The Ministry of Works and Housing has reaffirmed the government’s dedication to lowering housing prices through collaborative efforts with other ministries.

Kojo Oppong Nkrumah, the Minister for Works and Housing, announced plans to team up with sectors like roads, energy, and water resources. 

These partnerships aim to address expenses related to constructing road networks, connecting housing units to the national grid, and ensuring water provision.

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According to the Minister, the goal is to alleviate financial pressures on developers.

Ghana currently faces a housing deficit of 1.8 million units, prompting the government to take decisive action to close this gap. In an interview with the media, Kojo Oppong Nkrumah highlighted that these collaborative measures could potentially reduce housing unit costs by up to 30 per cent.

“We are piloting synergies with other sectors of government. For example, roads, water, and energy. Why? Because when we bring in those synergies, it means the developer doesn’t have to construct the road himself, extend electricity himself, or extend water."

“It has the potential to reduce the cost of the final unit that is being sold, from what they are telling us, up to about 30%. That will help significantly to reduce the cost of projects in these master-planned communities.”