Housing Deficit In Ghana Essay

3470 words - 14 pages

Bernard Yaw Missedja

PG7482612 SOC 570




Bernard Yaw Missedja

PG7482612 SOC 570

1. Introduction Man has innately an inexplicable rights bequeathed to him by the creator. Through the safe-guard and the protection of these rights, man has however harnessed science and technology to reduce the cost of living and increase the living standard of people in the society. Amongst these is the right to adequate shelter. Thus, the right to adequate housing cannot be underestimated. Housing is broadly defined to include the physical shelter and related ...view middle of the document...

In addition, Article 11(d) of the Constitution provides for the recognition of the existing laws of the land as part of the laws of Ghana. This according to Missedja (2010), gives backing to the Rent Act of 1963, the Conveyance Decree of 1973 and related regulations governing accommodation in the country as the right to adequate housing is intricately linked to the enjoyment of other human rights like education, health and security. It is of essence that governments around the world seek to provide better living condition for its citizenry as per the social contract. This basis notwithstanding, Ghana’s housing needs is not commensurate with the increase population.

2. The Problem: It is important to note that building a house and owning a home is key to the overall development of any nation, and it stands to reason that it impacts directly on the social, economic and health status of its citizens.


Bernard Yaw Missedja

PG7482612 SOC 570

This housing/population disparity has become a serious menace to the Ghanaian society which was aptly captured by former President of Ghana, John Agyekum Kuffour, when he noted that, ‘housing brings to mind the problems associated with population. Ghana’s population which is more than 20 million is set to increase by 50 percent by the year 2025, with an annual growth rate between 2.7% - 3% (Ghana News Agency (GNA), 2006). This position was further highlighted by the former Vice-President of Ghana John Mahama when he revealed that Ghana was still grappling with the major issue of access to decent housing at affordable cost, coupled with insufficient housing stock to meet the ever increasing demand for housing in the urban centers. Hence …available statistics indicate that there is an acute shortage of over 400,000 units of houses nationwide, while the supply capacity nationally is estimated to be 42,000 units per annum. The above data therefore presupposes that, to cater for this shortfall in housing, the annual housing delivery in Ghana should be approximately 120,000 housing units. This means that about 60% of Ghana’s national housing requirement remains unsatisfied (GNA, 2009). Recently, Appiah (2011) quoted the Central Regional Minister, Ms. Ama Benyiwa Doe, disclosing that Ghana’s housing deficit will worsen by the end of 2025 due to the increase in population. She further disclosed that the country’s housing deficit will soon hit 6 million by 2025 since the annual output is between 30,000 and 60,000. She indicated that 2.3 million new households will be added up to the current housing deficit, noting that the situation puts a lot of stress on government’s expenditure to reduce housing deficit through its pragmatic strategies and policies.


Bernard Yaw Missedja

PG7482612 SOC 570

The issue of housing deficit is not peculiar to only Ghana. According to Alitheia Capital (2012) recent reports have shown that the stock of habitable housing in Lagos, Nigeria is 1.25million units with...

Other Essays Like Housing Deficit in Ghana

Macroeconomic Issue Essay

903 words - 4 pages saving in the U.S. from 1980 to 2007 is almost identical to the increase in the current account deficit (5% of GDP) over the same period, while non-housing investment, net of depreciation, has fallen from 3.2% of GDP in the 1970s to just 0.5% since 2000. The United States is borrowing to consume, not to invest in the future productive capacity of the economy. These fiscal problems matter to business leaders in two main ways. First, policy makers

Resourcce Utilization in Africa Essay

5336 words - 22 pages continent's oil production and are, in order of decreasing output; Nigeria, Libya, Algeria, Egypt and Angola. Other oil producing countries are Gabon, Congo, Cameroon, Tunisia, Equatorial Guinea, the Democratic Republic of the Congo, and Cote d'Ivoire. Exploration is taking place in a number of other countries that aim to increase their output or become first time producers, Ghana is a typical example in recent times. Included in this list are

ECO 450 Week 8 Quiz

3705 words - 15 pages ECO 450 Week 8 Quiz Product Description Question 1 Housing construction is generally believed to be an industry of constant costs. In the long run, which of the following is true if a $10 per square foot tax on housing construction is collected directly from builders? Question 2 Which of the following is true about a lump-sum tax? Question 3 The demand for medical care is very inelastic. If a 10-percent tax is levied on the sale

ECO 450 Week 8 Quiz

2967 words - 12 pages ECO 450 Week 8 Quiz Product Description Question 1 Housing construction is generally believed to be an industry of constant costs. In the long run, which of the following is true if a $10 per square foot tax on housing construction is collected directly from builders? Question 2 Which of the following is true about a lump-sum tax? Question 3 The demand for medical care is very inelastic. If a 10-percent tax is levied on the sale

