Rédaction Africa Links 24 with Ghanaian Times
Published on 2024-04-18 14:00:00
The Ministry of Works and Housing has issued a call for investors to submit proposals to revive the Saglemi Affordable Housing Project in the Greater Accra Region, aiming to deliver 1,506 housing units. This initiative seeks to engage experienced local and international entities or investors to efficiently complete and operationalize the project, addressing the housing deficit.
During a press briefing in Accra, Minister Kojo Oppong Nkrumah expressed the government’s desire to transition towards private sector involvement in the project. The government is seeking innovative proposals that balance socio-economic impact and financial feasibility. This strategic shift aims to leverage the private sector’s capabilities to maximize resources and expedite completion.
Prospective investors must have experience in large-scale housing projects, strong financial backing, and technical competency to bid. Only limited liability companies are eligible to participate. A member of the technical working group committee, Mr. Foster Osae-Akonnor, provided an overview of the project’s progress, mentioning that 1,506 housing units are at various stages of completion on 2,172.5 acres of land acquired for the project.
The Saglemi Housing Project, launched in 2012, aims to provide affordable housing and create a master-planned community. However, the project faced controversy after a change in government, with allegations of embezzlement leading to incomplete and uninhabitable housing units. Former government officials and contractors faced criminal charges for willfully causing financial loss to the state.
The government is now seeking investors to revive and complete the Saglemi Affordable Housing Project to fulfill its original goal of addressing Ghana’s affordable housing needs. This initiative represents a shift towards private sector involvement and innovation in addressing the housing deficit in the Greater Accra Region. With the potential for economic growth and social impact, the project aims to create a comprehensive community development with high-quality housing units and infrastructure.
By inviting proposals from experienced and reputable investors, the Ministry of Works and Housing is looking to efficiently realize the housing objectives set out by the Saglemi Affordable Housing Project. The government’s strategic decision to leverage private sector expertise and capital demonstrates a commitment to finding innovative solutions to complex challenges like affordable housing.
In conclusion, the call for investors to revive the Saglemi Affordable Housing Project presents an opportunity for collaboration between the public and private sectors to address Ghana’s housing deficit. By engaging experienced entities with the necessary resources and expertise, the project aims to deliver quality housing units and contribute to community development in the Greater Accra Region. It is a step towards realizing the project’s original goals and providing affordable housing solutions for Ghanaians.
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