The government intends to turn over the development to a private company for completion within the next 14 days as talks to restart the long-stalled Saglemi Housing Project are almost complete.
On Monday, September 30, 2024, in Accra, the Minister of Works and Housing, Kojo Oppong Nkrumah, gave this information during a press briefing.
Oppong Nkrumah made the request last month, and President Akufo-Addo just approved a negotiation framework with chosen bidders.
The government invested about $200 million in the Saglemi Housing Project, which was originally intended to provide 5,000 affordable dwellings.
But by the time work stopped, just 1,506 apartments were completed and unusable due to a lack of basic utilities including electricity, water, and sanitary facilities.
A subsequent assessment by the Ghana Institute of Surveyors revealed that, an additional $100 million was required to complete the project, a cost the government was unable to meet.
“Cabinet has instructed the Ministry of Works and Housing to explore selling the partially completed Saglemi project to a private developer, who would finish and sell the units without any further government expenditure. We expect to conclude negotiations within the next 14 days,” Mr Nkrumah stated.
Mr. Nkrumah also reported on developments regarding other housing projects that had reached a standstill, such as the Koforidua Affordable Housing Project, whose construction has been turned over to the State Housing Company Limited, with an emphasis on guaranteeing efficiency and high standards.
