The proposed development is expected to deliver 5,008 two-bedroom and three-bedroom housing units
The Government of Ghana has taken steps to address longstanding accommodation deficits within the Ghana Armed Forces (GAF) following the arrival of international investors to advance discussions on a large-scale military housing project.
The proposed development is expected to deliver 5,008 two-bedroom and three-bedroom housing units across seven military barracks nationwide, subject to the completion of negotiations and technical arrangements with the Ministry of Defence.
Speaking to the media, Managing Director of Sinoam Fund, Tarek Choufan, confirmed that his outfit has partnered with Eli Ghana Limited to finance the project.
Government set to build 2,000 housing units for Ghana Armed Forces – CDS
“We have partnered with Eli Ghana to work on a housing project for the Ministry of Defence, and we are very happy to be here to finalise the completion of our agreement and proceed with the investment,” Choufan said.
He disclosed that the investors are prepared to inject an initial capital of about 50 million US dollars, with further funding tied to project milestones and phased implementation.
“We’re here to make sure the project goes from initialisation to completion and to provide all the necessary capital that’s required,” he added.
According to Choufan, construction is expected to begin within a few months once agreements and roadmaps are finalised.
He noted that while the immediate focus is military housing, the investors are also exploring opportunities in energy infrastructure, logistics and social infrastructure, including education and health.
“It’s very important to enhance trade logistics here. It aligns with the national development targets of the government,” he stated.
Representing the Minister of Defence, Brigadier-General Benjamin Amoa-Boateng, Acting Judge Advocate General of the Ghana Armed Forces, described the investors’ visit as a positive step towards resolving accommodation challenges within the military.
“My presence here is an indication of the collaboration with the investors, and we are glad that they are in town,” he said.
However, he cautioned that details of the agreement would only be made public after formal discussions are concluded.
“We are now going into the proper discussions. In the next few days, we will come out to let the public know what the whole arrangement is about,” Brigadier-General Amoa-Boateng explained.
He reiterated that the housing project forms part of broader government strategies to address infrastructure and facility gaps within the Armed Forces.
Chief Executive Officer of Eli Ghana Limited, Madam Alberta Abi Amartey, said her company is facilitating the partnership and will play a key role in the execution of the project alongside the financiers and state institutions.
“As a firm, we are here to help the military to solve the housing deficit,” she said.
She confirmed that Eli Ghana will partner Sinoam Fund on construction, working closely with the Ghana Armed Forces and the Ministry of Defence.
“They are the financiers of the project, alongside the Ghana Armed Forces and the Ministry of Defence,” Madam Amartey noted.
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