Mahama: The Reset Agenda is focused on rethinking the delivery of housing, infrastructure, and economic opportunity

John Dramani Mahama has reaffirmed the government’s commitment to expanding affordable housing across the country, stating that decent housing must be treated as a fundamental right rather than a privilege available only to a few people.

The President made the remarks during the groundbreaking ceremony for the Green City Housing Project at Dedesua in Kumasi.

Describing the project as a major milestone in Ghana’s evolving housing agenda, President Mahama said the initiative forms part of the government’s broader Reset Agenda, which focuses on rethinking the delivery of housing, infrastructure, and economic opportunities for citizens.

According to the President, Ghana’s housing deficit — currently estimated at more than 1.5 million housing units — requires urgent and decisive action due to rapid urbanization, rising construction costs, and limited access to affordable financing.

He explained that the Green City Housing Project is intended to provide affordable, dignified, and environmentally sustainable housing solutions while helping reduce pressure on urban housing demand.

President Mahama outlined several interventions being pursued by the government to address the country’s housing challenges. These include the completion of the long-delayed Saglemi Affordable Housing Project, the rollout of district-level social housing initiatives, and the introduction of low-cost housing schemes for public sector workers in collaboration with organized labour and financial institutions.

The President also announced plans to establish a GH¢3 billion revolving housing fund involving government, organized labour, Social Security and National Insurance Trust (SSNIT), and financial institutions to support long-term mortgage financing for workers.

According to him, houses under the scheme will be priced in Ghana cedis rather than US dollars in order to protect homeowners from exchange rate fluctuations and currency instability.

President Mahama further emphasized the government’s commitment to reforming the rental housing sector to improve affordability and ensure fairness, dignity, and better protection for tenants nationwide.

He commended Otumfuo Osei Tutu II for allocating the 200-acre land for the housing project, noting that the support of traditional authorities remains essential to national development initiatives.

The Green City Housing Project is expected to deliver more than 1,000 housing units within an integrated and environmentally sustainable community designed to support modern urban living.

Analysts say the project could play a key role in addressing Ghana’s growing housing crisis while stimulating employment opportunities within the construction and real estate sectors.