President John Dramani Mahama has acknowledged Ghana’s challenges in the housing sector, emphasising the current housing deficit of 1.8 million units.
According to him, the high costs of building materials, land, and other factors have contributed to the rise of slums in various communities.
Delivering his first State of the Nation Address on February 27, 2025, he pledged his administration’s commitment to providing affordable housing options for Ghanaians.
He also noted that one of his first steps would be to ensure the completion of the Saglemi Housing Project.
He said, “Mr. Speaker, the quality of life in any nation relies significantly on a well-regulated and efficient housing market that guarantees access to decent homes.”
“The housing deficit, estimated at 1.8 million units, has loomed large over us for years. High costs associated with land, construction materials, and financing have made homeownership unattainable for many, primarily affecting vulnerable populations and contributing to the rise of slums.”
The president stated that the Saglemi Housing Project would be just the beginning, as his government aims to implement additional affordable housing schemes for Ghanaians.
“My government is steadfast in its commitment to completing all ongoing housing initiatives, beginning with the Saglemi Affordable Housing Project. We will also implement a low-cost Social Housing Project supported by a District Housing Scheme. This project aims to remove the financial barriers to homeownership,” he added.
He also noted that workers in the formal sector, whether public or private, who have 15 to 20 years before retirement, would be able to purchase and own a house in cedis, with the cost deducted monthly from their salaries until fully paid.
SSD/MA
Meanwhile watch as John Dramani Mahama delivers 2025 SONA