Real estate must go beyond land, buildings — Housing Minister
The Minister of Works, Housing and Water Resources, Kenneth Gilbert Adjei, has declared that Africa’s next housing and urban development must deliver affordability, liveability and resilience.
He, therefore, urged stakeholders to rethink real estate beyond land and buildings, adding that innovation must not come at the cost of identity.
Speaking at the inaugural Africa Real Estate Festival (AREF) 2026 in Accra last Saturday, he said, “real estate is about the spaces where people live, work and connect. It influences safety, dignity, productivity and social cohesion, while also reflecting our cultural identity. In essence, real estate is about place, not just property,” he said.
he two-day event brought together state regulators, diaspora investors and industry titans on the theme: “Innovation Meets Identity: Designing Africa’s Next Living Experience.”
It was organised by AREF in collaboration with Nilex Properties, Goldkey Properties, the Ministry of Works and Housing and the Real Estate Agency Council (REAC).
Private sector
Mr Adjei stated that in Ghana, the private sector delivered nearly 90 per cent of housing, according to the Ghana Statistical Service.
“The government alone cannot close the housing gap. We, therefore, call on the private sector to scale up investment, adopt innovative delivery models and align with national housing priorities,” he added.
He outlined a series of government policies and reforms aimed at transforming the housing sector, such as repositioning the National Affordable Housing Programme to support large-scale, mixed-income housing through public-private partnerships and decentralising housing delivery so that every district contributes to reducing the national deficit.
According to him, the Rent Act was under review to improve fairness, strengthen tenant protection and create a more stable rental market.
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Kevin Wels
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