Government of Ghana 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 is expected to bridge the housing deficit in the country and provide affordable housing for Ghanaians.
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, assured Ghanaians there would be bureaucracy.
The project is dubbed Rapid Housing Technology.
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.
He used the occasion to admonish Ghanaians to support the project to ensure it succeeds.
“We should embrace this modern technology with so many prospects for Ghana as it will help wipe our housing deficit,” he said.
On 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.
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.