The Tema Development Company (TDC) Limited plans to deliver 800 two-bedroom self-contained housing units by April 2026, expanding its push to offer affordable housing solutions in Ghana’s increasingly unaffordable real estate market.

Speaking in an interview on Thursday, TDC Managing Director Courage Makafui Nunekpeku said the project is aimed at addressing the growing difficulty for middle-income Ghanaians to own homes, citing affordability — not availability — as the central challenge in the country’s housing sector.

“Ghana doesn’t necessarily have a housing deficit,” Mr. Nunekpeku said. “The issue is affordability. There are many empty buildings, but ordinary Ghanaians simply cannot afford them.”

The 800 new units will form the fourth phase of TDC’s housing development at Kpone, Community 26 — an area on the outskirts of the capital region. Phases 1 through 3, built over the past 19 years, have already delivered more than 1,000 homes. Upon completion, the four-phase development will total approximately 1,800 units.

Designed with public sector workers and middle-income earners in mind, the homes are intended to offer cost-effective options without sacrificing construction quality, Mr. Nunekpeku said. TDC has employed a range of cost-control strategies in procurement and design to keep prices accessible.

“Public sector workers play a key role in national development, yet many are shut out of the housing market,” he noted. “Our goal is to ensure what we build is not only high quality, but realistically within reach for the average Ghanaian.”

Ghana’s housing market has seen steady growth in private development, but much of the inventory remains unoccupied due to high prices. Analysts have long pointed to a disconnect between supply and effective demand — a gap TDC hopes to narrow with its ongoing projects.

Source:TheDotNews