Brig Amoah-Boakye, Mr. Tarek Choufani and Madam Abi Amartey in a group photograph
Eli Ghana Limited, a private company, has secured investor partnership to construct housing facilities for officers and personnel of the Ghana Armed Forces aimed at improving their accommodation conditions.
Chief Executive Officer of Eli Ghana Limited, Madam Alberta Abi Amartey, who disclosed this at a stakeholder engagement in Accra, said the project would deliver over 5,000 two-bedroom and three-bedroom residential units across seven military barracks located in different parts of the country.
She said, “This project represents more than construction, it is a commitment to national service, dignity for our security personnel, and long-term infrastructure development.”
According to her, the housing units are expected to start this year, following the completion of technical assessment, site planning among others.
She also hinted that the project would be executed in phases to ensure they deliver quality houses, and provide comfort, while adhering to international construction standards.
The Chief Executive explained that the company, which operates in logistics, quarry services and hardware supply, is expanding into other areas such as real estate and construction to support government to address housing deficiency, especially in some institutions.
“Our entry into real estate construction is backed by strong partnerships, technical expertise, and a clear vision to contribute meaningfully to Ghana’s development,” she added.
Managing Director of Sinoam Global Fund, the investment partner, Tarek Choufani, said they were going to invest in sizeable housing units after final discussions with the Ministry of Defence.
He said the company is seeking to invest about 50 million dollars in the housing units, starting in various phases.
The Managing Director also indicated that they are committed to providing the necessary capital to ensure the project start and complete on time.
He said though the company is focused on completing the first phase of the project after finalising discussions with the Ministry of Defence, they may consider investing in other areas including trade logistics, education and health in future.
Acting Judge Advocate General of the Ghana Armed Forces, representing the Ministry of Defence, Brigadier-General Benjamin Amoah-Boakye, said the engagement formed part of government efforts to address the challenges facing institutions such as the Ghana Armed Forces.
Serious discussions will commence from today, and details made public in due course, he said.
By Ebenezer K. Amponsah