Audio By Carbonatix
Mr Park Young-June, Deputy South Korean Prime Minister will pay an official visit to Ghana spanning Friday June 25 to Sunday June 27.
The visit is aimed at deepening bilateral relations and reconfirm South Korea's support for the STX Ghana National Housing Project.
A statement issued by Mr Bernard Kwabena Asamoah, Chief Executive Officer and Managing Partner of STX Engineering and Construction in Accra on Wednesday said the Deputy Prime Minister would hold discussions with his Ghanaian counterpart and inspect the ground breaking site for the construction of the housing units.
Mr Park will also meet with the Ministers of Water Resources, Works and Housing, Defence and also interact with the Leadership of Parliament.
The STX factory
The Ghana Housing Project is in two parts. The first component is the construction of 30,000 housing units for Ghana Police Service and Ghana Armed Forces under "Securities Services Housing" scheme.
The 170,000 housing units would be constructed for the private sector across the country.
STX is pre-financing the Securities Services Housing with a loan of $1.5 million cedis it has advanced to the Government of Ghana under a Suppliers Credit Facility.
Payment of the facility, which would span 20 years, would attract a two per cent interest rate and a five-year moratorium.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana not experiencing ‘dumsor’ despite occasional outages – Lom-Nuku Ahlijah
2 minutes -
ESLA stabilised energy sector but legacy debt remains major challenge – Analyst
3 minutes -
Peter Obi dumps LP, defects to ADC
22 minutes -
Proposed 5-Year Presidential Term Could Break Ghana Tradition of 8-Year Mandate
23 minutes -
Ghana Airways technical completion paves the way for a triple threat economic reset
31 minutes -
Cedi depreciation marked most disastrous period in Ghana’s economic management – Felix Kwakye Ofosu
44 minutes -
Walewale, Bolgatanga police investigate deadly checkpoint shooting
48 minutes -
Taxpayers to pay less under revised VAT structure from 2026 — GRA
51 minutes -
Bullish Andre Ayew talks up NAC Breda challenge
1 hour -
Cybersecurity Authority warns public against festive season parcel delivery scams
1 hour -
Andre Ayew joins Dutch side NAC Breda till end of season
1 hour -
It’s fair to say that the gov’t has started well on economic management – Oppong Nkrumah
2 hours -
Mahama inherited the worst economic situation in Ghana’s history, supervised by the NPP – Felix Kwakye Ofosu
2 hours -
Erasmus+ exposure can help cut youth unemployment – Ashanti region NSS director
2 hours -
When Fear Becomes Content: The Ebo Noah Prophecy and the Question of Accountability
2 hours
