Ghana’s housing sector is opening up major investment opportunities  and the private sector is being called to take full advantage.

This message came from the Minister for Works, Housing and Water Resources, Mr. Kenneth Gilbert Adjei, in remarks delivered on his behalf at the recent Ecobank-JoyNews Habitat Fair.

Speaking through Mr. Prosper Hoetu, CEO of the National Homeownership Fund, the Minister highlighted how Ghana’s rapid urbanization is driving the need for new homes, modern infrastructure, and flexible financing systems.

Housing Demand Rising, But Delivery Still Struggles

Ghana’s urban population now stands at 59%, and it’s growing by about 3.3% each year. This increase has brought with it a spike in housing demand, but the system hasn’t kept up  especially for low- and middle-income families.

The most recent population census puts the housing deficit at 1.8 million units, a reduction from the previous 2.8 million. However, another issue remains: nearly 13% of homes in Ghana are vacant, showing a serious mismatch between what people need and what’s being built.

“The homes are there, but they’re often not affordable or fit for purpose,” Mr. Adjei noted.

Government’s Vision: Affordable Homes for All

The Minister said the government is putting affordable housing at the center of its national development plans. The goal? To make sure every Ghanaian has access to safe, decent, and affordable housing — not just the wealthy few.

He emphasized a practical strategy that includes:

• Faster land acquisition processes

• Smarter contracting and infrastructure

• Stronger access to funding through public-private partnerships (PPPs)

The plan is designed to create a housing market that truly meets the needs of working Ghanaians.

 A Message to Investors at Home and Abroad

Mr. Adjei also spoke about the upcoming District Housing Programme, a national initiative that will spread housing projects across the country. It aims to serve not just locals, but also Ghanaians in the diaspora who want to own homes in their hometowns, including gated communities.

“This is a solid opportunity for the private sector to step in,” he said.

 Teamwork Will Drive Results

He added that successful execution depends on unity across the board  including financial institutions, government agencies, private developers, and the public.

“It’s not just a government job,” he stressed.
“It will take all of us  our ideas, investments, and energy  to make this happen.”

 Key Takeaways:

• Ghana’s urban housing demand is climbing fast

• 1.8 million-unit housing deficit remains a challenge

• Nearly 13% of existing homes are vacant  showing poor market alignment

• Government is focused on affordable housing through PPPs and district projects

• Diaspora-targeted communities are in the pipeline

• Private investors have a big role to play in closing the ga

The post Ghana’s Housing Boom: Private Investors Urged to Seize Golden Opportunity appeared first on Housing TV Africa.

The NSE Benue Chairman, Mr. Ukeyima Manger, emphasized that housing remains a critical challenge for residents, particularly in urban areas.

The manager noted that while there are no completely vacant estates, several privately owned and state-owned buildings have been abandoned due to contract disputes, payment delays, and disagreements. One such example, he said, is the Sheraton Hotel project, which commenced in 1980 but remains incomplete due to a dispute between the government and the original project consultant.

He further raised concerns over the lack of professional involvement in many ongoing construction projects, stressing the need for proper engagement of architects, structural engineers, and other experts to ensure quality housing development.

In a related development, Makurdi resident and landlord, Mr. James Terwase, highlighted the worsening housing deficit in the city, which has led to a sharp rise in rent prices.

According to him, single rooms that previously cost ₦24,000 annually have surged to ₦50,000–₦60,000, while one-bedroom apartments that were ₦150,000 now range between ₦250,000 and ₦500,000. Two-bedroom flats, once rented for ₦400,000, now go for ₦1 million and above.

Despite the rising cost of rent and increasing housing shortages, there is no official regulatory body overseeing the housing sector in Benue, leaving tenants at the mercy of landlords.

The post Rent Prices Surge in Benue as Housing Demand Outpaces Supply appeared first on Housing TV Africa.