Ghana to construct 10,000 housing units for security personnel under Sinohydro deal

Ghana Vice President Dr. Mahamudu Bawumia declared that around 10,000 housing units would be constructed in Ghana for security personnel across the country under the infrastructure of US$2 billion worth of barter trade bauxite deal signed with Chinese Sinohydro Group.

This initiative for the security services under the Sinohydro project would be the largest single undertaking of its kind since the independence. Bawumia said this at a sod-cutting ceremony for the construction of 320 housing units at the Ghana Police Training School, Tesano, Accra, on 13th of August, 2018.

“I would like to assure the Security Services that this project will not be the last. Government has reached advanced stages with Sinohydro Corporation Limited for the construction of houses and court structures for the Ghana Armed Forces, Ghana Police Service, Ghana Prisons Service, Ghana Immigration Service, Ghana National Fire Services and the Judicial Service.” 

The Vice President also assured that the government has started working to address the national housing deficit, estimated to be in excess of 1.7 million units and could rise to 2 million by 2020, through the implementation of policies and programmes designed to create a functioning mortgage market. 

According to the deal signed with China’s Sinohydro Group, the company will fund for the infrastructure projects in Ghana in exchange for refined bauxite. Ghana’s finance minister Ken Ofori-Atta said this deal would help the government leveraging the country’s bauxite deposits to facilitate for Ghana’s infrastructure deficit.