Africa Home Building News 03 09 25

Headlines for AHB News

Cocoa farmers in Ghana set to benefit from a new housing project aimed at improving their living conditions.

Appolonia City has hosted a delegation from the China-Africa Economic and Trade Promotion Council

Egypt has scrapped decades-old rent caps that kept rental prices low, sparking fears of mass evictions. 

Cocoa farmers in Ghana are set to benefit from a new housing project aimed at improving their living conditions. Real estate developer, Priority View Homes, has cut sod for the construction of affordable two- and three-bedroom houses at Gomoa Dahom in the Gomoa Central District of the Central Region.

The GH¢420 million initiative will provide decent accommodation for farmers with flexible payment plans spread across 5 to 15 years. The project is designed to address a long-standing challenge, as many farmers who contribute significantly to Ghana’s cocoa economy continue to live in poor housing conditions.

Speaking at the sod-cutting ceremony, Chief Executive Officer of Priority View Homes, Eric Affaidu, explained that the intervention is meant to inspire and motivate farmers. He noted that about 50 to 56 percent of cocoa farmers still live in thatch houses, which prompted his company to step in with a housing scheme that allows farmers to own decent homes.
Construction is set to begin immediately, with houses scheduled for completion in phases to ensure timely delivery.

The Chief of Gomoa Dahom, Nana Kwa-Pra Ababio VII, has welcomed a new housing project for cocoa farmers, describing it as a timely intervention to improve livelihoods. The initiative, spearheaded by Priority View Homes, will see affordable houses constructed for farmers in the Gomoa Central District of the Central Region.

Nana Kwa-Pra Ababio VII said the development would not only transform the town but also uplift the lives of farmers who remain the backbone of Ghana’s economy. “I am very excited that this town is about to undergo a transformation, just like Accra. I assure everyone in the town that, to ensure the right people are involved, I have set up a committee to verify that every participant is indeed a cocoa farmer,” he stated.

The project, estimated at GH¢420 million, is expected to provide two- and three-bedroom houses with flexible payment options. It is aimed at supporting farmers who have struggled with decent housing despite their contributions to Ghana’s cocoa sector.

The chief assured the community of his commitment to ensuring transparency in the allocation process as construction begins immediately.

Appolonia City has hosted a delegation from the China-Africa Economic and Trade Promotion Council, led by Dr. Francis Agyenim Boateng, to explore investment opportunities in Ghana’s real estate, infrastructure, agribusiness, and industrial park development.

The team, joined by representatives from the Ministry of Trade, CSIR, GLICO, and AGI, discussed fostering partnerships to drive sustainable growth. Dr. Agyenim Boateng stressed the potential of Ghana–China collaboration to boost industrialisation, create jobs, and position Ghana as a trade hub in West Africa.

Government officials reaffirmed their commitment to supporting foreign investment, while CSIR and AGI highlighted the need for innovation, technology transfer, and stronger local industry support.

Egypt has scrapped decades-old rent caps that kept rental prices low, sparking fears of mass evictions. 

Under the new law, minimum rents for older contracts will rise sharply over the next five to seven years, with some increases reaching twentyfold depending on location. 

While the government has promised support measures, critics warn the change could displace low-income tenants and worsen the country’s housing affordability crisis.

Source : Africa Home Building News - Joyceln Marigold

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