• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, August 19, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Housing deficit is a primary problem for city dwellers- Mr Eric Ebo Acquah

October 5, 2021
Stephen M.Cby Stephen M.C
in Real Estate
0
An Executive Council Member of the Ghana Real Estates Development Association (GREDA), Mr Eric Ebo Acquah, has revealed that housing deficit in the country is a challenge for city dwellers.

Saglemi Housing project.

An Executive Council Member of the Ghana Real Estates Development Association (GREDA), Mr Eric Ebo Acquah, has revealed that housing deficit in the country is a challenge for city dwellers.

 According to him, in pursuit for greener pasture, rural-urban migration has become the order of the day leading to overpopulation. Mr Acquah explained that as a result of the movement, some individuals are left stranded and reside in kiosks due to lack of affordable housing.

“I believe that housing deficit is a primary problem for the city dwellers. When you go to the towns and villages, there are houses there that nobody stays in because everything is concentrated in the cities so everybody moves to the cities”.

Mr Eric Ebo Acquah

To rectify the problem Mr Acquah suggested that government should invest in the railway system. This, he explained, will help citizens who reside in the rural areas have easier means to commute back to their homes without having to stay in the urban areas they visit.

RelatedPosts

Blue Rose Wins Over US$1.1m in Court Case Against Shelter Afrique

Africa’s Real Estate Investment: A Minor Player in a Global Market

Oil and Gas to Play a Long-Term Role in Africa’s Electricity Mix- African Energy Chamber

 “We must look at our transportation system. Because if you build 100,000 new units in Prampram and the people have to commute to Accra each day, there is no railway system that connects Prampram to Accra. We have to find ways to connect the towns and village with trains.

“Once you do that, people can live 50km and come to work without spending so many hours on the way”.

Mr Eric Ebo Acquah
Reconsider salaries of workers in the country

On his part, Chairman of Comet Properties Limited, Nana Odeneho Kyeremateng, revealed that the issue of housing deficit can be addressed provided government takes a critical look at the salary levels of workers.

Nana Odeneho Kyeremateng indicated that the wage level in the country is too low to enable many workers afford a decent accommodation. He explained that an upward adjustment in salaries can be a catalyst to dealing 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”.

Nana Odeneho Kyeremateng

Mr Kyeremateng also admonished government not to relegate a vital responsibility such as addressing housing deficit in the hands of the private sector.

 “Government should play a major role. Put funds into a wholesale holder, who will then give it out to the mortgagees so citizens can get access to the funds”.

Nana Odeneho Kyeremateng

The issue of affordable housing is lost on most people in the country. Nana Odeneho Kyeremateng, earlier in September this year, revealed that policies put in place by the government to address the issue of housing deficit have not been completely successful.

He opined that despite the State Housing, introduced by former President Dr Kwame Nkrumah helped certain areas including Cantonments, Labone, it weakened due to economic challenges the country faced in the 1970s.

Following this, Nana Odeneho Kyeremateng maintained that government must play a role in funding housing and not relegate power to the private sector to create affordable housing.

Read Also: Neoplan Shall Rise Again- Alan Kyeremanteng

Tags: Affordable HousingComet PropertiesGhana NewsGREDAhousing deficit
Please login to join discussion
Previous Post

Global Probe Exposes Secrets of Some of Nigeria’s Rich and Powerful Individuals

Next Post

We’ll hold a debate on the LGBTQ bill- Professor Karikari

[mc4wp_form id="1264"]

Related Posts

Families Receive Insignia For Fallen August 6th GAF Heroes
General News

Families Receive Insignia For Fallen August 6th GAF Heroes

August 19, 2025
Mariah Carey Wins Copyright Case Over Christmas Hit
Entertainment

Mariah Carey Reveals Her Verdict on Grammys

August 19, 2025
MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
Vaultz Business

MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins

August 19, 2025
UK To Deploy Troops If Peace Deal Holds
UK

UK To Deploy Troops If Peace Deal Holds

August 19, 2025
A Gesture To Convince Others To Accept Fukushima Soil
Asia

Japan Poised To Participate In Security Guarantees For Ukraine

August 19, 2025
GRNMA Visits Assaulted Nurse, Demands Swift Justice
General News

GRNMA Visits Assaulted Nurse, Demands Swift Justice

August 19, 2025
Families Receive Insignia For Fallen August 6th GAF Heroes
General News

Families Receive Insignia For Fallen August 6th GAF Heroes

by Silas Kafui AssemAugust 19, 2025
Mariah Carey Wins Copyright Case Over Christmas Hit
Entertainment

Mariah Carey Reveals Her Verdict on Grammys

by Esther Korantemaa OffeiAugust 19, 2025
MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
Vaultz Business

MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins

by Stephen M.CAugust 19, 2025
UK To Deploy Troops If Peace Deal Holds
UK

UK To Deploy Troops If Peace Deal Holds

by Lawrence AnkutseAugust 19, 2025
A Gesture To Convince Others To Accept Fukushima Soil
Asia

Japan Poised To Participate In Security Guarantees For Ukraine

by Comfort AmpomaaAugust 19, 2025
GRNMA Visits Assaulted Nurse, Demands Swift Justice
General News

GRNMA Visits Assaulted Nurse, Demands Swift Justice

by Silas Kafui AssemAugust 19, 2025
Families Receive Insignia For Fallen August 6th GAF Heroes
Mariah Carey Wins Copyright Case Over Christmas Hit
MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
UK To Deploy Troops If Peace Deal Holds
A Gesture To Convince Others To Accept Fukushima Soil
GRNMA Visits Assaulted Nurse, Demands Swift Justice
[/vc_row_inner]

Recent News

  • Families Receive Insignia For Fallen August 6th GAF Heroes
  • Mariah Carey Reveals Her Verdict on Grammys
  • MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins
  • UK To Deploy Troops If Peace Deal Holds
  • Japan Poised To Participate In Security Guarantees For Ukraine
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.