Assess The Claim That The Labour Governments Of 1924 And 1929 Were Unable To Achieve Anything

935 words - 4 pages deal with them due to lack of support from the House of Commons. They did manage to pass the Coal Mines Act in 1930, allowing the working day to be reduced from 8 to 7 ½ hours. Also in 1930, a housing act which launched the clearance of slums was passed and the beginnings of the Transport Act (later passed in 1932) emerged. They handled domestic issues relatively well and without resorting to extreme measures such as deficit spending could

The Effect of Military Pay Cuts

1402 words - 6 pages In today’s economy, because of the rescission, many organizations are making huge cuts to their spending budgets, in an effort to streamline business costs, to operate more efficiently. Along with the rest of the business world, our government is doing the same. Trying to balance the deficit, the government is always looking at efficient ways to streamline the U.S. budget. In this case they are cutting military pay to streamline the military

How Successful Were the Labour Government Reforms of 1945-51 in Improving Social and Economic Conditions?

878 words - 4 pages citizens. Britain was already known as a ‘welfare society’; although, there were still differences in health and living standards between social classes and regions. Disease is another giant that was slayed. The National Health Service (NHS) became effective on July 5, 1948. Citizens could receive medical, optical, and dental services for free. It was established by Aneurin Bevan (Minister of Health and Housing). The NHS covered everyone after


1482 words - 6 pages sources of comparative advantage) and the trade deficit countries—in this case, the United States—become more competitive (gain sources of comparative advantage). This adjustment can occur in a number of ways. The two most likely adjustments today are that wages in China rise relative to wages in the United States, or the U.S. exchange rate (discussed in the next section) falls. Both adjustments will make Chinese goods relatively more expensive

Humanites 400

1654 words - 7 pages continents: Africa (Namibia, Angola, Malawi, Mozambique, Nigeria, South Africa, Ivory Coast, Togo, Liberia and Ghana), South America (Brazil, Colombia, Guyana and Venezuela), North America (Bahamas, Virgin Islands, Jamaica, Trinidad-Tobago, Barbados, Canada and United States), Asia (India) and Europe (Great Britain). Have approximately 3,000 churches with an active membership of 1.5 million people. (General Conference, 2008) In the United

Financial Crisis

1513 words - 7 pages high and rising current account (trade) deficit, which peaked along with the housing bubble in 2006. Ben Bernanke explained how trade deficits required the U.S. to borrow money from abroad, which bid up bond prices and lowered interest rates. 03. Sub-prime lending U.S. Subprime lending expanded dramatically 2004-2006. The term subprime refers to the credit quality of particular borrowers, who have weakened credit histories and a greater risk of

Critiquing the Us Economy

1773 words - 8 pages argue that the economy has remained the same for the last few years, and if it were not for a steadfast government, the country would be in a depression so deep it would take 100 years to recover. However, there are some things the government has done and can do to boost expectations in the short run. The government padded the American economy every month with billions of dollars. Now that the country’s housing market has improved, tapering back the

Related Papers

Ghana Culture And People Essay

971 words - 4 pages 1 Ghana What do you know? Question Which part of Africa is Ghana? Name two cities apart from the capital city of Ghana? What is the Name of the International Airport in Accra? Answer West Africa Tema, Prampram, Ashiaman, Osu, Nungua, Teshie Kotoka International Airport What are the colors of the National Flag? Red, Yellow with a black star and Green President John Dramani Mahama Who is the current President of Ghana? 2 1

Emerging Markets Essay

670 words - 3 pages . Thanks to prudent economic policies in the past- such as Zambia and Tanzania’s modest fiscal deficits to cushion their population from the worst of the global recession. While countries without fiscal space, such as Ghana reduces their deficit despite the global downturn. Before the crisis, private capital flows to Africa were rising faster than anywhere else in the world, helping to finance infrastructure and other development projects. Today

Time Management And Productivity Essay

3483 words - 14 pages . Real estate developers who partner the Ministry of Works and Housing to provide affordable houses will continue to benefit from the five year exemption. 22. Repeal of the LI 1817, which empowers the Ghana Investment Promotion Council (GIPC) to grant tax exemptions for the hotel and hospitality industry. 23. Increase in gift tax to be in tandem with general income tax. This will avoid shifting of Capital Gains to Gift Tax. 24. The

Microfinance Essay

3455 words - 14 pages that the first credit union in Africa was established in Northern Ghana in 1955 by the Canadian Catholic Missionaries. The economy of Ghana during the 1960’s was dominated by Agriculture (which constitutes 60%) and government in its efforts to finance this sector established the Agricultural Development Bank in 1965 to specifically address the financial needs of the fisheries and agricultural sector. This further led to the establishment of rural