Audio By Carbonatix
Government would ensure that workers benefit from the affordable housing project to help reduce the housing problem facing most workers in the country.
Measures would therefore be put in place to check people from buying and renting out the housing units at high prices beyond the reach of the ordinary workers.
The Minster for Water Resources, Works and Housing, Mr Hackman Owusu-Agyeman disclosed this when he inspected the site for the Koforidua component of the project.
The Koforidua project, which consists of 63 blocks of 4-storey houses containing 2,506 flats, is being constructed on a 100-acre plot.
The Minister said the housing project, which had already began in Kumasi in the Ashanti Region and Kpone in the Greater Accra Region was being funded by the government with HIPC funds.
According to him, the housing projects were self-financing with no charge on the state budget or finances, and that so far it had spent about 350 billion cedis on the projects nationwide.
Mr Owusu-Agyemang said the project have been designed to be convenient in terms of payment and access to amenities such as schools, markets and recreational centres and that the beneficiaries would pay for their houses over a period of 20 years.
The Minister indicated that, the cost of the flats had been fixed at half the price on the private market for the same type of houses and encouraged the Banks to support workers to access the facility under flexible terms of payment.
The Eastern Regional Minister, Mr Yaw Barimah said the site was initially earmarked for the construction of a Regional hospital but due to the priority attached to housing by the government, the site had to be given out.
He told the reporters that assessment of people's properties on the land had been done and a compensation of 2.3 billion cedis had been paid at figures acceptable to the property owners who were mainly farmers.
GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
COPEC calls for GH¢1 petrol, continuation of GH¢2 diesel subsidy amid price surge
11 minutes -
Petrol to sell at GH¢16.26, diesel GH¢19.07 from Wednesday – COPEC
35 minutes -
Massive crowds flock to JoyNews–Republic Bank Habitat Fair on final day to explore mortgages and seek expert advice
40 minutes -
Ghana’s Alice Banaaza spotlights fugu weaving at 2026 CHAN Festival in UK
55 minutes -
Russia’s Youth Festival could unlock business partnerships and scholarships for Ghanaian youth – John Aggrey
56 minutes -
The 21st Century Gold Standard was piloted in Ghana under Bawumia – Gideon Boako
59 minutes -
Ahafo NDC Vice Chairman pays nomination fees for 168 constituency executives ahead of 2026 internal reorganisation
1 hour -
Upper West receives GH¢101.9m DACF for development projects
1 hour -
Ghana must use gold to reduce overdependence on dollar – Gideon Boako
2 hours -
Refreshed PMP certification reflects evolving demands of project delivery and the skills employers need
2 hours -
Iran war reshapes Brics ties but also exposes divisions
2 hours -
Mahama to oversee handover of right-of-way clearance for Accra-Kumasi Expressway
3 hours -
Moroccan teenager joins 1,000 young people for IFY 2026 Children’s Programme in Russia
3 hours -
ISS cooperation offers lessons for resolving conflicts on earth – Russian cosmonaut
3 hours -
Laboma demolition: 48 Engineer Regiment denies claims of no prior notice
3 hours