Mr John Tettey, Deputy Director at the Ministry of Water Resources, Works and Housing, on Tuesday confirmed that the Ghana Housing Policy Bill will be ready by the end of the year.
"Currently, the policy is in its final stages and will be submitted to Parliament by December," Mr Tettey said at a media briefing ahead of the Conference for Housing Excellence in Accra.
The Deputy Director stated that the lack of finance to support low income earners had been the major challenge in reducing the housing deficit which currently stands at 1.7 million.
He said action needed to be taken immediately to reduce the deficits.
The Managing Director of Consult ASH, a market leader of social housing and regeneration services, Ms Helen Ankrah stated that they had instituted an annual conference to bring together professionals in the industry to deliberate and debate on issues affecting the delivery of housing.
She noted that the first Conference for Housing Excellence will be held from November 7 to November 9, on the general theme: "Building Skills and Capacity for a sustainable housing delivery in Ghana".
The conference would be used to build the capacity and skills development in the real estate sector.
Ms Ankrah said the Ghana Institute of Housing and the Housing Resource Center will offer the opportunity to potential professionals to learn and improve their skills in order to influence policy change.