• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, June 1, 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
Home Business Real Estate

Convert Saglemi housing project into social housing- Tenants Union

April 28, 2021
in Real Estate
Reading Time: 3 mins read
0

The National Tenants’ Union of Ghana has called on the Housing Minister to convert the beleaguered Saglemi housing into a social housing. According to the union, the current housing deficits has plunged the country into the “Landlords’ market”.

Contained in a statement signed by the Secretary General of the Union, Frederick Opoku, he intimated that some landlords have taken advantage of this ‘autonomy’. By this, the few who ply trade take “undue advantage in the housing rental market”.

He further explained that, these landlords “charge rent and take rent advance exceeding the duration required in law”.

RelatedPosts

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

Instead Of Borrowing To Invest In Projects, Preserve Your Capital- Andani Advises Real Estate Developers

“Hon Minister, Section 25(5) of the Rent Control laws of 1963, Act 220 is very clear on that. But due to the limited supply of housing units, and demand outrunning supply, government is unable to enforce that portion of the law. That renders tenants in this country hopeless and impoverished resulting in the rise and spread of slums in the cities of our country”.  

Fulfil manifesto promises

Furthermore, the Union called on the President to order and make available the 1,500 houses built at Saglemi. This, it noted, will help provide accommodation for the poor to rent.

“In your pledge to the nation in your manifesto 2020, you were categorical that in your second term, low income and social housing to provide affordable housing to the poor would be your priority.

“We are of the view that converting that affordable housing at Saglemi would prove to the good people of Ghana that you and your government are committed to promoting Social Housing as promised”.

Housing deficit

Touching, on the spiralling housing deficit in the country, Mr. Opoku maintained that it has “rocketed in excess of 2 million housing units”.  It further described it as “rising at alarming rates”, a phenomenon experts confirm.

He further revealed that these experts project the country needs a little above 5.7 million rooms by 2025. However, the current housing stock delivery by both private and public sectors stand a little over 40,000 housing units annually.

“To bridge the gap, it is expected that the annual stock provided by both the private and public entities of 40,000 housing units have to increase four folds. In other words, 160,000 units annually for a continuous period of 10 years from now.

“Hon Minister, we do not have the slightest doubts that you can’t live to expectation considering your pledge of establishing an independent Housing Authority, a Housing Authority fund and increasing the pension fund from the current 5%”.

In a bid to support government, Mr. Opoku opined that the Union is ready to help government to “use the Saglemi housing project as a pilot project for rental accommodation”. Furthermore, he noted that it will serve as “social intervention” to reduce the suffering of Ghanaians.

“The Union will put in maximum efforts to help governments recoup investment into the project and build more social housing for the poor in the society to benefit.

“We are hopeful that such a gesture would help improve the messy conditions that the housing sector finds itself to today”.

Read Also: Australia and UK to benefit the most from spending of excess savings in 2021

Tags: Ghana Newshousing deficitSaglemi housing projectSocial HousingTenants Union
Share6Tweet4Share1SendSend
Previous Post

Australia and UK to benefit the most from spending of excess savings in 2021

Next Post

CPF calls for a halt to deforestation

Related Posts

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

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

by Stephen M.C
July 3, 2024
0

According to the recently published “African Real Estate Capital Trends” report by Estate Intel, an African real estate market intelligence platform, in 2023, Africa’s real estate investment landscape remained modest, capturing only 0.15% of the global...

Ghana's Ambitious Energy Transition: A $562 Billion Journey Towards a Sustainable Future

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

by Stephen M.C
May 16, 2023
0

African Energy Chamber in its Q1/2023 State of African Energy report has stated that oil and gas are expected to play a long-term role in Africa’s electricity mix. According to the Chamber, Africa is currently heavily...

Instead Of Borrowing To Invest In Projects, Preserve Your Capital- Andani Advises Real Estate Developers

Instead Of Borrowing To Invest In Projects, Preserve Your Capital- Andani Advises Real Estate Developers

by Stephen M.C
March 2, 2023
0

Former CEO of Stanbic Bank Ghana, Dr. Alhassan Andani has urged real estate developers to manage their capital to enable them survive this turbulent economic times. According to Dr. Andani, it will not be profitable for...

Executive Secretary of Ghana Real Estate Developers Association (GREDA), Samuel Amegayibor, has revealed that Ghana’s housing market is beset with high cost of materials for building.

Prices Of Materials Have Surged High Lately- GREDA

by Stephen M.C
February 2, 2022
0

Executive Secretary of Ghana Real Estate Developers Association (GREDA), Samuel Amegayibor, has revealed that Ghana’s housing market is beset with high cost of materials for building. According to him, the country’s housing market is still bearing...

The Minister for Works and Housing, Francis Asenso Boakye, has revealed that the government is considering selling the Saglemi Housing Project to a private entity.

Housing Ministry Taking Steps to Ensure Implementation Of Phase Two of Keta Sea Defence

by Stephen M.C
November 25, 2021
0

Minister for Works and Housing, Francis Asenso-Boakye, has disclosed that his outfit is taking necessary steps to ensure the construction of the Keta Sea defense project which was not captured in the 2022 budget presented by...

Please login to join discussion

Recent News

  • Gabon To Halt Manganese Exports By 2029
  • UK Army Expansion Plans Delayed Until Post-Election
  • GCAA Extends Operating Hours at Kumasi, Tamale Airports
  • Police Arrest Two Suspects In Murder Case
  • Expert Calls for Strengthening DMCs to Improve Small-Scale Mining Governance
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.