MD of State Housing Corporation ordered to reverse sale of guest house

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The Managing Director of the State Housing Corporation, Dr. Mark Ankrah, has been ordered to reverse the sale of a guest house belonging to the Corporation to a board member.

Minister for Water Resources, Works and Housing, Alhaji Collins Dauda, says the sale is not in the best interest of the state.

He has therefore directed Dr. Ankrah to “show evidence within one week that the transaction has been aborted.”

The SHC has sold its guest house at Cape Coast in the Central Region to one of its Board Members.

But a statement signed by the Chief Director at the Ministry of Water Resources, Works and Housing, Alhaji Ziblim Yakubu, says the transaction is unacceptable.

“The minister is unable to agree with the MD that the sale of the guest house in question to the Member of the Board is justified,” the statement noted.

Even though Mr. Dauda “acknowledges that the SHC is a limited liability company governed by the Companies Code,” he said government is a 100 per cent shareholder and must therefore protect the public interest in the company’s dealings.

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