NPP on STX Housing Deal

Over the last couple of months, the Atta-Mills led Government has been working on a US$10 billion affordable housing deal with STX Korea for the construction of 200,000 homes across Ghana in the next five years. That puts the average cost of each house at US$50,000. The NDC Government claims that this deal is the best answer to the over one million housing deficit Ghana faces.

For some strange reason, the financial and implementation details of the deal have been shrouded in so much secrecy. Not even the deal agreements currently before Parliament for approval answer the most important questions about this intransparent transaction. And the haste with which the Mills Administration wants to push this deal through before the public is able to discuss its implications on the economy and the country is most disturbing. It may interest the public to know that this was one of the reasons Parliament was recalled from recess recently. more >>>

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