Developer LMI Holdings has pledged to complete the first 700 housing units under the revived Saglemi Housing Project by March 2027, as government moves to breathe new life into the long-delayed affordable housing development.
The developer is also expected to complete the first phase of 1,500 housing units by December 2027, according to commitments highlighted during President John Dramani Mahama’s inspection of the project in the Greater Accra Region on Thursday, August 20, 2026.
The development forms part of renewed efforts by the government to expand access to affordable housing while creating a well-planned residential community capable of supporting the growing industrial activity along the Tema-Dawa corridor.
The Saglemi Housing Project was initially conceived under the administration of the late President John Evans Atta Mills as a 5,000-unit affordable housing development.
However, the project stalled following a change in government, with subsequent investigations and legal processes further delaying construction.
Years of inactivity also exposed the abandoned development to extensive vandalism. Several items, including electrical cables and fittings, wash basins, bathtubs, bulbs and underground telecommunication cables, were reportedly removed from the site.
The government subsequently opted for a private-sector partnership to revive and complete the project, resulting in the selection of LMI Holdings as the developer responsible for the redevelopment.
During his inspection, President Mahama expressed confidence that the project would eventually deliver the modern residential community originally envisaged for the site.
“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 Ghanaians interested in acquiring homes at Saglemi to register promptly once the official sales portal is opened.
He said demand for the houses was likely to be significant, given the need for affordable and well-planned housing in the country.
“I want to encourage Ghanaians to register as soon as the sales portal is opened because these houses will be in high demand,” the President said.
He also indicated that companies operating along the industrial corridor could acquire some of the houses for their employees.
According to him, industries around Tema and the Dawa Industrial Park would have a potential interest in the development as accommodation for their workers.
The estate is therefore expected to serve both individual Ghanaian homeowners and employees of businesses operating within the expanding industrial zone.
President Mahama said the housing development would be supported by major transport infrastructure intended to improve connectivity between Saglemi and other parts of the Greater Accra Region and beyond.
He pointed to ongoing work on the road connecting the area towards Aflao, saying the first phase of the dualisation was already under construction, while the second phase from Central University was being prepared for implementation.
“Government is dualising the road from here to Aflao. The first phase is already under construction, while the second phase from Central University is being awarded. Residents will therefore enjoy a fast and efficient road connection,” he said.
The President also highlighted plans for a railway connection serving the area.
He explained that the proposed rail infrastructure would support passenger movement as well as freight transportation, including containers and industrial goods moving between the Tema Port and the Dawa Industrial Park.
These transport investments, he said, would strengthen the connection between housing, industry and commerce and further enhance the attractiveness of the Saglemi area.
President Mahama said the combination of residential development and transport infrastructure would position Saglemi within a broader industrial and urban growth corridor.
He linked the project to the government’s vision of developing a Green Digital City, with integrated infrastructure capable of supporting modern communities and economic activity.
The President also expressed the expectation that LMI Holdings would meet the delivery schedule it had presented.
He said government intended to return to the site around Easter 2027 to commission the first 700 completed units and formally 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 first phase of the revived development covers 1,500 units out of the original 5,000-unit plan.
President Mahama said work would subsequently continue on the remaining 3,500 units as government and its private-sector partners seek to fully realise the original vision for the Saglemi estate.
The renewed project is expected to contribute to the country’s housing stock at a time when high housing costs and rent advance requirements continue to place pressure on households.
Government has increasingly identified the expansion of affordable housing supply as an important component of its broader social and economic agenda.
President Mahama stressed that the Saglemi project would not be the government’s only intervention in the housing sector.
He disclosed that preparations were underway for a wider national housing programme, details of which are expected to be presented by Finance Minister Cassiel Ato Forson in the next national budget.
“Saglemi is not the last housing project. Government is preparing a major national housing programme that will be announced by the Finance Minister in the next budget,” he said.
He further disclosed that GH¢500 million had already been allocated to the District Housing Scheme.
The scheme is expected to support housing construction in selected districts as part of government’s broader plan to increase the availability of affordable homes across the country.
According to the President, construction under the district-level initiative is expected to commence as government rolls out its housing agenda over the next four years.
The revival of Saglemi, coupled with the planned district housing interventions, is therefore expected to form part of a broader strategy aimed at increasing housing supply and easing the financial burden associated with securing decent accommodation in Ghana.
For the Saglemi project, the immediate focus remains on meeting the March 2027 target for the first 700 units, followed by completion of the 1,500-unit first phase by December 2027.
By 1960news.com
