Audio By Carbonatix
Ghana’s housing sector is overwhelmingly dominated by self-builders or self-provisioned individuals and households.
According to a report by the Institute of Statistical, Social and Economic Research (ISSER), it accounts for 90% of the estimated 45,000 units delivered annually.
Despite its dominance of the Ghanaian housing sector, the report expressed worry that the self-built housing has not received adequate attention in terms of research and policy.
It therefore called on policymakers and key stakeholders to examine the key features and characteristics, financing, contribution to job creation and to local and national economies, and the challenges confronting self-build housing.
The report acknowledged the challenges of self-building housing, and emphasised the different sets of economies (land, input, construction and output) generated by self-build housing.
Policy Recommendations
On policy recommendations, the report called for improved land access and management through joint efforts of municipal assembly/state land agencies and traditional authorities.
It urged municipal assemblies to improve land use and spatial planning as stated in various policy documents such as the National Urban Policy Framework and Action Plan, 2012, Land Use and Spatial Planning Act, 2016 (Act 925).
On the government’s policy focused on self-built housing, the report called for direct interventions in the supply side (land, inputs, labour, finance, etc) to make accessible and affordable housing for developers, including self-builders.
It also suggested indirect approach – improve the macro-economic environment to improve employment and incomes, and reduce inflation and interest rates.
Latest Stories
-
BoG Governor hosts ‘Central Bank Bridge: Remit2Invest’ dialogue in Virginia, USA
32 minutes -
Damang communities to benefit from development and jobs after E&P takeover – Lands Ministry
1 hour -
Ghana’s economic recovery driven by structural reforms – Ato Forson
1 hour -
Mahama pledges locally funded water project for Tamale after external loan setback
1 hour -
Eni Ghana and partners to expand healthcare access in Western Region
1 hour -
ECG Eastern Region earns multiple awards
1 hour -
Ketu North Assembly empowers PWDs with income-generating tools
1 hour -
Dekpor community appeals for revival of fish pond to boost local economy
2 hours -
Deputy Chief of Staff reaffirms Mahama’s commitment to ‘Resetting Ghana Agenda’
2 hours -
France reaffirms commitment to dialogue on reparatory justice following UN resolution
2 hours -
Ghana, UNDP, WHO launch US$1.5m initiatives to advance development
2 hours -
Fiapre Traditional Authority imposes fine on littering, haphazard waste disposal
2 hours -
Tamale 24-hr Economy Market is biggest of all – President Mahama
2 hours -
Ghana must chart its own sustainable economic future – IMF
2 hours -
Ashanti Regional Minister halts illegal land clearing around Lake Bosomtwe
2 hours