Even though it is labeled affordable, the Saglemi Affordable Housing Project will not be affordable according to Fatimatu Abubakar, Deputy Minister of Information.
The project which will now be in the hands of a private developer was launched in 2012 to address the housing deficit in Ghana.
Public Works and Housing Minister Francis Asenso-Boakye, speaking during a series of press briefings in Accra yesterday, said that to facilitate the processes, a technical working team, made up of professionals and experts, has been put in place to oversee and direct all the commitments necessary to carry out the project.
Speaking on this, the Deputy Minister said that looking at the amount of money invested in the project, it cannot be affordable.
According to her, a unit can “cost more than $205,000”.
“The truth is that it will be misleading for me to say that this project will be affordable because the government has already invested $160 million and we need another $114 million…a two-bedroom apartment rooms will cost upwards of $205,000 per unit,” she said on Peace FM morning show ‘Kokrokoo’.
“The works at Saglemi are not yet complete. The government needs about $68 million to invest in on-site infrastructure works. And another $46 million for off-site projects such as water, electricity, storm sewers, etc. In all, we have a total of $114 million; government will do everything in its power to complete the project”.
According to her, “the monies from the sales of this project will be invested in other affordable housing projects”.
Listen to it in the video below
About the Saglemi Affordable Housing Project
The Saglemi Affordable Housing Project, launched in 2012 for the delivery of 5,000 housing units at a total cost of US$200,000,000.00 under an Engineering, Procurement and Contracting (EPC) agreement ) with Messrs. Construtora OAS Ghana Limited, had its initial contract amended three times, effectively reducing the scope of the project to 1,506 housing units, despite $195,854,969.52, representing 98% of the project funds having been spent.
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