President Nana Akufo-Addo says government has begun a new housing project that will see the construction of 250,000 housing units across the country.
This is aimed at easing Ghana’s housing deficit which is estimated at over two million units.
“The construction of 250,000 affordable housing units across the country has begun, in addition to the completion of other affordable housing projects started by previous governments,” President Akufo-Addo said.
Projects like Saglemi housing project have remained uncompleted.
Additionally, he revealed that a National Housing and Mortgage Fund is close to being established, which will leverage private capital investment in the housing industry.
“Hopefully, these measures will help address effectively our country’s two million housing deficit,” the President indicated.
According to President Akufo-Addo, these measures are a part of public policy and public-private investments, to deliver quality, affordable social housing and private housing solutions.
The President made the remark when he cut the sod for work on the $100 million military housing project and reconstruction of the Ghana Military Academy.
The project, which will be completed in 36 months, will boast of 176 two-bedroom flats; 160 two-bedroom half compound house; 1 military hostel with 240 self-contained rooms; and 1 platoon commanders’ block, containing four two-bedroom flats.
Additionally, the project will include the construction of a Military Academy auditorium with 640 seating capacity; one-storey classroom block for the Military Academy; an administration office block with 48 offices and conference rooms for the Ghana Military Academy; and the construction of a fence wall around the entire Ghana Military Academy at Teshie, scheduled to be completed in June 2020.
Speaking at the sod cutting ceremony on Thursday, 4th July, 2019, at the Military Academy and Training Schools, Teshie, President Akufo-Addo indicated that he had been saddened by the lingering problem of inadequate housing confronting the security services, including the Ghana Armed Forces.
“In this day and age, it is unacceptable that senior military officers are allocated residential accommodation or rooms originally reserved for junior officers, with the latter housed in worse conditions,” he said.