The Social Security and National Insurance Trust (SSNIT) is to finance the completion of the housing project at Borteyman in the Greater Accra Region.
The SSNIT board has already approved GH?195 million for the completion of the 1,536 housing units which were started in 2006 but stalled in 2008 due to lack of funding.
The Minister of Water Resources, Works and Housing, Alhaji Collins Dauda, officially handed over the uncompleted housing units to the acting Director-General of SSNIT, Mr Ernest Thompson, yesterday.
The trust is expected to complete the project within 24 months and sell the units to civil and public servants at affordable prices.
The ?project, consisting of more than 4,700 housing units nation-wide, was initiated under the Kufuor administration.
The Borteyman component is made up of 744 single room and 792 two-bedroom, self-contained apartments.
Roads and drains, water and electricity and a central sewage system will be provided under the project.
All the projects, including those in Koforidua, Kumasi, Tamale, Kpone and Wa, are part of an intervention to address the housing deficit in the country.
Injection of Life
Alhaji Dauda explained that the decision to bring in SSNIT was to reinforce the government?s efforts towards addressing the 1.7 million housing deficit.
Upon completion of the Borteyman project by SSNIT, he said, other affordable housing projects across the country would be tackled.
Mr Thompson said the revival of the project would also create employment for the people.
Source Daily Graphic