Lack of funds has caused construction work on the Tamale Affordable Housing Project in Ghana to stall. The housing project, which is now at about 65% complete, aims to deliver 100 housing units of low-cost houses for low income earners at Lahagu in the Tamale Metropolis, Ghana.
The update was given by Country Policy Manager of Water and Sanitation for Africa (WSA), Mr. Charles Nachinab during the eighth Annual General Meeting of the Tamale Community Cooperative Credit Union (TCCCU) in Tamale, who said the delay is attributed to partners failing to honor funding agreement. Tamale Community Cooperative Credit Union (TCCCU), who was also associates, had failed to provide the 20% upfront payment of the contract sum by mid last year to help finance the affordable housing construction project. He added that TCCCU had provided only 82% of the upfront fee was paid by November 2014.
He also said that financiers were not turning to WSA for a second helping to the affordable housing construction project after they contributed GH¢1m. However, the government is also funding the project as well.
However, according to the Chairman of TCCCU, Mr Alhassan John Issah, assured that the situation would be addressed as quickly as possible to ensure on time delivery of the project.
Mr Nachinab further explained that, the financiers of WSA, have not been active since they last contributed the total sum of US$273,976 into the project., Chairman of TCCCU, assured members of TCCCU that all would be done to ensure that the project was delivered.
The 100 affordable housing units will be made up of two-bedroom self-contained houses to be sold to the members of TCCCU at about US$ 4,767.
Elsewhere, investors have agreed to provide funding for the 10, 000 housing unit at Amasaman, as indicated by Minister of Water Resources, Works and Housing, and the project was having preparations underway for commencement of its first phase.