…unveils O’Grantson No.1 Community at East Legon Hills
A leading real estate company, SuCasa Properties Limited, in a bid to provide affordable housing units for Ghanaians has inaugurated phase-one of the SuCasa O’Grantson No.1 Community at East Legon Hills. The project is a 2,000 housing unit development.
The unveilling was held on the 17th of February 2023, and also served as the sod-cutting ceremony for phases two and three of the project.
Speaking at the ceremony, Chief Executive Officer (CEO) of SuCasa, Michael O’Grantson-Agyapong, noted that the company’s sole aim is to tackle the housing infrastructure deficit through the provision of affordable housing units for Ghanaians.
“As a business, we are consciously keeping the prices of our houses affordable because we believe affordable housing is a must-have for every Ghanaian. The grand vision of SuCasa is to build 2,000 houses by close of 2023. We expect to complete phase-two of the
O’Grantson Community project in March and commission it in April, and then complete phase-three by end of the year,” he stated.
The Minister for Works and Housing, Francis Asenso-Boakye (MP), in his keynote speech said: “The commissioning of this project, is a confirmation that the desired environment is being created by government to attract private sector investments into the housing sector. Government recognises the importance of investing in this industry, as it holds the key to sustainable development of our dear country. Indeed, the industry contributes to our country’s socio-economic development by providing significant employment opportunities for both skilled and non-skilled labour”.
He also commended SuCasa for conducting business in the Ghanaian cedi.
“I am particularly happy to learn that the company endeavours to transact business in the Ghana cedi, which has enormous benefits for our local economy and also ensures compliance with Bank of Ghana regulations,” he stated.
He used the opportunity to enumerate some initiatives the NPP government has undertaken to transform the housing industry.
“My ministry is presently focused, among other things, on the review and enactment of legislations and addressing the institutional gaps to create the appropriate platform for best practices within 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 regulate, plan and manage housing developments in Ghana, in collaboration with private sector developers.
“Additionally, 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 urbanisation, population growth, among others – is currently 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; and senior management and staff of SuCasa, among other dignitaries.