The United Nations Office of Project Services (UNOPS) has pledged to rally the public and private sectors in Ghana for infrastructural development, particularly affordable homes.<\/p>\n\n\n\n
Executive Director of UNOPS, Crete Faremo, made th"},"modified":"2019-08-28T16:24:20","modified_gmt":"2019-08-28T16:24:20","slug":"unops-to-rally-public-private-sectors-for-development","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/28\/unops-to-rally-public-private-sectors-for-development\/","title":{"rendered":"UNOPS To Rally Public, Private Sectors For Development"},"content":{"rendered":"
\n
The United Nations Office of Project Services (UNOPS) has pledged to rally the public and private sectors in Ghana for infrastructural development, particularly affordable homes.<\/p>\n
Executive Director of UNOPS, Crete Faremo, made the pledge on Wednesday, August 28, 2019, as Vice President Mahamudu Bawumia cut sod for the construction of a landmark 6,500 homes at Amasaman as part of the the UNOPS and Sustainable Housing Solutions (SHS)100,000 affordable housing scheme.<\/p>\n
The houses will be built on site across Ghana, saying \u201cthis is a game changer.\u201d<\/p>\n
The project, she said, goes beyond affordable housing.<\/p>\n
According to her, \u201cit will improve thousands of lives; it will provide thousands of local jobs. It will support sustainable economy.\u201d<\/p>\n
She added that the housing project demonstrates UNOPS\u2019 Social Impact Investing Initiative (S3I), which aims to attract financing from the private sector to develop projects in emerging markets.<\/p>\n
\u201cA 100,000 homes, let that figure sink in; think about it. This is a game changer, \u201d she said. <\/p>\n
\u201dWe are bridging the gap between private investment and development infrastructure. We plan to build 850,000 affordable homes, she said. <\/p>\n
The total value of the project in Ghana only is more than $5 billion, she revealed.<\/p>\n
Total Global Housing Units<\/p>\n
UNOPS is expected to build about 850,000 homes across Asia, Africa, and the Caribbean.<\/p>\n
It is the largest affordable housing scheme the world has ever seen.<\/p>\n
In Asia, India and Pakistan are the two beneficiaries while Ghana and Kenya are benefitting in Africa.<\/p>\n
Ghana, with an estimated housing deficit of over two million, which is projected to increase to 2.2 million in a few years, will receive about $5.3 billion to construct the affordable houses across the country.<\/p>\n
The new partnership will also explore new opportunities in the renewable market, with UNOPS expected to work with Energy, a subsidiary of SHS, which focuses on investments in renewable energy projects and associated infrastructure.<\/p>\n
It is the latest step in the UNOPS Social Impact Investing Initiative (S3I), which aims to attract financing from the private sector to develop projects in emerging markets.<\/p>\n
The technology is earthquake and hurricane resistant and constituent with the utilization of renewable energy and non-toxic insect-repellent properties.<\/p>\n
The concept aims at providing a \u2018turn-key solution\u2019 to reduce the current shortfall of tens of millions of decent dwellings.<\/p>\n
BY Melvin Tarlue <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"The United Nations Office of Project Services (UNOPS) has pledged to rally the public and private sectors in Ghana for infrastructural development, particularly affordable homes. Executive Director of UNOPS, Crete Faremo, made the pledge on Wednesday, August 28, 2019, as Vice President Mahamudu Bawumia cut sod for the construction of a landmark 6,500 homes at […]<\/p>\n","protected":false},"author":1,"featured_media":694075,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-694074","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"\n
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