{"id":648038,"date":"2019-07-01T12:36:16","date_gmt":"2019-07-01T12:36:16","guid":{"rendered":"<br><div>\n            <div class=\"td-post-featured-image\"><figure><a href=\"https:\/\/www.adomonline.com\/wp-content\/uploads\/2019\/06\/20190627_105648-1.jpg\" data-caption=\"The Ningo-Prampram District Assembly will from July this year start a Land and House Owne"},"modified":"2019-07-01T12:36:16","modified_gmt":"2019-07-01T12:36:16","slug":"us4-8bn-ningo-prampram-planned-city-extension-project-in-the-offing","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/07\/01\/us4-8bn-ningo-prampram-planned-city-extension-project-in-the-offing\/","title":{"rendered":"US$4.8bn Ningo-Prampram Planned City Extension Project in the offing"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><a href=\"https:\/\/www.adomonline.com\/wp-content\/uploads\/2019\/06\/20190627_105648-1.jpg\" data-caption=\"The Ningo-Prampram District Assembly will from July this year start a Land and House Ownership Scheme\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"528\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/cdn.ghanamma.com\/2019\/07\/20190627_105648-1-696x528.jpg\"   alt=\"\" title=\"20190627_105648 (1)\"\/><\/a><figcaption class=\"wp-caption-text\">The Ningo-Prampram District Assembly will from July this year start a Land and House Ownership Scheme<\/figcaption><\/figure>\n<\/div>\n<p>The Ningo-Prampram District Assembly (NiPDA) will,<br \/>\nfrom July this year, start a Land and House Ownership Scheme under the Planned<br \/>\nCity Extension Project aimed at providing up to 500,000 affordable houses and<br \/>\nserviced plots across the district and adjoining districts. <\/p>\n<p>The project, which is under the auspices of the<br \/>\nMinistry of Local Government, with support from the UN-Habitat, is estimated to<br \/>\ncost US4.8 billion and be completed within the next 20 years. <\/p>\n<p>According to the District Chief Executive, Jonathan<br \/>\nTei-Doku, the housing units to be provided, will range from apartments<br \/>\nbuildings, to semi-detached and fully detached homes, which will be sold on<br \/>\nrent-to-own basis over the 20-year instalment period.<\/p>\n<p>This, he said, is to make it convenient for lower to<br \/>\nmiddle income earning Ghanaians, particular those who hail from Ningo-Prampram<br \/>\nto easily own homes.<\/p>\n<p>\u201cAs part of its objectives, the project has<br \/>\npositioned itself to help address the acute shortage of descent affordable<br \/>\naccommodation for the lower and middle income groups with adequate<br \/>\ninfrastructure and services,\u201d the project document available to Adom News said.\n<\/p>\n<p>In addition to the houses to be built by the private<br \/>\nreal estate developer partner of the Assembly, there would also be fully<br \/>\nserviced plots, which would also be sold on same terms, but buyers would be<br \/>\nrequired to build homes consistent with standards and specifications of the<br \/>\nproject.<\/p>\n<p>The project\u2019s main objective is to have a fully<br \/>\nplanned out City-District to prevent haphazard development and sprawling of slums<br \/>\nas in other parts of Accra. <\/p>\n<p>Its key strategy is to unlock land values to finance<br \/>\ninfrastructure and improve revenue collection by the Assembly through<br \/>\nbetterment levies pursuant to Section 12 (3), Section 208 (1) &amp; (2) and<br \/>\nSection 209 (1) and (2) of the Local Governance Act, 2016, (Act 936) with<br \/>\nAmendment (Act 940).<\/p>\n<p>The project is expected to be done in phases after<br \/>\nthe completion of the development and design of the Master Plan and all<br \/>\nengineering studies and designs, which includes integrated infrastructure<br \/>\nmasterplan, comprising Roads and Drainage Masterplan, and similar plans for<br \/>\npower, water and telecommunications.\u00a0 <\/p>\n<p>Project Manager, Danny Ohene Aidoo told Adom News<br \/>\nthe intention is to \u201cmake Ningo-Prampram and the north eastern part of Accra<br \/>\nthe hub of West Africa trade, finance, aviation, tourism and urban agriculture,<br \/>\nby servicing the 126sqkm area with first class vital infrastructure such as<br \/>\nroads, drains, sewerage, fibre optics outlay, streetlights and more.\u201d <\/p>\n<p>He said this offers an unprecedented opportunity to<br \/>\naddress rapid urbanization in Ghana, making efficient use of land while<br \/>\nprotecting environmentally sensitive areas and agricultural lands. <\/p>\n<p>According to him, as part of the project, the<br \/>\nProject Management Centre (PMC) has created land banks, where several land<br \/>\nowners (families and individuals) have pledged their lands for participation in<br \/>\nthe project after several stakeholder meetings since 2014. <\/p>\n<p>He said the Assembly has \u201cno objection\u201d and advice<br \/>\nfrom the Ministry of Local Government and Rural Development and the Ministry of<br \/>\nFinance\u00a0 respectively to proceed with its<br \/>\nLand and House Ownership Scheme (LAHOSE) for the purposes of achieving the objectives<br \/>\nof the project. <\/p>\n<p>Litigation-free lands<\/p>\n<p>The Project Manager assured prospective clients that<br \/>\nlands so acquired under the scheme, are all litigation-free and have been<br \/>\ncarefully selected and duly negotiated based on the projects objectives, and<br \/>\ncovered by agreements. <\/p>\n<p>\u201cSo far we have over 20,000 acres of land spread<br \/>\nacross the entire district and adjoining districts for this project and so we<br \/>\nare confident we can provide between 300,000 to 500,000 houses and fully<br \/>\nserviced plots, which would include two-bedroom and three-bedroom flats,<br \/>\ntwo-bedroom and three-bedroom fully detached and semi-detached houses,\u201d he<br \/>\nsaid.<\/p>\n<p>Private-led model<\/p>\n<p>Danny Ohene Aidoo explains that the project will be<br \/>\nprivate-sector-led, and the reason is to eliminate political risks and yet<br \/>\nreceive all the support from both the local and central government.<\/p>\n<p>\u00a0The<br \/>\ndevelopers are LAHOSE GH LTD and its partners, SRAM &amp; MRAM, Top<br \/>\nInternationa Engineering Ltd and Daystar Communities. <\/p>\n<p>\u00a0\u00a0\u201cThe project engineering consortium,<br \/>\ncomprising of top and seasoned Ghanaian engineers,<\/p>\n<p>\u00a0\u00a0\u00a0 architects<br \/>\nand planners led by Watertech Ltd have already begun strategic and technical<\/p>\n<p>\u00a0\u00a0\u00a0 meetings<br \/>\nas part of the preparatory activities,\u201d the Project Manager said.<\/p>\n<p>He is confident, that unlike previous similar<br \/>\nprojects, which were state-led which had several challenges, the<br \/>\nprivate-sector-led model would guarantee success and would reduce the over two<br \/>\nmillion national housing deficit by a considerable percentage.<\/p>\n<p>Affordability<\/p>\n<p>In terms of cost per unit, Danny Ohene Aidoo said<br \/>\none-bed room flat would go for GHC 750, two-bedroom in a flat would go for<br \/>\nabout GHC1,080 a month for 20 years, while a three-bedroom in a flat goes for<br \/>\nGHC1,200 a month for same period, at the end of which the tenant becomes the<br \/>\nowner. <\/p>\n<p>He also said the two bedroom fully detached houses<br \/>\nwill go for GHC1,500 a month for 20 years, while three-bedroom fully detaches<br \/>\nhomes go for GHC1,775 a month for same period. <\/p>\n<p>\u201cServiced plots of land would also go for GHC14 a<br \/>\nday, which comes about GHC409 a month for 20 years and the buyer becomes the<br \/>\nowner. Other terms and conditions apply\u201d he said.\u00a0\u00a0 <\/p>\n<p>Local content and jobs<\/p>\n<p>The project document noted that about 70 per cent of<br \/>\nthe houses and other infrastructure are expected to be provided by local<br \/>\nindustry players and that is expected to create at least 50,000 jobs in total. <\/p>\n<p>Danny Ohene Aidoo said interested persons can apply<br \/>\neither via the project website, or on the project App on both Google Play Store<br \/>\nand Apple Store or pick forms at various designated points like CAL Bank, GCB<br \/>\nBank, Republic Bank, Stanbic Bank and Ghana Post at a cost of Ghc 499.<\/p>\n<p>\u201cApplicants can also apply and payment made for<br \/>\nregistration by dialing the Short Code *789*987# and follow prompts,\u201d he said.<\/p>\n<p>According to him, applicants have a maximum of two months to commence payment of their monthly rentals, while the project managers also have an obligation to deliver properties within a maximum of 48 months.<\/p>\n<p><strong>Source: Adomonline | Samuel Dowuona | Adom News<\/strong><\/p>\n<p><button class=\"simplefavorite-button has-count\" data-postid=\"1678585\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorite <i class=\"sf-icon-star-empty\"\/><span class=\"simplefavorite-button-count\" style=\"\">0<\/span><\/button>        <\/div>\n<p><script>\n  window.fbAsyncInit = function() {\n    FB.init({\n      appId      : '401391866884571',\n      xfbml      : true,\n      version    : 'v3.3'\n    });\n    FB.AppEvents.logPageView();\n  };<\/p>\n<p>  (function(d, s, id){\n     var js, fjs = d.getElementsByTagName(s)[0];\n     if (d.getElementById(id)) {return;}\n     js = d.createElement(s); js.id = id;\n     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n     fjs.parentNode.insertBefore(js, fjs);\n   }(document, 'script', 'facebook-jssdk'));\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ningo-Prampram District Assembly will from July this year start a Land and House Ownership Scheme The Ningo-Prampram District Assembly (NiPDA) will, from July this year, start a Land and House Ownership Scheme under the Planned City Extension Project aimed at providing up to 500,000 affordable houses and serviced plots across the district and adjoining [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":648039,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-648038","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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