[ 2012-05-08 ]
NPP: GREDA snub is a slap in the face of Ghanaians
The New Patriotic Party has described the
side-lining of Ghana Real Estates Developers
Association over the new government proposal of a
500 housing unit by a South African firm as a slap
in the face of Ghanaians.
The NPP made these remarks in a statement released
in Accra on Tuesday.
Below is the full statement
One sore point regarding STX, a South Korean
company, was the side lining of Ghanaian estate
developers who offered a detailed alternative,
built by Ghanaians at half the price STX was
With the failure of the STX, all have hoped
Ghanaian estate developers will be at the centre
of governmental partnership and support in the
delivery of affordable housing. It is therefore
with great sadness that we learn government has
embarked on yet another partnership with and
support for a foreign company, GUMA of South
Africa, to deliver 500 affordable housing units.
Ghanaian estate developers are once again side
lined. Their proposal on partnership and support
with government has not been responded to since
Between 2006 and 2008, the government of the day
partnered Ghanaian estate developers to deliver to
near completion 4,700 units of affordable housing
in Borteyman- Nungua, Asorkore- Mampong, Kpone,
Koforidua and Tamale.
With this record, it is difficult to understand
how Ghanaian estate developers cannot be partnered
and supported to deliver a mere 500 housing units,
especially after 3 years of trying and failing
with a foreign company.
Ghanaian estate developers, borrowing at interest
rates around 30%, have managed to put up
impressive housing developments such as the
Regimanuel Gray Estates, the Manets and Edloms,
Coastal Estates, Comets, Buena Vista Homes, etc.
With government support and partnership, Ghanaian
estate developers would be able to deliver even
more affordable houses.
The resort to partnership with a South African
company is therefore a slap in the face of capable
Ghanaian industry and expertise.
This resort to support and partnership with
foreigners is not only detrimental to Ghanaian
industry and enterprise, but also has many adverse
national effects such as repatriation of profits
and attendant weakening of our currency
The NPP strongly urges the government to
reconsider its housing development strategy to
focus on tapping the local expertise and capacity
that Ghanaian estate developers possess.
Director of Communications
Source - MyjoyOnline
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