Chinese company inaugurates maiden housing project

Poly Group, a Chinese development company, has joined the wave of the growing interest in the Ghanaian real estate sector with the opening of its first housing units in Accra.

The office and residential mansion, showcasing mixed Ghanaian and Chinese design, is the first venture for the Group in the country’s real estate sector in the 10 years of its operation in the country.

The Chinese Ambassador to Ghana, Ms Sun Baohong, said the completion of the project was a demonstration of the mutual cooperation between the two countries.

She said China would continue to play a pivotal role in the economic and social development of the country in the areas of investment, infrastructure and manufacturing, especially through the public private partnership mode.

Ms Sun said in spite of the current economic challenges in the country, China remained optimistic about Ghana’s future growth prospects.

The ambassador said China would deepen efforts to ensure an increasing trend of Ghanaian exports products in the Chinese market.

She said although there had been a great increase in Ghanaian exports into China, the products were still primary. 

She has, therefore, called on Ghana to develop her manufacturing capacity to produce commercially competitive goods.

Alhaji Rashid Pelpuo, Minister of State in charge of Private Sector Development said the opening of the mansion was an example of confidence in Ghana.

He said Ghana offered transparency, freedom and rule of law and urged investors not to entertain any fears as their investments would be protected at all times.

Mr Jin Li, Chief Representative China Poly Group Ghana Office, said it had been 10 years of mutual trust and support for their operations in Ghana.

“The mutual relationship has been tremendous and we hope that this will continue into the future,” he stated.