Ghana’s Minority in Parliament concerned over high prices of State Housing Company units

State Housing Company

Members of the Minority on the Works and Committee in Parliament have raised alarm over what they perceive as exorbitant prices for housing units constructed by the (SHC).

The committee, after inspecting various developments around and in , noted prices ranging from GH₵800,000 to GH₵1.1 million.

Minority Spokesperson on , Vincent Oppong Asamoah, expressed disbelief, stating, “Looking at the structure and the price they are quoting, I wonder the people that would be able to afford… I have not had such money in my account throughout my entire life.”

Concerns over affordability

While recognizing the achievements of the current SHC management in revitalizing the company, Committee Chairman Isaac Kwame Asiamah echoed the concerns about the affordability of the housing units.

He emphasized the challenges even the middle class would face in raising such amounts, stating, “as MPs, we are concerned about the cost.”

State Housing Company and affordability concerns

In response to the criticisms, Managing Director of SHC, Kwabena Ampofo Appiah, acknowledged the institution's pursuit of profitability and quality homes at reasonable prices.

He highlighted challenges such as land acquisition in the Greater Accra Region but noted that the government's support in providing infrastructure like roads, water, and electricity would contribute to reducing unit costs.

Appiah expressed optimism, stating, “If this is something we can sustain in the long term, it is going to help us as a company to be able to deliver lower-income homes.”

Join The Discussion

Real Estate Ghana

Real Estate Ghana is your ultimate destination for real estate in Ghana. Discover a diverse portfolio of properties, from houses to apartments, and find your dream home or ideal investment.

Quick Links
Contact Info

Soursop St GS-0750-8619,

Iron City-Amanfrom,
Ga South, Accra – Ghana

Phone: 233 55 091 9202
Email: [email protected]

©2023 — Estate Ghana – Ghana‘s real estate marketplace | Built by ExpireFX Website  | Business News | All rights reserved

Compare listings