Francis Asenso-Boakye, the Minister of Works and Housing, has pushed SuCasa Properties, a real estate developer, to expand its affordable luxury housing projects outside of Accra and into other parts of the nation.
Mr. Asenso-Boakye asked SuCasa Properties to "expand your project to the outskirts of Accra to the other areas" during a courtesy call to obtain government backing and collaboration for the construction of affordable luxury housing infrastructure.
The minister added that his ministry was considering a partnership in which the developer would build two-bedroom homes at the Nsawam enclave for a maximum of US$30,000, with the state covering 40% of the development costs by providing the government's unencumbered lands and the developer paying the remaining 20%.
SuCasa Properties Ltd. recently opened phase one of the No. 1 O'Grantson Communities in East Legon Hills, a development with 2,000 homes, as a sign of its dedication to the national affordable housing strategy.
The project's sod-cutting ceremonies for phases two and three were also held during the occasion.
SuCasa's Chief Executive Officer (CEO), Michael O'Grantson-Agyapong, welcomed the minister's challenge and said the business has ambitions to grow in other areas.
In our business estimate and expectations, SuCasa is already positioned for additional regions, he said.
Experience
The Minister was shown a new campaign by Mr. O'Grantson's organization, Agyapong, dubbed the SuCasa Real Estate Experience.
According to him, the campaign included a worldwide trip to organize real estate conferences and promote investment prospects in Ghana for foreign direct investment and interactions with the diaspora.
He clarified that the Ministry of Commerce and Industry and its associated agencies will be among the important parties involved in the organization of the investment opportunity awareness creation.
He continued by saying that the exhibition was a component of the government's public-private partnership effort engagements for economic growth and development to foster trust and confidence among the expatriate community and encourage judicious investment in Africa by respectable entrepreneurs.
The World Bank
Remittances to sub-Saharan Africa increased by 5.2% to $53 billion in 2022, according to data from the World Bank, underscoring the potential contribution of diaspora investments to the continent's economic growth.
It is anticipated that the number of people living in poverty in the United States will increase by 2025.
This suggests that money invested in Africa by the diaspora might possibly change the continent's economic fortunes for the better.
blogpay
Total Comments: 0