GHANA SIGNS $400M SOCIAL HOUSING DEAL

Ghana is set to get more than 9,000 housing units to help bridge the country expanding housing gap. Last week, water resource , works and housing minister, Collins Dauda announced that Ghana will receive 9,120 housing units after a deal was struck with credits Suisse and Barclays  Bank for a $400 million loan for the construction. A total of 5,000 of the units will be built by Brazilian company construtora OAS for $200 million and the remaining 4,120 will be constructed by Ghana’s Italconstruct International for a total cost $200 million. The cost of the units begin at $25,000, about N3.9million. This will be the biggest housing development scheme since 1957 when the country gained its independence, k as only 150,000 low cost housing units have been built.