Audio By Carbonatix
Government has decided to pursue STX Korea to recover all investments into the company and assets it provided to execute the now aborted housing project.
Works and Housing Minister, E.T. Mensah said this at a news conference in Accra.
The STX housing project which was expected to provide some 300,000 housing units has stalled due to long winding boardroom wrangling between the Koreans and their Ghanaian partners.
But E.T. Mensah says the government will leave no stone unturned in its desire to retrieve its assets.
Joy News’ Evans Mensah who was present at the news conference reported that government will also withhold any benefit that will accrue to STX.
The Minister would not however say how much government has invested in the aborted project, except to add that 15 sites were made available to the company for the construction of the houses.
The Minister said the government will take adequate steps to repossess all the lands made available to the Korean partners.
According to him, the Attorney General has been instructed to look into the details of the contract signed with STX and advice appropriately.
E.T. Mensah also reiterated government’s unwavering commitment to provide houses for the security personnel.
He said a housing committee has been set up within the ministry which is thoroughly looking into 40 proposals presented by private housing companies to build affordable houses for government workers, explaining that the 40 proposals have been shortlisted to four but with the bitter experience from STX, government is not in hurry to make it public.
He said until actual construction has started, the government will not make any ‘noise’ about it.
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
-
Peter Mac Manu buries wife on Saturday
14 minutes -
Man found dead in open drain at Wa SSNIT Residence
17 minutes -
VIDEO: Watch Bright Simons and Kpessa-Whyte clash over SIGA report on SOEs
18 minutes -
EXPLAINER: Why Chief Justice Baffoe-Bonnie’s ‘past eight years’ comments have sparked controversy
29 minutes -
Ghana, Uganda deepen upstream petroleum cooperation through peer learning
33 minutes -
Sam George opens Girls-In-ICT Open Day, urges girls to lead Ghana’s digital future
36 minutes -
‘No matter where you hide, we will come for you’ – IGP warns criminals
37 minutes -
Ghana, Burkina Faso deepen cooperation on Human Capital and AI
40 minutes -
‘We have the spaces, but they don’t meet demand’ – Kofi Asare on SHS placement
1 hour -
SHS placement: Gov’t taking steps to address challenges – Education Ministry assures
1 hour -
Mrs. Alice Serwah Manu
1 hour -
Christian Council commends GoldBod on responsible gold management
2 hours -
Government must scrap F9 barrier to SHS admission – Kofi Asare
2 hours -
Hollard Ghana Wins Customer Care Award for Third Consecutive Year
2 hours -
From almost deferring Medicine to becoming a doctor – Mariam’s scholarship journey
2 hours