief Operating Officer of Spektra Global, a real estate company, Arch Karen Evans Halm says government must look at regularizing land acquisition including tax incentives to attract private investors

She made the appeal to government during the launch of the Seed Gate estate which is a subsidiary Spektra Global Limited, to contribute to efforts to address the housing challenges in Ghana.

“If the cost price of the things that we use to produce these houses can be reduced, by tax rebase, duty rebase, by land being easy to acquire so that you’ll not pay three times for one land, then we can begin to drive the cost down.”

“Really because, our vision is that we will be able to drive the down cost so that we serve the younger folks who are working so hard,” she stated.

The Ghana Statistical Service estimated that Ghana had a housing deficit of about 1.7 million units and was projected to hit 2 million units before 2020.

This therefore calls for the building of a minimum of 170,000 housing units annually to make up for the shortfall.