The government has announced plans to collaborate with private developers and banks to construct affordable high-rise residential buildings in Accra and Kumasi.
Finance Minister Dr. Mohammed Amin Adam, during the Mid-year budget presentation in Parliament on Tuesday, July 23, stated that this initiative aims to reduce the burden of long commutes and alleviate the stress caused by the lack of decent and conveniently located housing.
“Government in partnership with private developers and the Banks is looking at building high-rise, reasonably priced accommodations within the cities of Accra and Kumasi,” he said.
In the coming weeks, Dr. Amin Adam stated that the Minister for Works and Housing, Kojo Oppong Nkrumah, will unveil the comprehensive housing reform package, with a significant focus on private sector involvement.
“Mr. Speaker, Government during the first half of the year continued to implement the National Rental Assistance Scheme, which has benefited 2,074 individuals to date.
“Mr. Speaker, under the National Flood Control Programme, over 1,000 kilometers of drains have been newly constructed, rechanneled, and maintained nationwide to reduce the impact of the perennial devastating floods.
“In addition, preparatory activities towards the construction of houses for households affected by the controlled spillage of the Akosombo Dam were completed following extensive engagement with stakeholders” he stated.
