The Association of Building and Civil Engineering Contractors of Ghana (ABCECG) is advocating for a nationwide affordable housing scheme specifically designed for young Ghanaians who contribute to the Social Security and National Insurance Trust (SSNIT).
The association believes that young SSNIT contributors deserve access to affordable housing under a structured rent-to-own arrangement.
In an interview with The High Street Journal, President of ABCECG, Ing. Anthony Klutse said there is the urgent need for a pragmatic approach to homeownership for young workers. He noted that despite their regular SSNIT contributions, many young Ghanaians struggle to afford homes due to high property costs.
“Everybody in Ghana who pays SSNIT and who is a young person, ready to own an affordable must be supported. It can be rent to own for 20 years. If you are capable of paying and if the value is very reasonable, why not? All those things, we have to do it because if it’s low cost and if you are paying SSNIT, you should be able to benefit from this,” Ing. Klutse asserted.
He stressed that the initiative should not be concentrated in Accra and Kumasi but should extend across all districts to ensure equitable access.
“We don’t want this in Accra. We have to spread all over Ghana. We will be failing ourselves to concentrate this in Accra and Kumasi, We are coming up with an idea and the design and the cost. We want it in all the districts of Ghana,” he told The High Street Journal.
Ing. Klutse revealed that the association is currently developing a comprehensive design and cost structure for the initiative. ABCECG plans to present a proposal to the government, outlining how the housing scheme can be implemented in a sustainable and efficient manner.
Association further reiterated its commitment to collaborating with the government to tackle Ghana’s housing deficit. With a vast network of industry experts and resources, the association believes it is well-equipped to lead this initiative efficiently and cost-effectively.
If implemented, this initiative could transform homeownership in Ghana, allowing young SSNIT contributors to secure homes without the burden of high upfront costs. It would also enhance financial security, create long-term economic benefits, and promote balanced urban development across the country. Ing. Klutse urged the government to prioritize this policy and work closely with industry stakeholders to ensure its successful rollout.
