President John Dramani has announced plans to implement a low- cost Social Housing Project to increase home ownership for social workers.
According to him, the low- cost Social Housing Project would be supported by the District Housing Scheme.
Speaking during his maiden State of the Nation Address in Parliament on Thursday February 27, 2025, President Mahama indicated that, the project aims to remove the financial barriers to home ownership.
He mentioned that, aspart of his plan to reduce housing deficit, his government would
commit to completing all ongoing housing initiatives, beginning with the Saglemi Affordable Housing Project.
“Workers in the formal sector, public or private, with 15 to 20 years before retirement can purchase and own a house in cedis and have the cost deducted monthly from their salaries until it is fully paid up”.
“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”.
