Accra, Ghana – The President of the Ghana Association of Real Estate Brokers (GARIB), Jacob Adofo-Ansong, has called for a fundamental reorientation of Ghana’s housing development strategy, emphasizing the urgent need to prioritize affordable housing for the majority of Ghanaians. Speaking at a stakeholder engagement in Accra on Thursday, organized by GARIB and the Bank of Ghana’s Collateral Registry Department, Adofo-Ansong argued that Ghana faces an affordability crisis, not a housing deficit, as the current market predominantly caters to investors, the diaspora, and high-income buyers, effectively excluding ordinary citizens.
Rethinking the Housing Deficit Narrative
Contrary to the commonly cited figures of a 1.8 to two million housing deficit, Adofo-Ansong presented a stark reality: approximately 1.5 million housing units currently lie vacant. This paradox, he explained, points to a systemic issue where the problem is not the quantity of housing, but its prohibitive price.
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