TDC begins work on 832 housing units

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September 26, 2024
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The Tema Development Corporation (TDC) is poised to begin the construction of 832 affordable housing units as part of Phase 4 of its ongoing housing development project. This was made known following a courtesy visit by TDC leadership to the Minister of Works and Housing, Kojo Oppong Nkrumah.

This new housing project is aimed at helping in tackling the country’s severe housing deficit, which is currently estimated at over 1.8 million units. TDC has already completed Phases 1 through 3 of its development initiative, delivering a total of 1,072 housing units to the market.

These units have provided much-needed affordable housing for both public and private sector workers, contributing substantially to the availability of decent, affordable homes in Ghana.

Speaking during the meeting, the sector Minister lauded the leadership of TDC for its consistent performance and for being a key player in the affordable housing space. He commended the Corporation for winning awards for efficiency, leadership and profitability at the SOE Awards, saying “these recognitions reflect the quality of leadership and the corporation’s commitment to its mandate”.

“Your recent recognition at the SOE Awards is a clear indication that TDC is on the right path. You’ve demonstrated that state-owned enterprises can be profitable, efficient, and lead in terms of delivery. The government is proud of your accomplishments, and we are confident that the 832 units under Phase 4 will be another success,” the Minister stated.

Mr. Oppong Nkrumah emphasized that government’s focus on housing as a critical sector in Ghana’s development was reflected in TDC’s efforts. He stressed that the completion of 1,072 housing units under Phases 1 to 3 had provided much-needed relief to families looking for affordable homes, and the government is eager to support further expansion.

“The 832 units in Phase 4 is part of a broader national strategy to address the housing deficit in Ghana. We are committed to ensuring that these homes are built to a high standard and remain affordable for the average Ghanaian. TDC has proven itself capable, and we look forward to seeing this project come to fruition,” Mr. Oppong Nkrumah added.

The Minister reiterated government’s commitment to supporting housing development initiatives across the country. He noted that housing remained a key priority for President Akufo-Addo’s administration and that the government would continue to invest in projects aimed at reducing the housing deficit.

“The government recognizes housing as a critical area for national development. We are working to ensure that all Ghanaians have access to affordable and decent housing. TDC’s work in this space is vital, and we are committed to providing the necessary support to ensure that this project, along with others across the country, is completed successfully,” the Minister said.

He also revealed future collaborations with other stakeholders to develop additional housing projects in various districts across the country, with the goal of decentralizing affordable housing solutions and bringing them closer to communities that need them most.

The Managing Director of TDC, Alice Abena Ofori-Atta, expressed gratitude to the Minister for his support. She assured him that the Corporation was well-prepared to begin work on Phase 4.

She explained that Phases 1 to 3, which delivered 1,072 units, had set the foundation for even greater achievements in the affordable housing space. With the planned 832 units in Phase 4, TDC is poised to further expand its housing offerings in Tema.

“We have already completed Phases 1 to 3, delivering 1,072 quality housing units to the market. Our new Phase 4 will add 832 more units, which we expect to meet the high demand for affordable homes in the country. We remain committed to ensuring that the houses we build are not only affordable but also meet the highest standards of quality,” she stated.

The Managing Director highlighted that the 832 units under Phase 4 would be built with modern construction technology, ensuring durability and sustainability adding that the project would be completed within the set timeline and would be available to both public and private sector workers, with flexible payment and mortgage plans to enhance accessibility.

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March 11, 2025
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1 minute Read

Government to formalise export of Ghanaian labour

Dr. Cassiel Ato Forson, the Minister of Finance, announced Tuesday that beginning this year, the Government would formalise the export of Ghanaian labour to other countries.

He explained that this move would ensure a structured and beneficial system for Ghanaian workers seeking employment abroad, creating safer, legal pathways for them to work in foreign countries while protecting their rights and welfare.

The Finance Minister made this known when he presented the 2025 Budget Statement and Economic Policy to Parliament. The budget was on the theme “Resetting the economy for the Ghana we want.”

The minister said the formalisation would also reduce illegal migration, prevent worker exploitation, maximise the economic benefits of remittances, and boost foreign exchange earnings.

Commenting on sectoral performance, he stated that sector ministers would present a detailed performance and outlook for their sectors, along with specific policy interventions to address challenges within various Ministries, Departments, and Agencies.

“This is a departure from the norm where Ministers for Finance present detailed sectoral performance as part of the budget speech,” he said.

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March 11, 2025
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2 minutes Read

Minority caucus labels gov’t job creation promises as “Sakawa Jobs”

The Minority in Parliament has sharply criticized the National Democratic Congress (NDC) government’s 2025 budget, particularly targeting the government’s job creation promises, which they have dismissed as “sakawa jobs,” implying that these positions are unrealistic or potentially fraudulent.

In a media interaction following the presentation of the budget by Finance Minister Dr. Cassiel Ato Forson on Tuesday, March 11, the Minority expressed their dissatisfaction with several aspects of the budget, with job creation being a key point of contention.

The Minority raised concerns about what they perceived as contradictory statements from Dr. Forson. While the Finance Minister called on investors to come to Ghana, he simultaneously acknowledged that the country’s economy is facing significant challenges. The Minority argued that such mixed messages could potentially undermine investor confidence. One member remarked, “Is he driving away investment? This is not the way to govern a country.”

Another major issue highlighted was the government’s ambitious US$10 billion “Big Push” initiative. Despite frequent references to the US$10 billion target, the budget allocated only US$800 million for the project. The Minority questioned the feasibility of the initiative, with one member asking, “How can they claim to spend US$10 billion when only US$800 million has been allocated?” They further noted that even if the government spent US$1 billion per year, it would not reach the US$10 billion target by the end of its term.

The Minority also criticized the government’s job creation plans, which they described as unrealistic, stressing, “The jobs they are promising Ghanaians are sakawa jobs.”

In conclusion, the Minority accused the government of failing to deliver on its promises, particularly with regard to the “Big Push” initiative. “They are already failing in their promise as far as the Big Push is concerned,” they stated.