Government offers incentives to boost affordable housing

Government has introduced an incentives package to support private sector developers in delivering affordable housing units, aiming to address the country's 1.8 million housing deficit.

The Public-Private Partnership (PPP) Framework, pending parliamentary approval, offers land banks, tax waivers on imported materials, and affordable construction finance through the National Home Ownership Fund.

Minister for Works and Housing, Kojo Oppong Nkrumah, expressed concern over high accommodation prices due to challenges faced by private developers, emphasizing the need for government support.

CEO of SUCASA Properties, Michael O'Grantson-Agyapong, committed to making affordable housing a priority, with plans to complete additional communities next year.

The government's intervention is seen as crucial in reducing the housing deficit, with the private sector playing a vital role in achieving this goal.