President Mahama cuts sod for Green City Housing Project in Kumasi

President John Dramani Mahama has cut the sod for the Green City Housing Project at Dedesua in Kumasi, describing the initiative as a major step in Ghana’s evolving housing agenda aimed at delivering affordable and dignified housing for citizens.

Addressing dignitaries at the sod-cutting ceremony, President Mahama said Ghana’s housing deficit, currently estimated at more than 1.5 million units, requires urgent and decisive intervention in the face of rapid urbanisation, rising construction costs, and limited access to affordable financing.

The President noted that the government’s Reset Agenda is focused on rethinking the delivery of housing, infrastructure, and economic opportunities, stressing that decent housing must be treated as a right rather than a privilege reserved for a few.

He outlined several housing interventions being pursued by the government, including the completion of the Saglemi Affordable Housing Project, the rollout of district-level social housing initiatives, and a low-cost housing scheme for public sector workers in partnership with organised labour and financial institutions.

President Mahama also announced plans to establish a GH¢3 billion revolving housing fund involving the government, organised labour, the Social Security and National Insurance Trust (SSNIT), and financial institutions to support long-term mortgage financing for workers.

He emphasised that houses under the scheme would be priced in cedis rather than dollars to protect homeowners from exchange rate fluctuations.

The President further highlighted the government’s commitment to reforming the rental housing sector and improving affordability while ensuring fairness and dignity for tenants across the country.

Commending Otumfuo Osei Tutu II for making the 200-acre parcel of land available for the project, President Mahama said the Green City Housing Project would deliver more than 1,000 housing units within an integrated and environmentally sustainable community.