F.A. Global Estate Company Kick-Starts Affordable Homes Project

Affordable Housing Project

F.A. Global Estate Ghana Limited, a Real Estate Company, based in Zenu-Adeka, in the Kpone Katamanso District has started the construction of affordable homes to help address Ghana’s housing deficit.

The first face of the project which will see to the building and completion of over hundred (100) single-storey homes commenced two months ago in the district, first of its kind in the area and is progressing steadily.

Speaking to the Chief Executive Officer of the Company, Mr Adu Francis King said “Ghanaians deserve decent accommodation with well planned infrastructures. Poor infrastructure planning has been one of the factors contributing to the congestion in the greater Accra region.”

“However, F.A. Global Estate Ghana Limited is by this project, setting the agenda for proper world class homes with the needed infrastructure development and I will encourage other estate developers to do same to lessen the burden on government,” he said.

He disclosed that the project has also helped employed the locals within the district especially the unemployed youth adding that “everything for the project is local including products in the construction so as to drive down the cost of building and ultimately the cost of houses”.

With Ghana’s housing deficit standing at 1.7 million and expected to reach 2.4 million by 2026, the young CEO called for more participation from various stakeholders to address the growing deficit.

Mr King used the opportunity to appeal to the Ghana Police Service and its sister security agencies to work with estate developers in the country with authentic documentation of their lands to eliminate the activities of land guards in the in the industry.

He noted that the incessant existence of land guards and their criminal activities especially in developing areas within the greater Accra region was a serious threat to the Real Estate industry that could further worsen the housing deficit hitting in the country.

Mr King furthered that the Real Estate industry is the only private partner that can help the government to solving the huge housing deficit in the country.

He said only individuals without proper documentations will be mobilising young men and resourcing them with all kinds of offensive weapons to cause mayhem to innocent people under the pretext of protecting their lands. This, he said, is immensely undermining law and order and must be dealt with accordingly by the police.

“The endeavour to own a house does not only give the owner peace of mind but also serves as a worthy investment. The prices of houses, unlike those of other investments, appreciate and investors in the housing sector always have value for money but now putting up a house after acquiring a piece land has now become very risky due to the existence these criminal groups which must be eliminated immediately” , he stated.

He therefore, appealed to chiefs and other custodians of land to desist from the multiple sale of land which said was the major cause of lands disputes and adhere strictly to the laws of the Ghana.

Artcle By: Cletus Abaare

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