John Mahama’s name pops up in $280 million housing scandal

John Mahama’s name pops up in $280 million housing scandal

- Former president John Mahama's name has popped up in a scandal tied to the Saglemi Housing Project

- Information available suggest that the number of units were varied but the cost of building the houses remained the same

Former president John Mahama has been named in a $280 million housing deal that has sparked controversy.

The Saglemi Housing Project has become the centre of a scandal following reports of changes in the nature of the project. understands that the number of houses, initially pegged at 5000, were reduced to 3000, and later 1500, whilst being valued at the same $280 million.

A photo of a housing project
Source: UGC

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The NDC’s administration, per a report, paid 80% of the contract sum upfront.

At the moment, investigations have revealed that only 600 units have been constructed, and 200 of them can be occupied with little work, and that is if people are willing to occupy them in such a state.

The development does not have any drains or sewage systems and is not likely to sell until such systems are put in place, sources have revealed.

The contractors for the project, Constratora OAS Ghana Limited, are claiming they could not finish the job because the remaining 20% was not paid.

The decision to terminate the contract was communicated to government on February 18, 2019.

At a contract sum of $280 million for only 600 units, it implies each unit was constructed at an estimated cost of about $467,000.

It has been gathered that the Akufo-Addo’s administration is to spend more money to complete the project through either borrowing or spending the taxpayers’ cash.

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Source: Yen

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