GENERAL NEWS

Developer announces completion of Saglemi Housing Project within 400 days

The Managing Director of Quarm-LMI Consortium, Kofi Adabor Ofori-Amanfo, has disclosed that his outfit is looking forward to completing the Saglemi Housing Project within 400 days.

This timeline includes the completion of the abandoned 1,506 housing units that have been sitting on the site for the past seven years.

While paying a courtesy call on the Ningo Traditional Council, he noted that preparatory works, including site clearance and debris removal, were ongoing.

He assured them that the housing project would be habitable for occupants as social amenities and a centralized sewage system would be constructed.

“We have already received the right of entry and broken ground. Preparatory work is ongoing, including site clearance and debris removal. Our goal is to deliver the project within 400 days,” Mr. Ofori-Amanfo said.

He added, “We are bringing in light, water, and a centralized sewage system to make the area habitable. Structural integrity tests are being conducted on the existing units to ensure quality and safety.”

Originally designed to deliver 5,000 affordable housing units, the Saglemi Housing Project received approximately $200 million in government financing.

However, by the time the project was halted, only 1,506 units had been partially completed, with the development deemed uninhabitable due to the absence of essential infrastructure such as water, electricity, and sanitation.

A subsequent valuation conducted by the Ghana Institute of Surveyors estimated that an additional $100 million would be required to complete the 1,506 unfinished units, financing which the government could not provide.

Following this, Cabinet approved sourcing private-sector financing and technical expertise to complete the project. A Request for Proposals (RFP) was issued in April this year to achieve this objective.

To ensure a fair and transparent process, the government engaged Deloitte Ghana as the Transaction Advisor to evaluate bids submitted by Afro-Arab Properties Ltd, Quarm-LMI Consortium, Dredge Masters-Titanium, Broll Ghana Ltd, and Masiltin Group on July 8, 2024.

On Friday, October 18, 2024, the government selected Quarm-LMI as the preferred developer to complete the long-stalled Saglemi Housing Project.

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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