Developer LMI Holdings has committed to completing the first 700 housing units of the revived Saglemi Housing Project by March 2027, with the first phase of 1,500 units scheduled for completion by December 2027.
The commitment was made during President John Dramani Mahama’s inspection of the project in the Greater Accra Region on Thursday, August 20, 2026.
The Saglemi project was originally conceived under the late President John Evans Atta Mills as a 5,000-unit affordable housing estate but stalled following a change in government. Legal and investigative processes subsequently halted construction for several years.
The prolonged inactivity left the site exposed to vandalism, resulting in the removal of electrical cables, fittings, wash basins, bathtubs, bulbs and underground telecommunications cables.
President Mahama said government subsequently opted to partner with the private sector to revive and complete the project, leading to the selection of LMI Holdings as the developer.
He said the completed estate would provide housing for thousands of Ghanaian families and workers in industries along the Tema-Dawa industrial corridor.
“From what you have seen today, this estate is going to become a modern and conducive residential community for thousands of Ghanaian families,” he said.
President Mahama urged prospective homeowners to register promptly when the sales portal opens, saying demand for the houses was expected to be high.
He said industries around Tema and the Dawa Industrial Park could also acquire units for their workers.
The President said the development would be supported by improved road and railway infrastructure.
He said government was dualising the road from Saglemi to Aflao, with the first phase already under construction and the second phase, from Central University, being awarded.
He added that a planned railway connection would carry passengers and freight, including containers and industrial goods from the Tema Port to the industrial park.
According to President Mahama, the infrastructure would strengthen Saglemi’s position within a major industrial and residential growth corridor and support government’s broader Green Digital City vision.
He said government expected LMI Holdings to meet the agreed construction timelines.
“It is my hope that shortly after Christmas, around Easter next year, we shall gather here to commission the first 700 housing units and hand them over to homeowners. Then, in December next year, we shall return once again to commission the remaining units, completing the first phase of 1,500 houses,” he said.
The 1,500-unit first phase represents part of the original 5,000-unit project, with the remaining 3,500 units expected to be developed subsequently.
President Mahama said the project formed part of government’s efforts to increase the supply of affordable housing and reduce the pressure on households from high rent advances.
He said a broader national housing programme would also be announced by the Finance Minister in the next budget.
Government has already allocated GH¢500 million to the District Housing Scheme, under which construction is expected to begin in selected districts as part of the government’s housing programme over the next four years.
Source: www.kumasimail.com
