The Chief Executive Officer of Afro-Arab Properties, Alhaji Salamu Amadu, has expressed his company's commitment to supporting President John Dramani Mahama's efforts to expand affordable housing across Ghana. This pledge was made at the National Homeownership Conference, where President Mahama visited Afro-Arab Properties' exhibition stand. Alhaji Amadu stated that his company is prepared to increase its investment in affordable housing and collaborate with the government to help the President achieve his goal.
Afro-Arab Properties has a vision to build 200,000 homes across Ghana by 2050. According to Alhaji Amadu, integrating the company's affordable housing model with the government's district housing initiative could significantly increase access to decent homes for ordinary Ghanaians. The company believes that with the right partnership between the government and the private sector, this vision can be achieved much faster.
Afro-Arab Properties operates a low-entry payment model designed to reduce financial barriers for prospective homeowners. Qualified buyers can make a minimum initial payment and settle the outstanding amount over five years without interest, subject to the terms governing each development. This financing structure is intended to help working families who may struggle to raise substantial lump sums or meet conventional mortgage requirements.
President Mahama welcomed Afro-Arab Properties' proposal and indicated the government's readiness to support credible private-sector initiatives that broaden access to affordable homes. The company plans to extend its affordable housing developments to more parts of Ghana as it pursues its target of delivering 200,000 sustainable homes by 2050.
Afro-Arab Properties' housing vision is promoted under the message, "Everyone Can Buy a House," while its environmental commitment is reflected in the philosophy, "Afro-Arab is Green." The company's goal is to make homeownership more accessible to Ghanaians while prioritizing sustainability and environmental responsibility.
The company's commitment to affordable housing aligns with the government's efforts to address the housing deficit in Ghana. President Mahama's initiative aims to increase access to decent homes for low-income earners, and Afro-Arab Properties' pledge is expected to contribute significantly to this goal.
Afro-Arab Properties' support for Mahama's affordable housing agenda is part of its broader strategy to promote sustainable development and economic growth in Ghana. The company's efforts to increase access to affordable housing are expected to have a positive impact on the country's housing sector and the economy as a whole.
Key points
- Afro-Arab Properties aims to build 200,000 homes across Ghana by 2050.
- The company operates a low-entry payment model to reduce financial barriers for prospective homeowners.
- President Mahama has welcomed Afro-Arab Properties' proposal and indicated the government's readiness to support credible private-sector initiatives.
