Government has confirmed that the Joint Venture (JV) arrangement for the Saglemi Affordable Housing Project has been finalised and is expected to be formally executed in the coming weeks.
Minister for Works and Housing, Kenneth Gilbert Adjei, made the announcement during his presentation at the Government Accountability Series on Wednesday, noting that the ministry is actively working to complete stalled affordable housing units nationwide.
“My ministry has intensified engagement with the selected developer for the completion of the Saglemi Affordable Housing Project. Following the developer selection process led by Deloitte Ghana, the head of terms has been duly signed by both parties,” the Minister said.
He added that both the joint venture agreement and the shareholders’ agreement have been drafted and mutually agreed upon, and are currently with the Attorney General for review and finalisation.
Mr Adjei also highlighted progress on other government housing initiatives managed by the State Housing Company Limited (SHC).
“SHC continues work on key projects, including the surge homes development at Amrahia and the SHC Gardens project. These projects are currently 68% and 70% complete, respectively,” he said.
The Minister further emphasised the role of the National Home Ownership Fund in expanding access to affordable housing through construction financing.
“The fund has completed 129 housing units at Tema Community 22, which are awaiting commissioning, demonstrating significant progress in supporting Ghanaian families,” he noted.
On rental housing, Mr Adjei revealed that the ministry is reviewing the Rent Act of 1963 (Act 220) and the Rent Control Law of 1986 (PNDC Law 138) to modernise outdated legislation, remove regulatory bottlenecks, and encourage private sector investment.
“These reforms prioritise tenant protections, particularly for low-income and vulnerable groups, while regulating hostel accommodation fees across the country,” he explained.
Towards the end of 2025, the National Rent Committee was organised to validate and streamline the proposed amendments. The ministry is now preparing to resubmit the revised bill to Cabinet and subsequently to Parliament for consideration and approval.
