ABSTRACT
Structural adjustment has adversely affected the cost of housing and rentals. The experience under structural adjustment has been a nightmare because of the untold hardships and sufferings both in human and material terms. The most often cited basis for the acclaimed success story in Ghana’s structural adjustment is the continuous growth in the GDP and gross national product (GNP). It is constantly suggested, since the structural adjustment programmes were introduced that the GDP or the GNP has been growing steadily between 5 percent and 10 percent. In October 1979 Ghana returned to civilian rule after successive military regimes had ruled the country from 1972. The economy before the coup was tightly monitored primarily through the use of import and export controls. The myth was created that every successful Ghanaian had cheated in order to reach his position and was therefore the enemy of the “imaginary revolution” and must be hunted and “exterminated”.
