What is affordable housing in Ghana?

What is affordable housing in Ghana?

‘An affordable house in Ghana is a house whose cost ranges from GHS 100,000 to GHS 200,000, taking into consideration people’s incomes and the feasibility of the construction costs. A house is only affordable because people have the money to buy, or can access a mortgage to buy, the property. ‘

How much is the cheapest house in Ghana?

There are 12182 houses for sale available in Ghana. The average price is ₵3,140,074, while the cheapest house available starts at ₵21,756 and the most expensive costs ₵967,017,940. These houses are listed by verified realtors, property owners and well-known real estate developers.

What does Kumasi stand for?

British Dictionary definitions for Kumasi Kumasi. / (kuːˈmæsɪ) / noun. a city in S Ghana: seat of Ashanti kings since 1663; university (1961); market town for a cocoa-producing region.

What do you mean by affordable housing?

Definition: Affordable housing refers to housing units that are affordable by that section of society whose income is below the median household income.

How much does it cost to build a container home in Ghana?

With as low as GH₵ 40,000, you can erect a container home on your piece of land. Building a well-designed and chic house for a complete family might not cost up to GH₵ 100,000. Does that not sound cool? You can as well build schools and big office buildings with less than GH₵ 100,000.

Who started affordable housing in Ghana?

The affordable housing project which started under the John Agyekum Kufuor-led NPP administration which aimed at reducing Ghana’s 1.7 million housing deficit according to former Deputy Minister of Works and Housing now Deputy Minister of Gender, Children and Social Protection, Hon.