Kwabena Ampofo Appiah, Managing Director (MD) of the State Housing Corporation Limited (SHC), has defended the government’s new affordable housing initiative, claiming that it comes at no cost to the government.
He stated that the government’s involvement in the project was to give land, horizontal construction such as roads, and then to oversee the supply of water and power.
“SHC’s role in the project is to be a developer.” We’ve just arrived to develop and sell to the general public… The government is giving us with free horizontal infrastructure for the site and the land. As a result, we are able to drastically cut our building costs, resulting in reduced rates for the general public.”
Mr Appiah told Umaru Sanda Amadu on Citi FM’s Eyewitness News on Tuesday that the new affordable housing project, which is anticipated to be finished in 14 to 18 months, will see the building of around 8,000 dwelling units.
He stated that all seven businesses involved in the construction and sale of these 8,000 housing units, including the SHC and six other private entities, will sell them at the same price.
“After completion, it will be about 8000. It is all apartment blocks, and we are doing studios, one-bedroom, two-bedroom and three-bedroom apartments,” he added.
Mr Appiah said that the one-bedroom studio would cost GH¢160,000; two bedrooms- GH¢250,000 and the three bedrooms would cost GHC¢350,000 each.
Answering to how people could reach out if they wanted some, the SHC MD said that “We already have people. A lot of the unions have already signed up to it… The caveat is that there are terms and conditions attached to it like you can’t buy more than one, and we are very strict on it.”
He also indicated that other people could also reach out for agreements to be reached and processes to begin on owning any of the apartments.
