The Ghana Real Estate Developers Association (GREDA) is proposing that he newly proposed Ghana Housing Authority by the government, must be run by technocrats to ensure efficiency and maximum benefits to the sector.
The Association believes that ensuring the authority is ran by technocrats and industry players who understand the country’s housing sector is key to ensuring it remains relevant in addressing the country’s housing challenge.
In an interview with Citi FM, Executive Director of GREDA, Samuel Amegayibor said they welcome the proposed authority and want government to expedite action on the establishment of the authority.
The also stressed that the Housing Authority could only be effective when its operations is devoid of political interferences.
“I want to believe that it is time to establish this National Housing Authority and the only caution I want to give is that we have too many institutions run by politicians. If this housing authority is established, we should allow technocrats to fill that office, people who understand what housing is about – how to construct and finance housing and all the necessary ingredients that brings housing together.
“The Minister can continue to head the ministry and supersede everything under housing, they should deal with policy and influence policies that drive the agenda for housing. But they should leave the day-to-day administration of how housing is supplied in this country to the technocrats.”
Factors such as land litigation, high cost of construction and demand for rent advances of over a year which places financial constraints on many tenants have further compounded the problem.
The New Patriotic Party under the leadership of President Nana Addo Dankwa Akufo-Addo therefore proposed some measures in their manifesto for the 2020 elections.
It proposed the establishment of two new bodies, the Ghana Housing Authority and the National Housing and Mortgage Finance Company.
The authority will be responsible for improving the legal and regulatory framework, creating land banks, providing infrastructure, and standardizing houses.
It will also manage the Mortgage and Housing Fund set up in the 2020 budget, provide incentives to enable the private sector build community housing units, and create jobs in the process across in the country.