Audio By Carbonatix
Government has been urged to take a look at the salary levels of workers to address the increasing housing deficit in the country.
Chairman of Comet Properties Limited, Nana Odeneho Kyeremateng said wage level in the country are too low enable many workers afford a decent accommodation.
Speaking to George Wiafe on PM Express Business Edition, Mr Kyeremateng indicated that an upward adjustment in salaries can be a catalyst to deal with the housing challenges.
"...and then look at our salaries. I am not an economist in that sense or the Fair Wages and Salaries Commission, they [workers] must earn income according to whatever they've worked. Whatever they earn here, it is too low averagely. Not everybody can buy a house and not everybody can build a house," he said.
Mr Kyeremateng's comments come after the Ghana Statistical Service (GSS) indicated that the just-ended Population and Housing Census revealed a housing deficit of about 1.7 million units, which is projected to hit 2 million units before the end of 2021.
It also revealed that out of the 10.7 million structures listed, 20 per cent were kiosks and wooden structures.
One out of every five structures listed was not fully completed.
This therefore calls for the building of a minimum of 170,000 housing units annually to make up for the shortfall.
The Real Estate Developer indicated that the government must implement deliberate policies, including harnessing of pension funds and taxes.
He noted that although Ghana Housing Department, now State Housing Company Limited, introduced by former President, Dr Kwame Nkrumah aided in building houses in certain vicinities, including Cantonments, Labone, it could not be sustained due to economic challenges the country faced in the 1970s.
He further said that government's relegation of the responsibility to create affordable housing to the private sector, is not a prudent way to address the problem.
Latest Stories
-
Boko Haram suicide bomber behind Borno mosque blast in Nigeria, army says
7 minutes -
Five killed in Nigeria mosque attack, police say
14 minutes -
13 inmates at Nsawam Prison granted bail under Justice for All Programme Â
28 minutes -
Deputy Finance minister commissions first-ever electricity for Awurahae and Sarpor communities as Christmas gift
37 minutes -
Gov’t releases GH¢139m in LEAP support for over 350,000 vulnerable households
54 minutes -
Fact-Check: Claim by GoldBod CEO that Ghana’s foreign reserves was $9bn in 2016 FALSE
2 hours -
Haruna Iddrisu: Akufo-Addo administration left Ghana’s economy in structural crisis
2 hours -
Unemployment continues to threaten Ghana’s stability – Haruna Iddrisu
2 hours -
Gov’t pledges protection and compensation for journalists harmed in the line of duty
2 hours -
Christmas Eve crash kills four at Twifo Ntafrewaso
2 hours -
Kofi Owusu Peprah unveils ‘M’aseda’ music video featuring Diana Hamilton
2 hours -
GIADEC dismisses claims gov’t plans to award Nyinahin Bauxite concessions to Ibrahim Mahama
3 hours -
Ghana Celebrates Hanukkah: A Festival of Light and Freedom
3 hours -
IMF seeks 3-month extension of Ghana’s Programme
3 hours -
Government secures $200m World Bank support to end double-track system – Haruna Iddrisu
3 hours
