The Minister of Works and Housing, Francis Asenso-Boakye, has tasked the new board of the TDC Company Limited to reinvert their operational strategies and focus on government’s new Affordable Housing Programme that aims to increase access to safe, secure, adequate and affordable housing to the low to middle income earners across the country.
He gave the task during a short ceremony to inaugurate the new Governing Board of the TDC Company Limited yesterday in Accra.
He said the government’s new affordable housing policy direction is to leverage on private sector investment by facilitating the provision of secured land, along with the requisite infrastructure, as well as work with relevant state institutions to grant tax exemptions, with the private sector providing the funding to undertake the actual construction works.
With the Ministry completing the modalities for the implementation of the affordable housing programme, Mr. Asenso-Boakye indicated it is ready collaborate with the TDC on proposals that relate to the provision of affordable housing. He added that the success of this noble objective would be an enduring legacy of the government of President Akufo-Addo.
The Minister expressed appreciation to the management of TDC for its consistent demonstration of operational viabilities over the years, which had seen the company increase its profit margins and impacting the socio-economic development of the country.
“I am also aware of the company’s 4% revenue returns between 2018 and 2019,” the Minister added.
He lauded the contribution of TDC in the provision and development of infrastructure such as social housing, industrial enclaves and maintenance and construction of roads and public buildings.
The Minister indicated his confidence in the ability of the new Board to consolidate the gains of the past, optimize the efficiency of the company, and make government’s affordable housing programme successful.
“It is my hope and expectation that it would never be said anywhere that it was during the tenure in office of this Board that TDC was unable to make any significant contributions to government receipts or played that critical role required in support of government agenda to increase access to safe, secure, adequate, and affordable housing across the country,” he said.
The Chairperson of the Board, Kofi Brako, on behalf of members, expressed profound gratitude to President Akufo-Addo for honouring them with the opportunity to serve on the AESL Board.
He assured the Minister of the Board’s commitment to providing excellent leadership to ensure that TDC plays an impactful role in the President’s Affordable Housing Programme. “We are mindful of the sacred trust reposed in us, and this is an opportunity to serve our country, and much work awaits us to further transform TDC,” he added.
The rest of the members are Alice Abena Ofori-Atta, Seth Abladey, Valerie Barbara Ashitey, Davis Ansah Opoku, Nicholas Arthur and Samuel Abakah.