Affordable Student Housing | Ghana

The project developer seeks equity and debt partners for an ambitious educational infrastructure project in Ghana. The primary objective is to address three public universities' significant accommodation deficits. The project developer plans to construct and manage 7,550 new student accommodation units over 40 years. With a total project cost of approximately USD 101,845,776, including financing and development expenses, the project encompasses various elements such as land acquisition, building construction and furnishing, motor vehicles, insurance bonds, pre-operating costs, sweat equity, financial advisory/legal fees. The demand for student accommodation in Ghana far exceeds the available facilities, resulting in an average deficit of around 70%. This situation is exacerbated by the government's policy on free Senior High School (SHS) education, leading to a higher intake of students into tertiary institutions. It is anticipated that by 2024, the accommodation situation in Ghana's universities will become critical, necessitating the creation of additional spaces. The financial projections indicate that the project loan can be repaid within 10-16 years, providing an opportunity for 22 to 28 years of debt-free operation. During this period, the project and equity partners can enjoy a long-term partnership with sustained profitability. The project developer invites interested parties to join this transformative endeavour to bridge the accommodation gap in Ghana's universities, contribute to important infrastructure development, and positively impact the education and well-being of future generations. We can create a lasting and meaningful difference by forging mutually beneficial partnerships.