Government would ensure that workers benefit from the affordable housing project to help reduce the housing problem facing most workers in the country.
Measures would therefore be put in place to check people from buying and renting out the housing units at high prices beyond the reach of the ordinary workers.
The Minster for Water Resources, Works and Housing, Mr Hackman Owusu-Agyeman disclosed this when he inspected the site for the Koforidua component of the project.
The Koforidua project, which consists of 63 blocks of 4-storey houses containing 2,506 flats, is being constructed on a 100-acre plot.
The Minister said the housing project, which had already began in Kumasi in the Ashanti Region and Kpone in the Greater Accra Region was being funded by the government with HIPC funds.
According to him, the housing projects were self-financing with no charge on the state budget or finances, and that so far it had spent about 350 billion cedis on the projects nationwide.
Mr Owusu-Agyemang said the project have been designed to be convenient in terms of payment and access to amenities such as schools, markets and recreational centres and that the beneficiaries would pay for their houses over a period of 20 years.
The Minister indicated that, the cost of the flats had been fixed at half the price on the private market for the same type of houses and encouraged the Banks to support workers to access the facility under flexible terms of payment.
The Eastern Regional Minister, Mr Yaw Barimah said the site was initially earmarked for the construction of a Regional hospital but due to the priority attached to housing by the government, the site had to be given out.
He told the reporters that assessment of people's properties on the land had been done and a compensation of 2.3 billion cedis had been paid at figures acceptable to the property owners who were mainly farmers.
GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Mothers celebrate arrival of Christmas Day babies at Ridge Hospital
2 hours -
Alleged National Security operative remanded over GH₵1m recruitment scam
3 hours -
Sametro Group of Companies donates to widows in Tarkwa Nsuaem Municipality to mark Christmas
3 hours -
Morocco’s Family Code revision proposals unveiled in Rabat
4 hours -
Saglemi fire: No documents lost, redevelopment project unaffected – Oppong Nkrumah
5 hours -
WAEC uncertain about meeting Dec. 29 deadline for WASSCE results
5 hours -
‘She Leads Project’ calls for more female representation in politics to address women’s issues
5 hours -
DJ Promise crowned Best Radio DJ at Dangme Music Awards 2024
5 hours -
Re-collation: Court sets Dec. 27 to hear NDC’s suit against EC
5 hours -
Let’s remain positive, optimistic, and with calmness, rebrand our party – Afenyo-Markin
6 hours -
L’aîné HR celebrates 30 years of excellence in HR management in Ghana
6 hours -
Corporate Wellness: Elegant Homes emphasizes impact of Annual Health and Family Fun Day
7 hours -
BoG issues bancassurance directives to stakeholders in financial sector; warns of sanctions
7 hours -
African Paralympic Committee President sends festive greetings to fraternity
8 hours -
Ghana-Russia Centre holds its first corporate social responsibility event in Ghana
8 hours