Spanish investors to setup prefab factory in Ghana

Accra, Sept. 23, GNA - A two-man business investors from Spain will arrive in the country on September 27, to explore business opportunities in the area of construction, housing and the real estate industry.

They investors, who would be in Ghana till October 4, hopes to set up a factory at Cape Coast, to provide prefabricated concrete panels for the construction of houses, offices, schools, and high rise buildings, among others.

This was contained in a statement issued in Accra on Wednesday and signed by Mr Victor Yao Apeletey, General Manager of Structurezone Ghana Limited and copied to the GNA.

It said the country was wasting a lot of valuable land, which would adversely affect the future generations, because “we are all building low houses and occupying a lot of space, instead of us building into the sky and saving a lot of land for our children”.

The statement noted that the investors have considered a lot of positive factors in the country and have decided to set up a prefabricated concrete panel factory, with the latest technology in building constructions that would compare to that of Europe, making the use of conventional block a thing of the past.

“This is because, with the discovery of oil and gas in the country, heavy infrastructure in housing and offices would take place across the country, and they must be done very fast without losing quality”, it added.

It explained that building houses, offices and skyscrapers with prefabricated concrete was far cheaper than the Ghanaian blocks.

“It is faster to build and time efficient because, a 5-bed room house can be completed in three weeks, since it was virtually built in the factory and fixed at the project site by high technology crane”.

The statement said the factory would save government, real estate companies and private builders’ money and time.

The Spanish investors would pay courtesy calls on the president, the Minister of Works and housing and the Central Regional Minister, to acquaint themselves with government policies on housing and the commitment of government to solve the high housing deficit.

It also assured the general public that it would accept potential Ghanaian investors to partner, instead of a 100 per cent foreign ownership.