Audio By Carbonatix
The Vice President of Ghana Real Estate Developers Association [GREDA], Kwabena Nyarko is proposing the establishment of a Ghana Housing Authority to deal with the challenges facing the country’s housing sector.
Ghana is said to currently have a housing deficit of about 1 million with the figure expected to double within a decade if immediate steps are not taken to remedy the situation.
Speaking on Multi TV’s current affairs programme, PM: EXPRESS, the GREDA Vice President attributed the rise in housing deficit to government’s decision to move from providing housing for the public to becoming a facilitator of housing in the 1980’s.
According to him, the lack of land banks for private real estate developers to easily access lands to develop properties has also contributed to the current housing deficit.
He observed that the cumbersome process in acquiring land for development impedes efforts being made so far to reduce the high housing deficit. He noted that estate developers have to enter into unending negotiations with chiefs and other land owners before they are able to secure a parcel of land to develop their properties.
Mr. Nyarko noted that there are good investments to be made in the housing sector which in turn will translate into growth since “service delivery is tied to addresses and without that, it becomes difficult for people to want to do business with you”.
Commenting on some of the mistakes prospective land buyers make when buying lands, a Senior Lands Officer at the Lands Commission, Timothy Anyidoho, told show host Nii Arday Clegg that people acquire land often based on trust.
He however explained that land acquisition begins with the first step of securing the site plan of the parcel of land and checking for the availability and ownership of it with the Lands Commission even before you consider purchasing it.
He said this process minimizes the risk of being defrauded or running into land litigation. He noted that lands in the country have not been assimilated meaning no one person owns lands in the country adding that there are public lands including vested lands and other private lands with ownership ranging from individuals to family to stools.
He was however quick to concede that the land registration process is also fraught with challenges, delays and frustrations, developments which often encourage people to take the quick way out.
“Sometimes, the delays we have are from the people… Also in our registration process, we can have some challenges. The frustrations are only because the document itself has certain defects and therefore we need to help correct those defects before they come to be part of the public records”, he added.
He thus urged the public to ensure that they do background checks on parcels of land they want to acquire with the Lands Commission to avert any conflict or litigation once they have started developing the land.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Israel to bar 37 aid groups from Gaza
1 hour -
High Court freezes GNAT elections amid claims of constitutional ‘subversion’
1 hour -
MTN announces airtime and data sales blackout for January 2 in preparation for new VAT tariffs
2 hours -
Not Semenyo’s ‘last game’, says Iraola as Man City close in
2 hours -
12 of the best TV shows to watch this January
3 hours -
NPP begins nationwide exhibition of voter register for 2026 presidential primaries
3 hours -
Senegal conclude Group D with comfortable win over Benin as both progress to Round of 16
4 hours -
Scores sleep overnight at Accra Sports Stadium more than 18 hrs ahead of Alpha Hour Convocation
4 hours -
When revenue collection hurts business
5 hours -
Creative Canvas 2025: Shatta Wale – Disruption as a strategy, dominance as the result
5 hours -
Is talk of “losses” by GoldBod just abstract drivel? Bright Simons asks
7 hours -
US Strikes: Ondo Amotekun arrests 39 fleeing suspected terrorists
7 hours -
New Passport Office opens in Techiman, bringing vital services closer to Bono East residents
7 hours -
Anthony Hopkins shares advice as he celebrates 50 years of sobriety
8 hours -
KTU Radio wins international award for its unique programme on World College Radio Day
8 hours
