The Tema Development Corporation (TDC) at its Annual General Meeting (AGM) held on Thursday, 12th October 2023, announced an increased in its total revenue from GH¢116.59 million in 2021 to GH¢136.6 million in 2022. The Corporation’s profit before tax also increased from GHS41.68 million in the year 2021 to GHS 49.85 Million in the year 2022, representing an increase of 19.60%.

In pursuit of completing Government’s Affordable Housing Project at Community 26 (Kpone), the Board Chairman of TDC, Hon. Kofi Brako disclosed that TDC have so far completed seventy-one (71) blocks of flats in a gated community comprising studio, one bedroom and two bedrooms, making a total of 1,072 apartments under the Community 26 Affordable Housing Project

“I am happy to announce to you, our esteemed Shareholder, that your Company, TDC Development Company Limited continues to maintain its leadership among State-Owned Enterprises in Ghana.

“For the 2022/2023 auditing year, the Audit Committee of TDC was adjudged the overall best Audit Committee (State-Owned Enterprises category) conferred by the Internal Audit Agency. This was as a result of your Board of Directors’ continuous pursuit of good corporate governance practices in compliance with the provisions of the Public Financial Management Act, 2016 (Act 921)”. The Board Chair added.

The sector Deputy Minister Hon. Abdulai Abanga (MP) commended TDC for delivering on its mandate of planning, developing, and managing the Tema Acquisition Area in the last 71 years.

Acknowledging TDC Development Company Limited as a prominent player in the field of housing and sustainable community development, Hon Abanga said the Company has consistently played a crucial role in contributing to the development and growth of the housing sector in the country.

This, he added, positions TDC with significant potential to expand operations beyond its boundaries to have a nationwide impact. “In light of this, I encourage you to reevaluate your business practices and embrace contemporary methods for engaging a broader audience within Ghana” he stated.

Touching on TDC’s Redevelopment Programme, the Managing Director, Ms. Alice Abena Ofori-Atta said it has already commenced with the demolition of six (6) dilapidated blocks of flats under the first phase to pave way for the programme. “We are relentlessly putting in much effort to complete the demolition of the remaining seven (7) blocks under Phase II”, she added.

Ms. Ofori-Atta indicated that TDC has consistently contributed to the well-being of communities within the Tema Acquisition Area and beyond through its corporate social responsibility projects and donations in the areas of education, health, sports, environmental programs and financial support.

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