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 names 13-athlete contingent for Dakar 2026 Youth Olympics
11 minutes -
Outstanding challenges in school placement will be addressed before schools reopen – Education Minister
2 hours -
Akufo-Addo to attend NPP National Delegates Conference as party begins rebuilding process
2 hours -
Today’s front pages: Thursday, September 17, 2026
2 hours -
GRA questions GH¢79.65m Servestar Minwax claim, seeks independent audit
3 hours -
PROTOA sets September 21 for indefinite strike over rising transport costs
3 hours -
NPP must unite and rebuild for 2028 – Akufo-Addo
3 hours -
Ex-convict arrested for allegedly posing as soldier and extorting residents in Ashaiman
3 hours -
Diesel could hit GH¢28 without government support – NPA CEO
3 hours -
Four-year water crisis deepens hardship in Agbozume
3 hours -
Denmark, Ghana must deepen green industrial partnership
3 hours -
LEAP new grant rates take effect this month, says Gender Minister
3 hours -
Ghana shifts from advocacy to enforcement on gender equity, disability inclusion
3 hours -
Ho West communities benefit from 2026 big push rural electrification
3 hours -
Dorcas Afo-Toffey pledges to sustain SHS scholarship support in Jomoro
3 hours