Tema Development Corporation (TDC) says its 800 unit Volta Region housing project remains on track for 2027, even as its promised Kumasi expansion remains undated eight months on.
The gap matters because TDC has pitched itself as the engine behind Ghana’s next wave of urban housing, and its ability to deliver in Volta before making good on Kumasi will test whether that national rollout is more than an announcement.
Managing Director Courage Makafui Nunekpeku said contractors on the 1,860 acre Oxygen City Community 27 project near Ho have moved past substructure work on the first batch of buildings, which the company expects to hand over next year. “All the contractors are ahead of schedule,” he said. Company officials set June 2027 as the completion target for the initial 800 residential units when President John Dramani Mahama cut the sod for the project in December 2025.
Buyers of the two and three bedroom units are expected to pay a 25 percent deposit, with the balance financed at single digit interest over 15 to 20 years, according to figures TDC gave at the sod cutting ceremony.
Nunekpeku told The High Street Journal the company is still evaluating options for a Kumasi project and expects to unveil it toward the end of the year. TDC first floated Kumasi as part of a five region expansion, alongside Ashanti, Central, Western and Eastern regions, at the Volta Economic Forum in November 2025, without giving it a firm launch date at the time.
In Tema, TDC is also pursuing a mixed use redevelopment tied to what Nunekpeku called the Tema Development Agenda, including an events centre, retail units and ten towers of fifteen storeys each. He called the project complex and state of the art, with clubhouses and other recreational facilities planned. The Ministry of Finance has separately cleared TDC to redevelop the Kaiser Flats and Italian Flats areas of Tema into high rise housing, part of what officials describe as a shift from low rise to high density development in the city.
Ghana established TDC in 1952 to manage Tema, and law confined it to the 63 square mile Tema Acquisition Area until a 2017 mandate change let it operate nationwide. Officials have tied the wider push to Ghana’s housing deficit, which traditional leaders in Ho put at more than 1.8 million units when TDC first announced the Volta project last year.
