President John Mahama has cut sod for the construction of 5,000 affordable housing units across the country for low and middle income earners.
The project forms part of government’s plan to reduce the housing deficit by 2016.
Speaking at the ceremony President John Mahama said government expects a significant number of the houses to be completed and delivered by Construtora OAS, a Brazilian construction firm, before end of 2016.
The president also said government was finalising a deal with the Social Security and National Insurance Trust (SSNIT), to take over the funding and completion of the 5,000 abandoned housing units in Accra, Kumasi, Wa and Tamale.
He also revealed that Ghana is in advanced talks with the Brazilian government to negotiate a 1 billion dollar master facility agreement to finance projects in the energy, transport and water sectors.
‘’I also wish to announce that we and the Brazilian government are in talks to facilitate a one billion dollar master facility agreement to finance various infrastructure project here in Ghana; this will cover the energy sector, water, transport, agriculture and so many other things that the government is committed in investing in.’’
This adds to several partnerships between the two countries with the latest being a 74 million euros Brazilian government loan to fund a three-tier interchange at the Kwame Nkrumah Circle in Accra .
By: Evans Effah/citifmonline.com/Ghana
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Mahama cuts sod for 5,000 affordable housing units
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