Saglemi Housing ‘fraud’ details out

Details are emerging about how $200 million earmarked for the construction of 5,000 housing units by the Mahama-led National Democratic Congress (NDC) administration was started and could not be completed despite huge sums paid to the contractor.

The deal was approved by Parliament but by the time it was being executed, the number of housing units had reduced drastically from the approved 5,000 to 1,024 without recourse to Parliament.

Interestingly, the cost for the project remained at $200 million despite the variation from 5,000 to 1,024.



The whole deal

The deal was initiated at the Castle exactly five days after the late President John Evans Atta Mills had been buried on August 10, 2012 and his Vice, John Mahama, had taken over.

It all started with a purported memo on August 15, 2012 from the Cabinet Secretary to the Ministry of Finance and the Minister of Water Resources, Works and Housing and copied to the Secretary to the President, Vice-President and Chief of Staff.

It was purportedly titled: Executive Approval for the construction of 5,000 affordable housing units for the sale to the general public through mortgage provided by Ghana Home Loans and implemented by Constructora OAS Limited through a buyer’s credit of up to $200 million.

Source:Daily Guide Network