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
-
NDC Akatsi South suspends campaign activities following organiser’s death
10 minutes -
He lived his life in preparation for the hereafter – Dr Bawumia pays touching tribute to late Dagomba Chief of Accra
14 minutes -
Gov’t, PUWU meet today over proposed private-sector role in ECG, NEDCo
14 minutes -
Spreading drug abuse could rob Ghana of future leaders – NPC
19 minutes -
Configure SHS tablets to stop student misuse, government urged
24 minutes -
MoFA, ABC Oyeasase Yie to establish $50m organic fertiliser facility
29 minutes -
Embrace eco-friendly practices, technical skills – Chief urges Ghanaians
35 minutes -
Tumu landlord gives road encroachers a 2-week ultimatum to relocate for road construction
40 minutes -
Gold shipments resume after August slowdown – BoG Governor
45 minutes -
Nana Yaa Jantuah calls for renewed commitment to Nkrumah’s vision
51 minutes -
CAGD explains delay in teachers’ promotion arrears, says 6,079 cases already paid
56 minutes -
Fuel, taxes and loans are driving up airfares – Prof Quartey
1 hour -
Ghana, Côte d’Ivoire mark major border milestone with 37 new pillars
1 hour -
Almost everything in Ghana is expensive – CUTS Director on airfare debate
2 hours -
NAFCO builds GH¢100m food buffer as Ghana moves to strengthen food security
2 hours