Ten international and local companies have shown interest in completing the Saglemi Housing Project, the Minister of Works and Housing  according to Kojo Oppong-Nkrumah.

He mentioned that these companies had visited the project site to inspect the existing work and they are currently preparing their proposals, which are expected to be submitted by July 8, based on the Ministry's work plans.

The Minister made the disclosure during a press conference at the Parliament House in Accra, on June June 20, 2024 .

Once the proposals are received by the Ministry an independent evaluation entity would be put in charge to scrutinise and present reports based on which the government would award the mandate to a befitting bidder to complete and operationalise the project;

He explained that the government initially borrowed around $200 million to construct 5,000 housing units, of which only 1,506 are partially finished and can be seen at the Saglemi site.

He pointed out that the project is missing three essential components: water supply, electrical infrastructure, and sewage systems.

An evaluation by the Ghana Institute of Surveyors estimates that an additional $100 million is needed to complete these 1,506 units.

Due to financial limitations, Mr. Oppong-Nkrumah emphasised that it is difficult for the government to secure an extra $100 million after having already invested $200 million in the project.

The Minister went on to explain that given the current financial challenges, it became necessary that "Cabinet took a decision that we should select a private developer or a consortium of private developers and let them invest in it so that we can operationalise it".

However, the evaluation reports that will be presented by the independent entity that would scrutinse the bids would be published for transparency, the Minister said .

"We are committed to every single bid that we are receiving, eventually we will publish every single bid, we will also publish the evaluation report so that you see for yourselves how the various bids were evaluated.”

“So, everything is being done above board, so everybody can have confidence that it will stand the test of time," he noted.