December 14, 2010

The controversial STX Korean deal has officially been signed today.

The signing would finally pave way for the initial construction of 30, 000 housing units for the country’s security services out of a total of 200,000 units to be constructed over a five year period.

The signing took place at the International Conference Centre on Tuesday December 14, 2010 between the Minister of Water Resources, Works and Housing, Hon Alban Sumana Bagbin and the President of STX Corporation and the Chairman of STX Group.

Vice President John Dramani Mahama, who was widely expected to witness the event, was absent.

The signing of the controversial housing deal between the government of Ghana and Korea, suffered a major setback in September 2010 when certain legal discrepancies were detected on the day of signing the deal which was to take place at the Osu Castle.

The minority in Parliament had earlier opposed the deal stating that the terms and conditions offered in the agreement were not in the interest of the people of Ghana, since all the risk bearing is placed on Ghana.

Dignitaries who witnessed the ceremony were Deputy Minister for Water Resources, Works and Housing, Dr Hannah Bissiw, Attorney General Betty Mould Idrissu, and other top government and non-government officials.

Source: Kwadwo Anim/