Close Menu
The1957News
  • Home
  • News
  • Business
  • Lifestyle
  • Entertainment
  • Sports
  • International

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Mahama’s Supreme Court nominations expose NDC’s hypocrisy – Afenyo-Markin

July 17, 2026

Ghana can win next World Cup or AFCON if current team and coach are maintained – President Mahama

July 17, 2026

‘Consume some, but treat Nkoko Nkitinkiti as a business’ – Agriculture Minister to beneficiaries

July 17, 2026
Facebook X (Twitter) Instagram
The1957NewsThe1957News
Facebook X (Twitter) Instagram Pinterest
Subscribe
  • Home
  • News
  • Business
  • Lifestyle
  • Entertainment
  • Sports
  • International
The1957News
News

Government Plans to Sell Saglemi Housing Project to Private Developer

By the1957newsNovember 14, 2022
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Ghana government has said, it’s no more interested in the Saglemi housing project so it will be better to be given to a private developer to refurbish the housing units and sell to potential owners, according to the Ministry of Works and Housing.

Sector Minister, Francis Asenso Boakye disclosed this at a meet-the-press session in Accra on Sunday, November 13, 2022.

He indicated the government is helpless and crippled in finance and can’t make a further commitment to the Saglemi project.

Against this background, “we’re allowing for a private sector developer to take up the initiative to build and sell the housing units”, he said.

The Minister reiterated that “a committee will be commissioned to guide the process and ensure transparency in the bidding process”.

The Saglemi housing project was commenced in 2012 under the NDC government to build 5000 housing units.

This did not come to light due to alleged embezzlement.

He further stressed that the 1500 units built are currently inhabitable and an amount of about USD46 million is needed to provide water, electricity, and storm drains.

“Government doesn’t intend to expand more on the completion of the project. Government has decided to sell the project” he stated.

‘Unfruitful’ Conditions Of Service Negotiations
According to him, the high court is looking into the issues of embezzlement and anyone found culpable for a crime will be convicted.

Meanwhile, it is very opaque what the terms and conditions will be between the government and the private developer and what the state stands to benefit.

By Lawrence Odoom

Saglemi Housing Project
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
the1957news
  • Website

Related Posts

Mahama’s Supreme Court nominations expose NDC’s hypocrisy – Afenyo-Markin

July 17, 2026

Ghana can win next World Cup or AFCON if current team and coach are maintained – President Mahama

July 17, 2026

‘Consume some, but treat Nkoko Nkitinkiti as a business’ – Agriculture Minister to beneficiaries

July 17, 2026
Don't Miss
Politics

Mahama’s Supreme Court nominations expose NDC’s hypocrisy – Afenyo-Markin

Minority Leader Alexander Afenyo-Markin has accused the governing National Democratic Congress (NDC) of hypocrisy over…

Ghana can win next World Cup or AFCON if current team and coach are maintained – President Mahama

July 17, 2026

‘Consume some, but treat Nkoko Nkitinkiti as a business’ – Agriculture Minister to beneficiaries

July 17, 2026

Three arrested as NACOC seizes five million tramadol tablets valued at GH¢100m at Accra Airport

July 17, 2026
Top Posts

Mahama’s Supreme Court nominations expose NDC’s hypocrisy – Afenyo-Markin

July 17, 2026

Global Securities Finance Industry Generates US$829 Million

December 6, 2022

Max International holds leadership training in Accra with CEO Joseph Voyticky

May 12, 2022

Asamoah Gyan Praises Twellium Industrial company Products being beyond International Standards.

May 13, 2022
Stay In Touch
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • TikTok

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

The1957News Is Ghana’s Trusted Information Source, Delivering Timely Reports On Leading Political Figures, Entertainment, Sports, And Business.

Email Us: info@the1957news.com
Contact: +233 24 586 5939

Facebook X (Twitter) Instagram YouTube TikTok Snapchat Threads
Our Picks

Mahama’s Supreme Court nominations expose NDC’s hypocrisy – Afenyo-Markin

July 17, 2026

Ghana can win next World Cup or AFCON if current team and coach are maintained – President Mahama

July 17, 2026

‘Consume some, but treat Nkoko Nkitinkiti as a business’ – Agriculture Minister to beneficiaries

July 17, 2026
Most Popular

Mahama’s Supreme Court nominations expose NDC’s hypocrisy – Afenyo-Markin

July 17, 2026

Global Securities Finance Industry Generates US$829 Million

December 6, 2022

Max International holds leadership training in Accra with CEO Joseph Voyticky

May 12, 2022
The1957News
  • Home
  • News
  • Business
  • Lifestyle
  • Entertainment
  • Sports
  • International
© 2026 The1957News. Designed by King Bygone's Media.

Type above and press Enter to search. Press Esc to cancel.