TBICL To Bridge Huge Housing Deficit Gap

An indigenous construction firm has hinted of plans of instituting an affordable housing project to bridge the huge deficit in the housing sector of the country.


Ghana’s housing deficit is currently estimated to be 1.7million units. The former Managing Director of State Housing Corporation, Dr. Mark Nii Akwei Ankrah at the launch of a home financing product of a local financial institution last August corroborated this figure.

wpid-housing.jpgHe therefore emphasized the need for a public-private partnership to resolve the country’s housing deficit which is quite impossible for government alone to tackle.

The Acting Executive Director of the Ghana Real Estate Development Association (GREDA), Sammy Ameyibor also in a recent interaction with members of the Ghana Real Estate Professionals Association (GREPA), described the Real Estate sector as experiencing a decline.

He attributed the decline to high production cost emanating from economic indicators of the country; interest rates, inflation rates, tax regime among others. He also proposed the establishment of a Bank for Housing and strong public-private partnership, particularly with indigenous firms.

Affordable Housing Project

Mr. Christopher Foe has recently announced that his company, Thywill Business and Investment Consultancy Limited (TBICL) is motivated by the difficulty of the average Ghanaian to acquire affordable homes, to venture into and make affordable housing a reality in Ghana.

According to Mr. Foe, Chief Executive Officer (CEO) of TBICL, this will be made possible when they fully implement a new technology; Gas Concrete Technology (GCT). He said this method ensures a cheaper production cost compared to the current system.

This move, he noted is to commemorate the 10 year anniversary of the company which started with just a hand full of people and but now has over 300 temporal and permanent works.

He said the company is already in talks with some partners from Europe who have started training their staff. he was hopeful of a roll out of the prototypes after all necessary processes were satisfied.

He said the materials used with Gas Concrete Technology are environmentally friendly, meets international standards and regulates room temperature, hence no need for air-conditioners.

As a result of the weight and stamina it can over 50 floors.

Quality is Key

Mr. Foe said TBICL’s policy of Total Quality Management has brought them this far, having undertaken land mark projects such as the Damango – Kpassa Water Supply System; construction of transmission works, distribution works and 120m³ and 8.5m³High Level Tanks.

Others include Dormitory Bocks, Classroom Blocks, Offices, and Apartments among others. The company has also been awarded by the Millennium Development Authority (MiDA) as the Best Most Responsive and Competitive Company among all construction firms MiDa worked with.

He said the numerous achievements over the ten years will rather spur them on to continue to be prompt, professional and move to achieve its new vision of becoming a global brand.

The Board Chairman of the Company, Prof Aheto noted that the company is now ready to go international and hence are putting measures in place to realize this vision.

Hardwork and Awards

To commemorate the ten years celebration, four of TBICL’s staff were awarded, the overall best took worker, Gbetsi Robert took home a three bedroom, followed by Japhet Foe who got a Double Cabin Refrigerator. The third person, Gabriel Atsu had A Gas Cooker while the fourth, Innocent Dzokoto won a Home Theatre.

Source: Kwadwo Duodu

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