{"id":255835,"date":"2024-11-26T12:57:32","date_gmt":"2024-11-26T12:57:32","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/26\/bawumia-commissions-1072-homes-at-kpone-breaks-ground-for-additional-800-units\/"},"modified":"2024-11-26T12:57:32","modified_gmt":"2024-11-26T12:57:32","slug":"bawumia-commissions-1072-homes-at-kpone-breaks-ground-for-additional-800-units","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/26\/bawumia-commissions-1072-homes-at-kpone-breaks-ground-for-additional-800-units\/","title":{"rendered":"Bawumia commissions 1,072 homes at Kpone, breaks ground for additional 800 units"},"content":{"rendered":"

<\/p>\n

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The Vice President, Dr. Mahamudu Bawumia has commissioned the 1,072 Kpone Affordable Housing Project, marking the completion of Phases 1-3 of the initiative.<\/p>\n

The brief event, held on Monday, November 25, 2024, also saw the Vice President breaking ground for Phase 4 of the project, which is set to deliver an additional 800 units, bringing the total number of homes in the enclave to 1,872.<\/p>\n

The project, initiated in 2006 during the tenure of former President John Agyekum Kufuor, stalled completely under the Mills and Mahama administrations due to the lack of government investment but has since seen a revival under the Akufo-Addo-Bawumia led administration delivering decent homes for Ghanaians.<\/p>\n

\"\"The vice president, in his remarks, highlighted the government\u2019s commitment to addressing Ghana\u2019s housing deficit through a comprehensive and innovative approach.<\/p>\n

\u201cThe lack of a robust, long-term mortgage has made it difficult for many prospective home orders to access affordable financing needed to realise their dream of home ownership. The housing market and the mortgage market general are so important for any economy in most of the advanced economies.<\/p>\n

\u201cWhen the housing market goes down, the economy goes down. When the economy is going down, you see it in the housing market because the mortgage market is in trillions of dollars and pounds across various advanced economies,\u201d he said.<\/p>\n

\"\"He emphasised the importance of leveraging Public-Private Partnerships (PPP) as the primary model for delivering affordable housing in Ghana, proposing a Decade of Housing Programme to reduce the country\u2019s 1.8 million housing deficit.<\/p>\n

\u201cWe have seen the year of roads and what impact we have made with it in Ghana and what I will be ushering in God willing is a decade of housing for us to address our housing needs. We have already set forth, giving our experiences with the financing model for this. It\u2019s a private-public partnership. That is the model we are going to apply, as we have done with the National Home Ownership Fund, to really solve this housing problem,\u201d he added.<\/p>\n

The Minister of Works and Housing, Kojo Oppong Nkrumah, lauded the project as a major achievement in the government\u2019s efforts to provide affordable housing.<\/p>\n

He said the delivery of phases 1 to 3 of the project is a testament to the government\u2019s unwavering commitment to bridging the housing gap in the country.<\/p>\n

\"\"\u201cPhases 1, 2, and 3 of this transformative project have delivered a remarkable 1,072 housing unit. This achievement reflects the exceptional leadership both on the side of government, TDC and the commitment, expertise, and professionalism of the contractors who brought these phases to life,\u201d he said.<\/p>\n

Oppong Nkrumah highlighted the government\u2019s broader housing achievements, revealing that since 2017, over 10,000 homes have been delivered through various initiatives. This is in addition to the over 1,000 housing for security services.<\/p>\n

The Minister further assured Ghanaians of the government\u2019s commitment to completing stalled housing projects.<\/p>\n

\u201cWe are completing the Adenta SHC flats, and we have also handed over the Saglemi stalled units to the selected private partner to finance and complete,\u201d he said.<\/p>\n

In addition to the Kpone Affordable Housing Project, Vice President Bawumia inspected ongoing works on Phases 2 and 3 of the National Housing Fund (NHF) estates nearby, which will add 534 new homes to Ghana\u2019s housing stock.<\/p>\n

Dr Bawumia reiterated the government\u2019s determination to build a vibrant and inclusive housing sector should he be given the mandate in the upcoming elections.<\/p>\n

He said the next NPP government will build on these efforts, creating thousands of jobs and significantly contributing to economic growth.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Vice President, Dr. Mahamudu Bawumia has commissioned the 1,072 Kpone Affordable Housing Project, marking the completion of Phases 1-3 of the initiative. The brief event, held on Monday, November 25, 2024, also saw the Vice President breaking ground for Phase 4 of the project, which is set to deliver an additional 800 units, bringing […]<\/p>\n","protected":false},"author":1,"featured_media":255836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-255835","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\nBawumia commissions 1,072 homes at Kpone, breaks ground for additional 800 units - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/26\/bawumia-commissions-1072-homes-at-kpone-breaks-ground-for-additional-800-units\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bawumia commissions 1,072 homes at Kpone, breaks ground for additional 800 units - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Vice President, Dr. Mahamudu Bawumia has commissioned the 1,072 Kpone Affordable Housing Project, marking the completion of Phases 1-3 of the initiative. 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