Woes of Ghanaians getting affording comfortable shelter will be minimised with the launch of a housing project in Appolonia.
President Akufo-Addo made this known when he launched the construction of 2000 housing units at the Appolonia City, yesterday in Accra.
The president indicated that this forms part of government’s agenda to providing affordable housing units across the country with the aim of reducing the housing deficit which is estimated to be around 1.7 million units.
Speaking at the groundbreaking ceremony at Appolonia, President Akufo-Addo was optimistic that the construction of the facility will mark a giant step towards easing the housing burden by providing affordable houses for the ordinary Ghanaian.
He stressed his administration’s commitment to ensuring that the private sector was ably supported to encourage more of such initiatives.
Disclosing the rationale for his visit to the site, the president emphasised: “I am here this morning because the project is in line with government’s vision of using an appropriate mix of public policy and public-private investment to deliver quality, affordable social housing, and private housing solutions that meet the needs and financial capacity of the ordinary Ghanaian.”
“Government recognises the dreams of every Ghanaian to own a home and at least to have a decent rental accommodation. With a housing deficit of over 1.7 million units, the Appolonia City project is one of several initiatives that will be introduced along the housing value chain to attain an efficient, effective and sustainable housing sector,” he asserted.
President Akufo-Addo expressed excitement at the prospect of job creation and skills transfer that the 2000 housing unit construction offers to the city of Appolonia, stressing that “with the construction of the first hundred homes beginning this month, I’m happy to note that the Apollonia community is a shareholder within Appolonia City.
Constructors of the project are to provide employment and skills training to members of the Apollonia City. It is a laudable initiative, a model I want to encourage others to emulate,” he added.
Addressing the gathering, founder and CEO of Rendeavour, the holding company of Apolonia City, Stephen Jennings, commended government for initiatives “such as Affordable Housing Project and the Ghana Land, Services and Citizenship Programme. The government’s pace is rapid and commitment to its citizens resolute.”
He also lauded the government, adding that “in our meetings with all areas of government, we observe an impressive readiness to encourage private sector investment. Ghana today can be held as an example to other countries in Africa.”
The Appolonia City enclave is being developed for residential properties, retail and commercial centres such as schools, healthcare and other social infrastructure. It is expected to contain about 88, 000 residents upon completion.
The project is a joint venture with Ghana Home Loans aimed at developing 2000 affordable homes for ordinary Ghanaians with price starting from $45,000.
The first 100 homes are expected to be completed within the next 18 months.