• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, August 15, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Real Estate

Convert affordable housing at Asokore Mampong into student hostels- Frank Aboagye Danyansah

Maynard Championby Maynard Champion
July 26, 2021
Reading Time: 3 mins read
Add as Preferred on Google
Frank Aboagye Danyansah, Ashanti Region Secretary of the Ghana Real Estates Development Agency (GREDA), has called on government to modify the Affordable Housing Project at Asokore Mampong in the Ashanti Region into hostel facilities.

Frank Aboagye Danyansah, Ashanti Region Secretary of the Ghana Real Estates Development Agency (GREDA).

Frank Aboagye Danyansah, Ashanti Region Secretary of the Ghana Real Estates Development Agency (GREDA), has called on government to modify the Affordable Housing Project at Asokore Mampong in the Ashanti Region into hostel facilities.

According to him, the move will help solve the accommodation challenge experienced by students at the Kumasi-based tertiary institution.

Mr Danyansah’s comments follow agitations by students from Kwame Nkrumah University of Science and Technology (KNUST) who have described hostel prices as excessive due to high demand of private hostel facilities.

 “We have the Asokore Mampong Affordable Housing now going to waste. SSNIT took 500, and out of the 500, they have completed 150 which they have given out. The remaining 350 is still there”.

Currently, the overall number of housing units is 1,053, which comprises of twenty six shops, and 1,027 serves as residential units.

ADVERTISEMENT

Mr Danyansah further explained that because some eight hundred and fifty of the units have been lying fallow, it should be given as accommodation to students.

“Let us modify these ones into hostels, and if we’re doing 4 in a room, these 850 units can provide 4,000 students with accommodation.

 “Since Asantehene Otumfuo Osei Tutu II is the Chancellor of KNUST, and this affordable housing has been named after him, my suggestion is that we should convert the affordable housing at Asokore Mampong into student hostels for KNUST.

“If we can, why are our leaders sitting there and students are arguing with private developers?”

KNUST management interventions

Following the venting by students of KNUST, the school’s management has assured them of a possible reduction. This, they explained, will be done in consultation with the private developers.

The National Tenants’ Union of Ghana has called on the Housing Minister to convert the beleaguered Saglemi housing project into a social housing.
Housing project.

That notwithstanding, Mr Danyansa noted that the school management must also be proactive by investing in accommodation for students. Also, he suggested that they can alternatively provide certain reliefs for private developers within its “Build-Operate-Transfer” arrangement.

 Justifying his assertion, Mr Danyansah further revealed that until a solution is found, the high hostel charges would remain the same.

“KNUST has about 81,000 student population; last year alone, they admitted 30,000 out of the whole Ghana’s 90,000 who applied for university.

“I am a private developer, I have my hostels there, I want returns on my investments, and so you don’t tell me to have a cap on the ceiling of how much I price; no. So what you have to do, is to expand the number of facilities within your campus and make it cheaper”.

Asokore Mampong Affordable Housing

In November last year, President Nana Addo Dankwa Akufo-Addo inaugurated the Affordable Housing Project at Asokore-Mampong in the Ashanti Region.

ADVERTISEMENT

Christened the Otumfuo Osei Tutu Housing Estates after the Asantehene, the 1,021 housing units commenced thirteen years ago. However, government in partnership with the Social Security and National Insurance Trust (SSNIT) sought to complete it.

The Housing project wasn’t primarily intended to address the country’s housing challenge but to as well serve as an investment asset for the scheme.

The Affordable Housing Project is intended to provide accommodation for low and middle-income workers, and build the capacity of local contractors, among others.

ADVERTISEMENT

Read Also: Ghanaians slam Sarkodie for cigar pictures

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Affordable HousingAsokore MampongGhana NewsGREDAKNUST
Please login to join discussion
Previous Post

We reviewed multiple wearable panty vibrators

Next Post

R. Kelly accused of abusing teenage boy

Related Posts

1683805420 9681
Real Estate

Africa’s Real Estate Investment: A Minor Player in a Global Market

July 3, 2024
Ghana's Ambitious Energy Transition: A $562 Billion Journey Towards a Sustainable Future
Real Estate

Oil and Gas to Play a Long-Term Role in Africa’s Electricity Mix- African Energy Chamber

May 15, 2023
Dr. Alhassan Andani, Former CEO of Stanbic Bank Ghana
Business

Instead Of Borrowing To Invest In Projects, Preserve Your Capital- Andani Advises Real Estate Developers

March 1, 2023
Executive Secretary of Ghana Real Estate Developers Association (GREDA), Samuel Amegayibor, has revealed that Ghana’s housing market is beset with high cost of materials for building.
Real Estate

Prices Of Materials Have Surged High Lately- GREDA

February 2, 2022
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Nature and Development Foundation (NDF) with traditional authorities and local stakeholders

NDF Initiatives Strengthen Community Rights in Ghana’s Mining Governance

August 15, 2026
GIPA officials and members of the Parliamentary Select Committee on Trade, Industry and Tourism pose for a group photograph after the working visit.

Parliament Trade Committee Backs GIPA’s Expanded Investment Mandate

August 14, 2026
BoG, CIB Ghana Move to Strengthen Banking Sector

BoG, CIB Ghana Move to Strengthen Banking Sector

August 14, 2026
download 2026 08 07T173732.275

Trump Seeks Supreme Court Approval to Restart Ballroom Work

August 14, 2026
President John Dramani Mahama

Mahama Links School Indiscipline to Phones, Backs Under-16 Internet Restriction

August 14, 2026
ADVERTISEMENT
Next Post
YouTube US R&B star, R. Kelly, whose real name is Robert Sylvester Kelly, has been accused of new abuse allegations, including the claim that he had a sexual relationship with a 17-year-old boy.

R. Kelly accused of abusing teenage boy

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.