26.8 C
Accra
Thursday, May 26, 2022
No menu items!

UNOPS to rally public and private sectors for infrastructure development

Must Read

Nkoranza: IGP on fact-finding mission; assures bereaved families of bringing perpetrators to book

By Sammuel Ayamm​ah The Inspector-General of the Ghana Police Service, Dr. George Akufo Dampare, says a postmortem will be conducted...

Africa Union Day and emerging threats

By Abraham Donkor Today 25th May, 2022 marks another milestone in the annals of the African Continent. The day christened...

Terrorism Threat Is Real- Adib Saani

By: Serena Osei Boahemaah Security Analyst, Adib Saani has agreed with the security services in the country that terrorism threat...

The United Nations Office of Project Services (UNOPS) says it will rally public and private sector support towards providing infrastructural development, particularly affordable homes in Ghana.

 The Executive Director of UNOPS, Ms Crete Faremo  made the pledge on Wednesday when Vice President Dr Mahamudu Bawumia cut the sod for the construction of 6,500 housing units at Afiaman, near Amasaman.

The housing project formed part of the UNOPS and Sustainable Housing Solutions (SHS) 100,000 affordable housing scheme worth five billion dollars being undertaken across the country.

Ms Faremo said the housing units would be constructed on sites across the country saying; “this is a game changer.”

The project, she said, went beyond affordable housing and would improve thousands of lives, provide local jobs and support sustainable economy.

Ms Faremo added that the housing project demonstrated UNOPS’ Social Impact Investing Initiative (S3I), which aims at attracting financing from the private sector to develop projects in emerging markets.

“A 100,000 homes, let that figure sink in; think about it. This is a game changer.

”We are bridging the gap between private investment and development infrastructure. We plan to build 850,000 affordable homes,” she stressed.

The total value of the project in Ghana is over five billion dollars.

UNOPS is expected to build about 850,000 homes across Asia, Africa, and the Caribbean.

It is the largest affordable housing scheme the world has ever seen.

In Asia, India and Pakistan are the two beneficiaries, while Ghana and Kenya are benefitting in Africa.

Ghana’s housing deficit is in excess of two million and projected to increase to 2.2 million in a few years.

The new partnership will also explore new opportunities in the renewable market, with UNOPS expected to work with Energy, a subsidiary of SHS, which focuses on investments in renewable energy projects and associated infrastructure.

It is the latest step in the UNOPS Social Impact Investing Initiative (S3I), which aims at attracting financing from the private sector to develop projects in emerging markets.

The technology is earthquake and hurricane resistant and constituent with the utilisation of renewable energy and non-toxic insect-repellent properties.

The concept aims at providing a ‘turn-key solution’ to reduce the current shortfall of tens of millions of decent dwellings.

SourceGNA

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Nkoranza: IGP on fact-finding mission; assures bereaved families of bringing perpetrators to book

By Sammuel Ayamm​ah The Inspector-General of the Ghana Police Service, Dr. George Akufo Dampare, says a postmortem will be conducted...

Africa Union Day and emerging threats

By Abraham Donkor Today 25th May, 2022 marks another milestone in the annals of the African Continent. The day christened African Unity Day or Africa...

Terrorism Threat Is Real- Adib Saani

By: Serena Osei Boahemaah Security Analyst, Adib Saani has agreed with the security services in the country that terrorism threat is real and we need...

AFD, GCB sign agreements to support cleaner energy projects in Ghana

By Charles Sarpong Amponsah The Agence française de développement (AFD), and Ghana Commercial Bank (GCB), have signed agreements to provide cheap loans and grants to...

Create Special Parliamentary Constituencies for the youth- Speaker Bagbin to Africa leaders

Story: Franklin ASARE-DONKOH The Speaker of Ghana’s Parliament, Rt. Hon. Alban Sumana Kingsford Bagbin has tasked leaders across Africa to create what he called Special...

More Articles Like This