Housing

  Mr. Divine Aggor, CEO of Rentchamber Group Ltd, was recently featured in an article published by Equal Times, where he spoke about the challenges of affordable housing in Ghana. Mr. Aggor's insights shed light on the current state of the housing market in Ghana and the efforts being made to address the issue. In the article, Mr. Aggor highlighted the high demand for affordable housing in Ghana...

In Ghana, as at 2010,  44.5 percent of households occupy only one room, 24.8 percent occupy two rooms and 11.6 percent three rooms. More than half (54.4%) of household members sleep in single rooms, 24.3 percent sleep in two rooms and about 10 percent sleep in three rooms. Only 11.2 percent of households sleep in four or more rooms. More than 60 percent of households in Ashanti (64.5%), Central (64.0%)...

Ghana's 2010 Population And Housing Census-Understanding The Basics. This report, which is the first publication released by Ghana Statistical Service (GSS) on the 2010 Population and Housing Census (PHC), presents a summary of the final results. It contains priority tables required by planners, researchers and other stakeholders for planning, and programme implementation. The report provides...

Kiosk Estates are springing up across Ghana's major cities in light of high rent charges and the unregulated nature of Ghana's property rental market. This phenomenon has been on the ascendency over the decades but there seems to be no hope in sight. Hundreds of thousands of these slum dwellers, some of which Rentchamber had conversations with, are hard-working citizens who deserve better accommodation....

Ghana has a growing housing finance sector. As the mortgage market does not yet meet the breadth of the population who might afford a mortgage, most households still finance their housing independently, with savings or non-mortgage credit. The lowest recorded interest rate on a mortgage in Ghana is 29 percent, and requires at least a 20 percent down payment. The cheapest newly built house by a developer...