Oppong Nkrumah promises cross-sectoral cooperation to reduce housing costs

The Ministry of Public Works and Housing has confirmed the government’s commitment to reducing housing prices through cooperation with other ministries.

Kojo Oppong Nkrumah, Minister of Public Works and Housing, announced plans to work with sectors such as roads, energy and water resources.

The aim of the partnerships is to cover expenses related to the construction of road networks, connecting residential units to the national network and ensuring water supplies.

According to the minister, the aim is to ease financial pressure on developers.

Ghana is currently grappling with a housing deficit of 1.8 million units, prompting the government to take decisive action to close the gap. In an interview with the media, Kojo Oppong Nkrumah highlighted that these collective measures have the potential to reduce the cost of housing units by up to 30 percent.

“We’re testing synergies with other government sectors. For example, roads, water and energy. Why? Because when we introduce these synergies, it means that the developer doesn’t have to build the road himself, extend the electricity supply himself, extend the water supply himself.”

“It has the potential to reduce the cost of the final unit that is sold, from what we are told, to about 30%. That will help to significantly reduce the cost of projects in these master-planned communities.”

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