View the costs associated with the recently announced National Affordable Housing initiative in Pokuase.
As a prerequisite for receiving funding from the Ministry of Finance, President Akufo-Addo stated that this was the first government housing project to endure a comprehensive feasibility study.
According to the revised affordable housing programme, developers are required to incorporate a significant proportion of domestically manufactured building materials, such as burnt bricks, which will be used to construct a fence wall around the project site and for some of the apartments' exterior walls.
He stated that the goal was to increase the production of affordable housing units and to create a demand side of the housing market that was accessible to all Ghanaians.
Mr. Asenso-Boakye added that, on the supply side, the government would provide free, unencumbered land and associated infrastructure, after which the private sector would be invited to construct housing units for sale at a predetermined price.
He stated that the Ministry, along with the developers, had extensively engaged the various trade unions, who had consented to purchase the housing units, and that the strategic partnership would ensure a steady demand for the housing units, thereby contributing to the overall success of the programme.