A leading real estate company, SuCasa Properties Limited in a bid to provide affordable housing units for Ghanaians, has commissioned phase one of SuCasa O’Grantson No.1 Community in East Legon Hills.
The opening, which was held on February 17, 2023, also served as a sod-cutting ceremony for phases two and three of the project.
Speaking at the ceremony, the Chief Executive Officer (CEO) of SuCasa, Michael O’Grantson-Agyapong noted that the company’s sole objective is to address the housing infrastructure deficit through the provision of affordable housing units to Ghanaians.
“As a business, we consciously maintain affordable housing prices because we believe that affordable housing should be available to every Ghanaian. SuCasa’s big vision is to build 2000 houses by the end of 2023. We expect to complete the two O’Grantson Community projects in March and commission in April and complete phase three by the end of the year,” he said.
Minister of Works and Housing, Hon. Francis Asenso-Boakye (MP) in his keynote speech said:
“The implementation of this project is a confirmation that the desired environment has been created by the Government to attract private sector investment to the housing sector. The Government recognizes the importance of investment in this regard.
industry, because it holds the key to the sustainable development of our beloved country. Indeed, the industry contributes to the socio-economic development of our country by providing significant employment opportunities to skilled and unskilled labour.
He also commended SuCasa for doing business in Ghanaian cedis.
“I am very happy to know that the company is trying to transact business in Ghana Cedi, which it has
great benefit to our local economy and also ensure compliance with Bank of Ghana regulations,” he said.
He used the opportunity to list some of the initiatives the NPP government has taken to transform the housing industry.
“My ministry is now focused, among other things, on reviewing and establishing legislation and dealing with it
institutional gaps, to create a suitable platform for best practices in the industry.
For this reason, the Ministry of Works and Housing, has initiated the process to establish the Ghana Housing Authority,
which will have the mandate to manage, plan and manage housing development in Ghana, in collaboration with private sector developers.
In addition, the Rent Act, 1963 (Act 220) (as amended), which was passed by Parliament some Sixty (60) years ago and
has, therefore, outlived its relevance due to rapid urbanization, and population growth, among other things, is undergoing an extensive review to reflect modern trends and dynamics in the housing sector,” he said.
The event was also attended by Nii Laryea Afotey- Agbo, Samuel Amegayibor, Senior Management and Staff of SuCasa, among other dignitaries.
Source: Peacefmonline.com
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