Government has signed an agreement with Solin, a Hungarian private company, to construct 10,000 housing units in Ghana at an affordable price using a polystyrene concrete technology.
The project seeks to bridge the country’s housing gap and provide fast and cost effective affordable houses for Ghanaians.
It will also pave the way for many factories to be built across the country, which will feed the construction companies with the materials for the building.
At a sod-cutting ceremony and commissioning of a sample 3-bedroom housing unit at the Spintex road in Accra under the project, Minister for Works and Housing, Samuel Atta Akyea, gave the firmest assurances that there will be ‘no governmental bureaucracy’ in the way of the project.
The project is dubbed Rapid Housing Technology.
He said this affordable housing project could not have come at a time when the country was faced with a housing deficit of 1.7 million units.
“We cannot have a sane society if people do not have a decent home of abode,” he said
The Minister who is also the member of parliament for Abuakwa South said providing housing for all has been the headache of the Akufo-Addo administration, hence described the intervention by Solin as a ‘miracle’ of a sort.
Government, he said, will create a mortgage regime that will make it affordable for Ghanaians to own houses.
He, therefore, encouraged Ghanaians to lend their support for the success of the project, cautioning against any propagandist tendencies.
“We should embrace this modern technology with so many prospects for Ghana as it will help wipe our housing deficit,” he said.
Mr Atta Akyea said the project will have a factory component and that will dovetail into President Nana Addo Dankwa Akufo-Addo’s One District, One Factory (1D1F) project that is aimed at providing employment for Ghanaians.
He commended the Hungarian government, Solin and Sino Africa Development Company for the initiative.
For his part, Ambassador of Hungary to Ghana, András Szabó, said the project could not have come to fruition without the support of government of Ghana and Sino Africa Development Company Limited.He explained that the project is a Public Private Partnership (PPP) with the government of Ghana with Solin mandated to finance and build affordable housing units for Ghanaians which will subsequently be absorbed by government to citizens on flexible and affordable terms.
Meanwhile, the developer and technology provider, Solin, has identified a local partner, Sino Africa Development Company Limited, a construction company, to undertake all civil works to meet the local construction standards and also transfer the technology to the local partner.