Business News of Wednesday, 10 March 2021

Source: rainbowradioonline.com

Resolving Ghana’s housing deficit long overdue - Akufo-Addo

A photo of an Affordable Housing project A photo of an Affordable Housing project

President Nana Addo Dankwa Akufo-Addo says his administration is still committed to embarking on its affordable housing projects.

In his State of the Nation Address delivered on Tuesday, March 9, 2021, the President said his intension is to place emphasis on resolving the housing deficit in the country.

According to him, tackling the issue was long overdue, stressing, "Mr. Speaker, it is my intention to place special emphasis on resolving the problems of the housing sector in the country because tackling the housing deficit is long overdue”.

He said: "Under housing, the Government of Ghana Affordable Housing Programme, which seeks to increase access to safe, secure, adequate and affordable housing units across the country, is continuing in earnest. Thus far, one thousand, four hundred and sixty-four housing units in Borteyman, one thousand, and twenty-seven (1,027) in Asokore Mampong, and three hundred and twelve (312) housing projects have been completed in Kpone. The Koforidua, Tamale and Wa Housing Projects have been handed over to the State Housing Company Ltd for completion.”

On Railway Development he said: "Mr. Speaker, one of the ministries created in my first term as President was the Ministry of Railways Development, and the benefits of its creation are showing. Government is mobilising some two billion dollars (US$2 billion) towards the development of railway infrastructure and services.

He continued: "To this end, Government has rehabilitated a section of the narrow-gauge Western line from Kojokrom to Tarkwa through Nsuta to facilitate the haulage of manganese from Nsuta to the Takoradi Port, and also to provide a passenger rail service along the corridor. Construction of a new standard gauge line from Kojokrom through Eshiem to Manso is ongoing. A five hundred-million-euro (€500 million) contract has been signed for the construction of a standard gauge railway line from Manso to Huni Valley, a contract which includes the conversion of the narrow-gauge tracks between Takoradi and Sekondi to standard gauge, and the development of standard gauge tracks from the Takoradi station to the Takoradi Port for efficient and effective access for cargo handling. The development of the project will result in the construction of one hundred and two (102km) kilometres of rail tracks between the Port of Takoradi and Huni Valley.

"Contracts for standard gauge railway lines from Kumasi to Kaase, Kaase to Eduadin, Eduadin to Obuasi, Eduadin to Ejisu with a linkage to the Boankra Inland Port, Manso to Dunkwa, have all been signed. The Tema to Mpakadan rail project is currently about eighty percent (80%) complete, with the rehabilitation of the Railway Training School and two (2) location workshops being completed. The Ghana School of Railways and Infrastructure Development, a school under the George Grant University of Mines and Technology, has matriculated its first batch of students, and will begin awarding certificates and diplomas in engineering and other related courses,” he concluded.