[ 2012-05-09 ]
Two towns to be built in Dodowa, Takoradi
A multi-national company, the Renaissance Group,
is to build two townships, one at Appolonia in
Dodowa and the other at Asakae in Takoradi,
beginning from the fourth quarter of this year.
The townships will involve residential, commercial
and industrial buildings with educational and
The company will also construct roads and provide
water for the townships.
Each township, to be funded solely by the
Renaissance Group, is to take about 65,000
The Founder and Chief Executive Officer of the
Renaissance Group, Mr Stephen Jennings, made this
known during a courtesy call on the
Vice-President, Mr John Dramani Mahama, at the
Castle, Osu, Tuesday.
Mr Jennings and a business delegation were at the
Castle to brief Mr Mahama on developments
regarding the project.
The Renaissance Group, which is into capital
investment, has invested more than $200 billion in
various projects across the world.
Mr Jennings said his outfit had completed the
master plan and indicated that the sod-cutting
ceremony for the commencement of the projects
would be held soon.
He stressed that all the funding for the project
was coming from the group and that the company
wanted the government’s support to make the
project a reality.
On technology transfer, he said the group was
partnering with technical institutions in Takoradi
to enhance the skills of artisans who would work
on the project.
Mr Jennings said apart from discussions with
government officials, the company was also talking
with traditional rulers in the two areas to ensure
smooth execution of the project.
In his response, the Vice-President noted that the
cities were getting congested, with 53 per cent of
Ghana’s population living in urban areas.
He said the increased number of people in the
cities was putting much pressure on the limited
facilities and indicated that the government was
trying to ease the pressure in the cities through
the building of more facilities.
Therefore, he said, the construction of the
townships in Dodowa and Takoradi was timely,
noting that the population in Takoradi would
increase because of the oil operations.
Mr Mahama said Ghana was open to business and
asked investors to continue to have confidence in
the country and not hesitate to invest in its
He said they should not be discouraged by the
increased political rhetoric in this election year
and gave an assurance that the country was going
to have peaceful and successful elections.
The Vice-President again assured investors that
the government would not overspend in this
election year, explaining that doing that might
disturb the macroeconomic gains.
Source - Daily Graphic
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