Audio By Carbonatix
The Minority Leader in Parliament Osei Kyei Mensah Bonsu has reiterated the minority’s commitment to ensure that loan agreements to finance the controversial STX Korea Housing project are properly scrutinised.
Mr. Kyei-Mensah-Bonsu underscored the need for due diligence to be done before any agreements on the deal are approved.
The Minority Leader, who is also the MP for Suame in the Ashanti Region was reacting on Adom FM to a publication that the Minority plans to boycott parliamentary sitting over the approval of loans for the STX housing project.
The Minority Leader told Adakabre Frimpong Manso on Dwaso Nsem on Wednesday that the they are not boycotting the approval of the STX Korea housing deal, but are calling for proper due diligence to be done before the approval so that MPs can best explain the details of the project to the ordinary Ghanaian.
Mr. Osei Kyei-Mensah-Bonsu raised issues about the source of funding for the project arguing that the ambiguities in the contract did not inspire enough confidence that the needed funds will be raised for the project.
The project was expected to begin early this year but has stalled because the project contractors have apparently been unable to raise the US$1.5 billion needed for the first phase of the project.
The entire project which is valued at 10 billion dollars involves the construction of 200,000 housing units; 30,000 of which will accommodate personnel of the security forces whilst the remaining would be put up on the market for Ghanaians to acquire through mortgage facilities spread over 15 years.
Story: Akuamoah Boateng/Adom News/Ghana
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
-
Gender Ministry supports Harriet Amuzu in ongoing abuse case
7 minutes -
AG joins plaintiff to scrap OSP ?: We should be mindful of the mischief in this – Bobby Banson
13 minutes -
Samson Lardy Anyenini questions willingness of Attorneys-General to prosecute political colleagues
15 minutes -
It is only fair the OSP is heard in Supreme Court case – Bobby Banson
21 minutes -
Asiedu Nketia resumes Ashanti tour, second leg kicks off on Sunday
30 minutes -
NLA denies salary cut claims, threatens legal action over reports
34 minutes -
BoG Governor honoured for stabilising cedi, improve inflation
36 minutes -
Kyebi Easter Homecoming 2026: A resounding success!
1 hour -
Trade Minister applauds GUTA as a pillar of economic growth; Prez Mahama honoured
2 hours -
President’s brother’s takeover of Damang Mines is ‘untidy’ – Alhassan Tampuli
2 hours -
It’s not true that gov’t decided not to renew the lease for Gold Fields – Bobby Banson
2 hours -
Ghana to boost tomato production with 60-hectare irrigated farms and processing initiatives
2 hours -
E&P’s takeover process of Damang Mines was very clean – Inusah Fuseini
2 hours -
Damang takeover: There is not going to be any job loss; it is a lease change – Bobby Banson
3 hours -
Gold Fields didn’t stop mining at Damang mines; such claims are untrue – Bobby Banson
3 hours