Be the first to get hottest news from our Editor-in-Chief
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Global site navigation
PAY ATTENTION: Сheck out news that is picked exactly for YOU â¡ïž find âRecommended for youâ block on the home page and enjoy!
The real estate community seems excited about the decision by the government to hand over the grand-but-abandoned Saglemi Housing Project to a private developer.
Minister of works and housing Francis Asenso Boakye disclosed during a meeting with the press on Sunday, November 13, 2022 that government is cash-strapped and wonât be able to make further financial commitments to the project.
Read also
Ghana president fires junior minister over graft allegations
Although the announcement has been criticised by a section of the public, the Ghana Real Estate Development Association (GREDA) has said the move would prevent the mammoth housing project from wasting away.
PAY ATTENTION: Click âSee Firstâ under the âFollowingâ tab to see YEN.com.gh News on your News Feed!
GREDA executive secretary Samuel Amegayibor said the move by the government clearly shows commitment to put the 1,500 housing unit to good use after many years of seeming neglect.
Amegayibor urged the government to take a closer look at the project and investigate the thinking that went into the decision if the initiators of the project to cite it on the outskirts of the main business districts.
Read also
Christians now turning to juju men because of economic hardship â Catholic Bishops
The one-of-its-kind project was approved by Parliament on October 31, 2012 after the consideration of a Report of the Joint Committee on Finance and Works and Housing on the projectâs associated loan agreement.
Ghana obtained $200 million credit facility from Credit Suisse International for the construction of the affordable housing units by Construtora OAS Limited.
The deal was for the construction of 5,000 affordable housing units when it was first sent to parliament but was later reduced to 1,500.
The completed project has been dogged with controversy under the current Nana Akufo-Addo administration.
Meanwhile, YEN.com.gh has reported in a separate story that Ghana is committed to upholdthe principles of the Paris Agreement.
Read also
Bank of Ghana causes arrest of 2 people for spreading fake news that resulted in panic withdrawals
Akufo-Addo has said Ghana is exploring options to include hydrogen gas and other clean energy in the country's energy mix.
The president said these when he presented Ghanaâs framework on energy transition at a high-level event organised by Bloomberg Philanthropies on Sustainable Energy for All at COP27 in Egypt.
New feature: Сheck out news that is picked for YOU â¡ïž find âRecommended for youâ block on the home page and enjoy!
Source: YEN.com.gh
Be the first to get hottest news from our Editor-in-Chief
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
Recommended for you
Be the first to get hottest news from our Editor-in-Chief
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
Be the first to get hottest news from our Editor-in-Chief
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
Be the first to get hottest news from our Editor-in-Chief
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news