Will build affordable fast Housing in Ghana
As Karmod company, it is our job to produce affordable social housing in Ghana. Affordable housing has remained one of the foundations of Lower and middle class families and every society. However, most of the population in Ghana lacks good and affordable housing; The current housing shortage in Ghana is over 2 million. We pride ourselves on our ability to build bulk as well as individual offerings to clients looking for affordable prefab homes and properties in Ghana. We do not believe in excessive pricing in housing and we are against it. As Karmod company, we are determined to produce affordable housing in Ghana. The public's need for affordable housing in Ghana is now more necessary than ever. The total estimated housing deficit in Ghana is estimated to be around 2 million homes and the deficit is expected to increase. Owning a home is a fundamental human right of the Ghanaian people, and that's what these affordable housing projects are trying to achieve. Karmod of affordable housing projects completed or about to be completed in Ghana is considering starting.
Discover high quality and best affordable homes in Ghana
Affordable social housing in Ghana is becoming a reality thanks to these numerous social housing projects undertaken by the government and contractors like Karmod across the country. In this way, the dream of every Ghanaian to have their own prefabricated house throughout their life becomes much more possible. The real estate sector in Ghana is still a young sector and we hope to see further improvement in Ghana property prices with regulations in the sector to help make affordable homes and social housing even more affordable for lower and middle class Ghanaian families.
Affordable housing for lower- and middle-class families in Ghana remains a pressing socio-economic concern as incomes do not match increases in home selling prices, despite the growing economy. The housing shortage is especially concentrated in urban areas. In 2023, population growth was estimated to add three million non-urban households in Ghana by 2030. The Government of Ghana put housing shortages with more than 2 million units before the pandemic and around 60% of the working population need help to access affordable housing while 30% will not have access to affordable housing even with the intended government subsidy.
Large affordable housing project in Ghana
Public housing or social housing in Ghana is questioned in a variety of ways, from policy failure, project delay and abandonment to access and affordability etc. This unfortunate situation that characterizes public housing in Ghana has raised questions about the government's ability to provide housing to the public. After a long absence of public housing initiatives, the government launched nationwide “affordable housing projects” in 2022,
Ghana's Housing Policy has projected that 6 million rooms will be needed by the end of 2025 to bridge the gap and provide housing for new households, with a preferred occupancy threshold of two per bed. More than 100,000 residential units are needed each year just to meet the current demand for affordable housing. History has shown the trajectories of public housing delivery in Ghana. After Ghana gained independence in 1957, then-President Kwame Nkrumah formulated and implemented policies focused on social housing. Therefore, the provision of affordable housing for the people of Ghana has been considered one of the government's roles. The results of these policies were government-run housing, which led to the establishment of government agencies tasked with overseeing the provision of affordable housing for the low- and middle-income urban population, especially public sector workers.