A
46.7K posts







The state borrowed US$200 million plus interest to build 5,000 affordable housing units. The contractor was paid about US$180 million but delivered only around 1,500 houses, all of which are uninhabitable. The previous administration was prosecuting some former government officials, alleging they had caused financial loss to the state. After coming into office, the new government dropped those charges within two months, describing them as ill-conceived. Meanwhile, the contractor has taken the state to international arbitration over the termination of the contract and other claims. Ironically, the state now has to defend issues that were at the heart of the case it decided to discontinue. If it loses the arbitration, taxpayers could face even greater financial liabilities. So here’s where we are: - We borrowed money for 5,000 affordable houses that were never delivered. - Most of the money was paid out. - No one is currently being held accountable after the criminal charges were dropped. - The state could end up paying even more if it loses the arbitration. No affordable housing. Just abandoned buildings and the prospect of an even bigger bill for taxpayers.

“Lock the door and hand over the keys. We don’t want to see you here again.” — Ga Mashie traditional leaders visited Korle Woko to evict women believed to be engaging in prostitution. 🎥: KMS

















