Government has announced that the Joint Venture (JV) arrangement for the Saglemi Affordable Housing Project has been concluded among all parties and is expected to be formally executed in the coming weeks.

The announcement was made by Minister for Works and Housing, Gilbert Adjei, during his presentation at the Government Accountability Series on Wednesday, January 28.

He said the ministry is actively taking steps to complete stalled affordable housing units across the country.

“My ministry has intensified engagement with the selected developer for the completion of the Saglemi Affordable Housing Project. Following the completion of the developer selection process led by Deloitte Ghana, the head of terms has been duly signed by both parties,” the Minister said.

He added that the joint venture arrangement, as well as the shareholders’ agreement, has been drafted and mutually agreed upon. “The document is currently with the Attorney General for review and finalisation,” he noted.

Mr Adjei also highlighted progress on other government housing projects managed by the State Housing Company Limited (SHC). “Similarly, SHC continues work on key projects, including the surge homes development at Amrahia and the SHC Gardens project. Both projects are currently at 68% and 70% completion, respectively,” he said.

The Minister further highlighted the work of the National Home Ownership Fund, which supports affordable housing through construction financing.

“National Home Ownership Fund continues to make significant progress in expanding access to affordable housing for Ghanaians,” he said.

“Through its construction financing support, the fund has completed 129 housing units at Tema Community 22, which are awaiting commissioning.”

Recognising the critical role of rental housing in national development, Mr Adjei said the ministry is reviewing the Rent Act of 1963 (Act 220) and the Rent Control Law of 1986 (PNDC Law 138).

“These reforms aim to modernise outdated legislation, eliminate regulatory bottlenecks, and incentivise private sector investment into rental housing. Key priorities include maintaining tenant protections, especially for low-income and vulnerable groups, while also regulating hostel accommodation fees across the country,” he explained.

Towards the end of 2025, the National Rent Committee was organised to validate and streamline the proposed amendments. The ministry is now taking the necessary steps to resubmit the revised bill to Cabinet and subsequently to Parliament for consideration and approval.