The Managing Director of LMI Homes Limited, Kofi Adabor Ofori-Amanfo, has called for greater investment in affordable housing, arguing that Ghana’s housing market is failing to meet the needs of the majority of the population.
According to him, about 70 per cent of Ghanaians fall within the low- and middle-income bracket, yet much of the country’s real estate development continues to target high-income earners.
Speaking at a Roundtable Discussion on Channel One TV on Monday, June 15, 2026, on the theme, “Building Competitive Cities: Infrastructure, Innovation and Investment for Sustainable Economic Growth,” Mr Ofori-Amanfo said government incentives should be directed at attracting private developers into the affordable housing sector.
“It will be very good for the government to allow the private sector in that space. As we speak, Ghana has about 70% of people below the middle to low class, so the government should rather incentivise investors into that market, rather than having all of them in the high-class market,” he said.
He noted that despite the growing demand for affordable housing, developers are often drawn to luxury and high-end projects, creating a widening gap between housing supply and the needs of ordinary Ghanaians.
Mr Ofori-Amanfo argued that addressing the country’s housing deficit would require deliberate policies that make affordable housing development more attractive to investors.
Such incentives, he said, could include access to affordable financing, tax reliefs, land acquisition support, and other measures that reduce the cost of developing housing for low- and middle-income households.
He stressed that solving Ghana’s housing challenge is essential to building competitive cities and ensuring sustainable urban growth, especially as the country’s urban population continues to expand.
The 2026 Citi Business Festival is powered by Citi FM and Channel One TV in partnership with Absa Bank Ghana, and sponsored by MTN Ghana, Zonda Tec Ghana Limited and Petra Trust Company Limited.
