• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, June 4, 2026
  • 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
in General News

KOD Criticizes Government Over Ghana’s Housing Crisis 

Prince Agyapongby Prince Agyapong
November 7, 2024
Reading Time: 4 mins read
Kwame Owusu Danso, Vice Presidential candidate for the Movement for Change

Kwame Owusu Danso, Vice Presidential candidate for the Movement for Change

Kwame Owusu Danso (KOD), Vice Presidential candidate for the Movement for Change led by Alan Kyerematen, has called out the government for its lack of decisive action on housing reform. 

Speaking to residents of Texpo, a community along the Sakumono road in Spintex, KOD expressed deep concern about the living conditions of young Ghanaians forced into makeshift shelters due to high rent and an alarming housing shortage. 

During his visit, KOD described how escalating rent prices and limited housing options have severely impacted urban families, especially young adults.  

“Families, especially young people, are resorting to living in kiosks because they can no longer afford the ever-increasing rent in urban areas. This is unacceptable,” KOD stated emphatically.  

ADVERTISEMENT

“It is a failure of successive governments, and it is high time we took decisive action to solve this crisis.” 

Kwame Owusu Danso, Vice Presidential candidate for the Movement for Change

The housing situation in Ghana has been a pressing issue for years, with a shortfall of over two million housing units, a gap that widens as urbanization and population growth outpace housing construction.  

The result is a steep increase in property demand, driving up costs and putting homeownership beyond the reach of many Ghanaians.  

In major urban areas like Accra and Kumasi, rent prices have surged, with even modest accommodations demanding fees that are often unaffordable for lower-income residents and young professionals. 

While government has made attempts to address the housing deficit, these efforts have largely fallen short, leaving residents struggling.  

For many young Ghanaians, including university graduates and entry-level workers, the dream of owning a home seems almost unattainable. The high cost of urban rent has become an enormous burden, with citizens forced to spend a significant portion of their income on housing. 

Movement for Change’s Commitment to Affordable Housing 

Movement for Change (M4C)
Movement for Change (M4C)

Kwame Owusu Danso outlined the Movement for Change’s housing policy under the leadership of Alan Kyerematen. The policy, he stated, is centered on prioritizing affordable housing, aiming to make safe, secure, and affordable homes accessible for all Ghanaians.  

“A home is not just a place to live; it is the foundation of a stable and prosperous life.

“That is why, under the Movement for Change, we will prioritize affordable housing and work with both the public and private sectors to find lasting solutions to this problem.” 

Kwame Owusu Danso, Vice Presidential candidate for the Movement for Change

Under this policy, the Kyerematen administration promises to collaborate with real estate developers, financial institutions, and local governments to lower construction costs and increase the availability of affordable homes.  

By adopting a public-private partnership model, the Movement for Change aims to construct new housing units, renovate existing structures, and introduce financing options to assist low- and middle-income families. 

ADVERTISEMENT

The Movement for Change also plans to address the bureaucratic barriers that hinder housing development. Danso cited inefficient land registration and permitting processes as significant obstacles for prospective homeowners and developers alike. 

Voices of Texpo Residents: A Community in Crisis 

WhatsApp Image 2024 11 07 at 18.00.30 b42eee43

Residents of the Texpo community shared their frustrations over the government’s handling of the housing crisis, voicing concerns that reflect the experience of many Ghanaians.  

One resident lamented, “I’ve lived here for over two years, but the rent keeps going up, and it’s becoming harder to survive. The government doesn’t seem to care about people like us. We don’t want to live in kiosks, but what choice do we have when we cannot afford a proper home?” 

A community leader shared, “We’ve been neglected for too long by those in power. We believe that Alan Kyerematen can bring the change we need. We are ready to support him, and we will vote in large numbers to make sure that his plans for affordable housing become a reality.” 

Kwame Owusu Danso reaffirmed the Movement for Change’s commitment to tackling the housing crisis, promising transformative policies that he hopes will bring long-term stability and prosperity to Ghana’s urban and rural communities alike. 

READ ALSO: Ruger Slams Nigerian Music Industry 

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: financial institutionsfinancingHousingMOVEMENT FOR CHANGE
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Pension Funds Lead Growth in Ghana’s Expanding Asset Management Industry

Next Post

Biden Signals Decision To Welcome New Administration

Related Posts

HE President John Dramani Mahama at the London Stock Exchange
General News

Bawah Mogtari Hails Mahama’s Purposeful Path to Reset Ghana

June 4, 2026
Accra Central Fire
General News

GNFS: Fire Engines Arrived Fully Loaded With Water

June 4, 2026
Accra Floods
General News

Destruction Of Wetlands Driving Accra Floods — Engineer

June 4, 2026
Hon. Michael Kpakpo Allotey, AMA Boss
General News

AMA Declares War on Choked Drains as Accra Flooding Worsens

June 4, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Ice Age Boiling Point

Ice Age Boiling Point Trailer Ignites Excitement for 2027 Return

June 4, 2026
Goldbod CEO with Paramount Chief of Buipe

GoldBod CEO Honoured by Paramount Chief of Buipe for Exemplary Leadership

June 4, 2026
HE President John Dramani Mahama at the London Stock Exchange

Bawah Mogtari Hails Mahama’s Purposeful Path to Reset Ghana

June 4, 2026
Ministry of Energy and Green Transition  at Akosombo Substation

Energy Ministry Visits Akosombo Substation to Review Progress after Fire Incident

June 4, 2026
Hon. Eric Opoku, Minister for Food and Agriculture

Eric Opoku Demands 10% Budget Allocation to Transform African Agriculture

June 4, 2026
Next Post
President Joe Biden addresses the nation from the Rose Garden of the White House in Washington, DC, on November 7, 2024.

Biden Signals Decision To Welcome New Administration

The Vaultz News

Copyright © 2025 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 © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address