Ghana’s housing downside dates again to the duration in an instant after independence. The problem will also be traced to the generation of Dr. Kwame Nkrumah, Ghana’s first President, whose govt initiated a number of public housing schemes. Some of those market signals, in particular in Tema, are nonetheless in use nowadays.

Similarly, throughout the regime of President I. Okay. Acheampong, the federal government offered the Low-Cost Housing Scheme. These properties will also be discovered around the nation, particularly in lots of district capitals, and have been meant to make housing inexpensive for low- and middle-income earners. Despite those efforts, inhabitants software solutions, fast urbanisation, and restricted sustained public financial management regularly widened the housing deficit.

In fresh instances, the housing hole has turn out to be so massive that govt by myself can now not deal with it. This truth has ended in larger non-public capital injection participation in the true property and housing tech. To offer protection to tenants, govt offered hire regulate measures to control hire ranges and landlord practices, however enforcement has in large part been useless.

More lately, govt offered a Rent Assistance Programme, below which, thru public–non-public partnerships, loans are supplied to voters to allow them pay hire advances. This intervention was once necessitated by means of the common call for by means of landlords for as much as two years’ hire upfront. While the programme has recorded an excellent mortgage restoration charge of about 99 %, the selection of beneficiaries stays a ways under the true call for.

Transportation as a Structural Cause of the Housing Crisis

Beyond housing provide and law, Ghana’s housing disaster is intently related to the rustic’s vulnerable transportation machine. Poor and inefficient shipping forces many employees to reside on the subject of their offices, particularly in Accra and different main towns. This has created over the top drive at the restricted housing inventory in city centres, pushing hire costs to unsustainable ranges.

To deal with this structural problem, govt must believe creating a high-speed or bullet educate machine connecting Accra to the more than a few regional capitals. Such a machine would allow employees to reside in additional inexpensive places whilst commuting successfully to their puts of labor. For instance, a employee may just make a selection to reside in Aflao and nonetheless go back and forth day-to-day to ministries and workplaces in Accra inside a cheap time.

The advent of a bullet educate machine would considerably cut back drive on housing in Accra and different main towns, lend a hand stabilise hire costs, and advertise balanced regional tech.

Funding the Bullet Train Project

The bullet educate venture will also be funded with robust citizen participation, supplied govt first builds public believe thru transparency and responsibility. Government will have to interact the general public on how the finances might be administered, identify a devoted account for the venture, and submit annual studies detailing inflows, expenditures, and balances.

The fund will have to be strictly ring-fenced for the bullet educate venture. Under no circumstance must the finances be diverted to software solutions the nationwide finances or any unrelated govt job. Legal safeguards will have to be installed position to make sure this coverage.

A devoted levy of GH₵1.00 on petroleum merchandise will also be offered to boost sustainable creativity for the venture. Given national gasoline intake ranges, this levy may just generate vital and predictable finances over the years.

In addition, the fund will also be securitised to boost in advance success, permitting development to start out whilst repayments are made regularly from the devoted creativity circulate.

Administration and Legal Regime

The bullet educate machine must now not be controlled without delay by means of govt. Instead, it must be operated below a strong Public–Private Partnership (PPP) association. Ghana’s revel in with state-managed shipping techniques reminiscent of Metro Mass Transit and Ayalolo buses demonstrates how political interference, abuse of place of work, and vulnerable governance buildings can undermine public investments. These screw ups will have to now not be repeated. Under this association, funding and operations must be insulated from political regulate, with transparent efficiency benchmarks and responsibility mechanisms.

Government’s position must be restricted to law, oversight, and enforcement of contractual tasks.

The operation and financing of the bullet educate will have to be subsidized by means of a devoted legislation that stops abuse, diversion, or modification of the fund for every other goal. The best permissible modification to the legislation must be the abolition of the petroleum levy as soon as all bills associated with the educate had been absolutely settled. There must be no “emergency” provisions that permit for the usage of the finances below any instances.

Strong interior regulate techniques will have to be established, together with unbiased audits, parliamentary oversight, and public disclosure necessities, to stop misappropriation and misuse of finances.

Conclusion

Ghana’s housing disaster can’t be solved thru housing insurance policies by myself. It calls for built-in making plans that hyperlinks housing, transportation, financing, and governance. A transparently funded, legally safe, and professionally controlled bullet educate machine may just develop into commuting tendencies, ease housing drive in main towns, and power long-term nationwide tech. The marketing of the sort of venture will rely now not best on infrastructure, however on self-discipline, responsibility, and political restraint.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by means of Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.