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21.02.2007 Business & Finance

Barclays Bank To Construct Houses In Kyebi

Barclays Bank, Ghana, has given its approval for the construction of affordable housing units at Kyebi, capital of the Akyem Abuakwa Traditional Area in the Eastern Region.

The Managing Director of the bank, Mrs Margaret Mwanakatwe, made this known when she led the bank's officials from both Ghana and South Africa to inspect the proposed sites of the project at Kyebi.

She said for a start, 250 affordable housing units, being the first phase of the project, would be put up at Kyebi to be followed with more of such units at two other places near Kyebi.

According to her, the bank had decided to help provide the houses in response to an appeal by the chiefs in the area that the houses would either be for outright sale or rental.

Mr Kwame Boateng, Counsel for Ofori Panin Fie, Kyebi, who accompanied the Barclays team to the sites, was quite happy that the bank was financing the project.

He said the project would enable the indigenes to always come back home to assist in the development of the area.

Mr Kwame Boateng, therefore, thanked Barclays for the initiative.