Oyibi, Nov. 14, - President Nana
Addo Dankwa Akufo-Addo on Tuesday cut the sod for work to commence on the
construction of 2000 affordable housing units at the Appolonia City Housing
Project Site at Oyibi near Accra.
The project, which begins with
the construction of an initial 100 units, is a joint venture between the Ghana
Home Loans and the chiefs, leaders and residents of the Appolonia Community
that would lead to the development 2000 homes on a total land size of 160
acres.
Prices for the housing units would start from
45,000 dollars to enable families with median incomes to access quality homes.
President Akufo-Addo, in an
address, said government recognised the need for Ghanaians to own their homes,
noting that the project was in line with its vision of leveraging on
appropriate public policy and private-public investment to deliver quality
affordable social housing for Ghanaians.
With a housing deficit of over
1.7 million units, the President said the Appolonia City Project was one of the
several initiatives to be introduced along the housing value chain to achieve a
cost effective, efficient and sustainable housing sector.
He said it was heart-warming that
the Appolonia Community had a stake in the project, and urged other communities
to emulate the initiative.
“It is a model I want to
encourage everyone to emulate,” the President urged.
The President assured the private
sector that his government would provide the enabling environment for
businesses to flourish to drive its vision of rapid infrastructural
development.
He further gave the assurance
that government would ensure that the project's challenges are addressed, and
called on the project owners to observe strictly the rules and regulations of
the sector and of the country.
“We are on the threshold of
something remarkable in Ghana and I am pleased that we have those involved in
the Appolonia City project as partners in our country’s exciting journey,” he
said.
Mr Bright Owusu-Amofah, the Chief
Executive Officer of Appolonia City, said the project was setting the agenda
for a world-class affordable urban development.
He was upbeat that it would
improve the housing deficit in the country, calling on government to expand the
Adenta-Dodowa Road to enable easier commuting and transportation of goods and
services on that corridor.
The first 100 units of the
project is expected to be completed within 18 months.
GNA
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