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Chief Executive Officer of Koans Building Solutions, Kofi Anokye has questioned government on the affordability of houses built under the Affordable Housing Policy.

Re-echoing the concerns of Estate Developers during TV3’s News @10, the Ghana Real Estate Hall of Famer indicated that despite the withdrawal of privileges previously enjoyed by Estate Developers and imposition of more taxes on them by government, private developer are still building houses at far cheaper cost than government.

“At the moment, we (GREDA) are at a loss as to how government manages to build houses at far more expensive prices than we do despite the many exemptions they enjoy on tax payment and import duties compared to us who pay virtually for everything.

He indicated that “the mere fact that government cannot build cheaper than the private person calls for a deeper look into the concept of affordability, give a clear definition with cost range and build within that range.

He added that “if government cannot build within that range, then private developers willing and ready should be given the needed incentives to build within the range of affordability”

He revealed that; “whereas Estate Developers build Two Bedroom Semi-detached apartment at a cost between Thirty Thousand and Forty Five Thousand Dollars, Government is build the same houses at over Seventy Thousand Dollars under affordable housing policy”

Quizzed on effectiveness Private Public Partnership, he said “government preference to dealing with foreign developers instead of the Ghanaian Developer they are in partnership with and withdrawal of all privileges given to indigenous Developers to build at a cheaper cost calls into question the commitment on the part of government to the partnership.

The winner of Golden European Award for Quality and Business Prestige in Real Estate Sphere at the 2015 World Business Assembly’s International Socrates Award has called on government to restore withdrawn privileges to enable GREDA build cheaper and affordable houses for Ghanaians.

He added that the depreciation of the Dollar over the Cedi over the last couple of years and “the ever increasing interest rate on borrowing is killing the estate industry and the least this government can do is to at least restore previous privileges and then task as to build at really affordable prices”

“At the moment, everything points to the fact that government can’t be relied on to build affordable houses” He concluded