• Posted on: 31 January 2017
  • By: MOTIMod

Hon. Alan Kwadwo Kyerematen, the Minister for Trade and Industry has cut the sod for the development of a 218 gated mixed use residential development at Ayi Mensah, close to Aburi in the Eastern Region. The project is estimated to cost about $30 million dollars. It is a collaborative initiative between IndigoHomes and Mercury Estates.

Speaking at the sod-cutting ceremony, Hon Kyerematen indicated that the development would greatly contribute to helping the government to deliver on its promise of job creating jobs for most Ghanaians.

The Minister noted that a three-year Business Regulations Strategy (BRS) has been launched by his Ministry which aims to modernize the quality of Ghana’s legal/regulatory systems to promote faster growth, job creation, and economic prosperity. He added that the strategy is designed to be systemic and permanent in its effects by changing how the Government designs and implements business regulations in the future.

“Within the broader national economic reform agenda, the BRS aims to eliminate constraints to economic development, deepen and broaden current reform efforts in order to establish a national regulatory environment that sustainably reduces red-tape and barriers and better promotes private sector activity and job creation.”

According to the Minister the reforms will, among others, also help at improving Ghana’s ranking on the World Bank business index and consequently make Ghana the most business friendly country in the whole of Africa.

The Ayi Mensah Park development will consist of 1-bedroom luxury condos, 2-bedroom terrace townhomes and 3-bedroom semi-detached townhomes. The designs for the Park includes open floor plans; gourmet kitchens with deep basin sinks and modern appliances; covered outdoor kitchen; engineered stone countertops; master bedroom suite with dual vanities; spacious closets and terrace balconies with mountain views.

The Minister commended the initiative by Indigo Homes and BlackIvy, stressing that the move will contribute to reducing the country’s about 2 million housing unit deficit. He was particularly happy with the technology that would be used as it would help reduce the cost of housing and make it really affordable.

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