US$22 million Manet Twin Towers inaugurated

Manet Group has officially inaugurated its US$22 million Twin-Towers at the Accra Airport City to boost the country’s commercial building industry.

The two blocks have office space each reaching eight floors skyward and consequently transforms the outlook of the real-estate sector in the country, offers businesses an ultra-modern, secure, accessible and convenient location, with affordable parking space for up to 230 cars.

The Manet twin-towers were completed in September 2010 and are just a tip of the iceberg, Dr. Theresa Oppong-Beeko, Chief Executive Officer, Manet Group disclosed after the ceremony.

Manet Group comprises Manet Housing, a real-estate development firm, Manet Paradise, a three-star hotel resort, Manet Construction, a civil engineering company and Manet Towers.

Mr. Martin Beeko, Director of MANET, a real-estate development company, said the company had over the past 16 years built more than 1,200 residential units for the upper-end of the housing market, making the group the second-largest real-estate developer in the country.

Alban Bagbin, Minister of Water Resources, Works and Housing, said rapid population growth and increasing urbanisation has made shelter one of the most critical problems - necessitating government to review the National Housing policy to focus more on the housing needs of low-income people.

He said the current data indicate that the country's housing deficit stands at more than a million housing units.

“Out of the four million housing units in the country, less than one-half were classified as houses; as much as 58 percent of the houses were of poor quality and made of mud, laterite brick, wattle and daub, and earth. More than 74,000 kiosks and containers were also being used as homes.

“Only 17 percent of Ghanaian households sleep in four- or more roomed facilities.
“As a country now enjoying middle-income status, our built environment and our cityscapes - from residential to commercial and leisure - leaves much to be desired,” he said.

Mr. Bagbin urged stakeholders in the real-estate sector to partner with government to ensure that the country’s housing situation is improved.

Dr. Mensah Otabil, General Overseer of the International Central Gospel Church, said the inauguration of the Twin-Towers project is a testimony to years of dedication and faithfulness of Manet’s contribution to development of the country.