President Akufo-Addo has had cause to complain bitterly about the rising cost of buying homes in the country.
At a meeting with the leadership and members of the Ghana Chamber of Construction Industry (GhCCI) at the Jubilee House, he said “we are here in Ghana and some small three-bedroom house in East Legon will cost you $350,000.00, $400,000.00 to $500,000.00.”
Meanwhile, he said “you get mansions for that in many parts of America. $100,000.00, $200,000.00’ maximum, that gives you a very well-appointed home because of the materials that go into construction in the United States.”
“They are local, indigenous and they are very cheap. We need to find a solution to how we can build strong houses here but cheaply; I think that it is something that we all have to put our heads around and find a solution to it so that we can address our housing matters”, he said.
Ghana’s housing deficit currently stands at 1.8 million housing units, which according to the President is larg because it is expensive to build in Ghana compared to rich countries, particularly, the United States.
President Akufo-Addo therefore noted that “we cannot continue to ignore the expensive methods of construction that has made housing here virtually a monopoly of the rich, it shouldn’t be the case.”
That, he said was because “the richest country in the world (America,) has some of the cheapest housing that you can come across anywhere in the world.”
High Cost of Building
K.H. Osei Asante, a member of the governing council of the GhCCI, proposed the passage of specific bills and the review of some existing laws in the built environment.
First was the call for the passage of a Housing Authority Bill to coordinate social housing projects by the government of Ghana. Secondly, he called for support to pass the Surveying Council Bill. Thirdly, he called on government to prioritize the introduction of the Construction Industry Development Authority Bill.
In the area of the review of existing laws, Mr. Osei Asante said some aspects of the Architects Registration Council Law needs to be reviewed as well as the Rent Bill which is currently in Parliament.
The GhCCI
The GhCCI has been established along the lines the Telecommunications Chamber, Ghana National Chamber of Commerce and Industry, Chamber of Mines, among others.
The main objective of the GhCCI is to serve as a medium for continuous dialogue among the various stakeholders (Ministries, Departments and Agencies, Metropolitan, Municipal and District Assemblies, State Bodies that regulate various aspects of the Construction Industry/Built Environment, and others) and to advocate policies, policy reforms, and amendments as well as their implementation to ensure it leads to the creation of a conducive business enabling environment.
The GhCCI also exist to facilitate the establishment of Construction Industry Development Authority as a state regulatory body in Ghana and collaborate with that body and also to provide an avenue for networking among the various Members and Stakeholders including learning and sharing of experiences, business information, and innovative ideas among others.
By Charles Takyi-Boadu, Presidential Correspondent