This initiative marks a critical step forward in the nation’s efforts to provide affordable housing for its citizens.

The land allocation by the Asantehene underscores the importance of collaboration between traditional authorities and government agencies in tackling pressing social issues.

The State Housing Company’s Managing Director, Kwabena Ampofo Appiah, expressed gratitude for the support, highlighting the potential impact on the country’s housing landscape.

“This land will enable us to build a robust affordable housing scheme that will be accessible to all citizens,” Appiah stated.

He emphasized the importance of this initiative in reducing the housing deficit, which has been a longstanding challenge in Ghana.

The planned housing project will be part of a broader government strategy to make homeownership attainable for more Ghanaians.

Appiah assured that the government’s mortgage finance program is designed to be inclusive, providing an opportunity for every Ghanaian to own a home through the State Housing Company.

This financial mechanism is expected to make the housing units affordable and accessible to a wide segment of the population.

The development of the 200-acre site at Dedesua is not just a housing project; it is also expected to spur economic growth in the region.

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The housing units according to SHC’s Managing Director, Kwabena Ampofo Appiah are to take care of the country’s housing deficit which he said stands at about 2 million.

According to SHC boss, a number of housing projects have been undertaken with the aim of reducing to it’s barest minimum the existing deficit.

Mr Ampofo Appiah who was speaking in an interview on Adom FM’s Dwaso Nsem with host CJ Forson Thursday said housing units built by his outfit were more affordable compared to what was offered by private estate developers. 

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He gave the cost of one bedroom fully furnished apartment as GHS 110,000, which is the minimum in the ranges with GHS 990,000 being the maximum cost of any housing unit built by the SHC.

The houses, he said, vary from a 1 bedroom to a 4 executive bedroom. 

He urged Ghanaians to patronise the SHC’s housing units as they were priced far lower than those built by private companies. 

He disclosed also that buyers had the option of paying for their preferred houses in installments for 25 years, using mortgaged arrangements.