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Newnic Homes to Shape Ghana’s Future with Novo Residence
Newnic Homes Limited, a trailblazer in the real estate industry, is set to revolutionize Ghana’s housing market with its highly anticipated project—Novo Residence.
Established in 2020, Newnic Homes has quickly become synonymous with quality, innovation, and sustainability in property development.
The company has already impressed with a string of successful developments, including The Concorde, The Nook, the highly sought-after Newnic Court—a premium gated community—as well as Newton’s Villa. These properties have earned widespread acclaim for their impeccable design, functionality, and environmental consciousness.
Now, with Novo Residence, located in the sought-after School Junction-Adjiringanor area, Newnic Homes is taking things to the next level.
This new project promises to set a new standard for modern urban living in Ghana, combining cutting-edge architectural design with luxury features and sustainable living practices. Novo Residence will offer state-of-the-art amenities and a contemporary aesthetic that appeals to today’s savvy homeowners and investors.
Beyond property development, Newnic Homes also offers comprehensive design-build services, covering architectural design, construction, and property sales—making it a one-stop solution for clients seeking a seamless and high-quality real estate experience.
The introduction of Novo Residence marks a bold new chapter in Newnic Homes’ mission to meet the growing demand for innovative, sustainable, and well-crafted residential spaces in Ghana. It is poised to make a significant impact on the country’s property market.
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
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