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General News Thu, 26 Jan 2012

GREDA cannot take over STX project - Deputy Minister

The Deputy Minister of Water Resource, Works and Housing, Dr. Mustapha Ahmed, says the Ghana Real Estate Developers Association (GREDA) cannot take over the failed STX deal, as is being speculated in the media.

He says the embattled STX housing company whose boardroom wrangling has stalled the government’s affordable housing project, still has a contract with the government of Ghana. Therefore any company that has interest in that bid must first broker a deal with them.

Speaking in an interview with Adom News, the Member of Parliament for Ayawaso East constituency who is currently seeking re-election explains that there are other projects that GREDA can put in proposals to execute under the government's affordable housing projects.

He said currently the country has one million and five hundred thousand housing deficits that any real estate developer in Ghana can take advantage of.

Meanwhile, the Deputy Minister revealed that there are other estate companies such as AGU Resources which are putting up over ten thousand houses under the government's affordable housing project at Nsakina near Amasaman in the Greater Accra Region.

According to him, the operation of land guard’s activities in the area is frustrating the progress of the work on the project.

Source: myjoyonline