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
-
Revocation of L.I. 2462 step in the right direction – Lands Ministry Spokesperson
21 minutes -
Afeku urges creation of world-class hospitality training school in Volta Region
37 minutes -
Ghana’s unemployment rate eases slightly to 13.0% in 2025 third quarter
41 minutes -
Climate change forcing migration as Farm Radio engages stakeholders on solutions
46 minutes -
Financial knowledge secures the future – NIB to Police Ladies
49 minutes -
Afeku calls for major tourism investment in Volta Region to drive jobs and growth
56 minutes -
BoG to engage more agencies to clamp down on unlicensed financial institutions
56 minutes -
US-based Ghanaian Lawyers, Embassy explore ‘Law Day’ to improve legal education among Ghanaians
56 minutes -
Tourism overlooked despite its power to transform economy – Catherine Afeku
59 minutes -
Standards compliance in Ghana still a work in progress – GSA official
60 minutes -
Fentuo, Tariq Lamptey Foundation donate jerseys to Tarsor Basic School
1 hour -
Go beyond profit: Business must empower people – Margins ID Group CEO urges youth
1 hour -
One of the most critical things now is how to manage Ghana’s debt – Joyce Bawah
1 hour -
Market leader Star Oil drops fuel prices with petrol selling at GH¢10.97 and diesel at GH¢11.79
1 hour -
Akufo-Addo should have stepped aside after first term – Joyce Bawah Mogtari
1 hour
