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Ghana has for over two decades, embarked on a
comprehensive programme of financial, economic and
structural reforms with the objective of reversing the
previous declines in the economy.
These programmes were supported with resources from IMF,
the World Bank and other multilateral and bilateral
donors. Even though impressive gains were made under the
programmes, other areas were impacted negatively,
especially the housing sector. Whilst people's incomes
improved, as well as population increase, there was the
need to expand housing facilities.
The rate of construction of homes for a number of
reasons has fallen behind the growth of population in
general and the number of people entering the working
class. This has created a big deficit in the country's
housing delivery system, particularly in the urban
centers.
Ghana's housing deficit stands at 1,300,000 units and
there is the need for 130,000 units on annual basis over
a ten-year period to make up for the deficit created.
Needs assessment survey conducted in the housing sector
in the 2000's was conclusive that the ideal housing
properties on high demand are 2-4 bedroom houses in view
of the large family size they tend to have.
The trend in population growth coupled with the rising
cost of building materials has shot up the prices of
houses and rent chargeable is exorbitant.
The size of the market for residential properties is
large as it covers Ghanaian national's resident abroad.
The general consensus is that the houses constructed are
of poor quality and the finishing fall short of the
dream houses that potential homeowners are looking for.
Gutty Housing Project intends to clear the deficit
created by evolving a comprehensive scheme to provide
luxury homes at reasonable prices under flexible terms
of payment. |
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Location:
No.6 Tabkple Street
East Legon, Accra Ghana
Address:
P.O. Box 5515
Accra North,
Ghana West Africa
Tel/Fax: +233-21-508003
Mobile:+233-20-813-0722
E-Mail:
info@guttyuniversal.com |
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