Minister designate for Works & Housing in Ghana Kojo Oppong Nkrumah, in an episode of PM: Express Business Edition on JoyNews revealed the government's push for $100 million in private capital from investors to fast-track the completion of the Saglemi Affordable Housing project.

The government is seeking $100 million in private capital from investors to complete the Saglemi Affordable Housing project."I have instructed the technical working group on this housing project to proceed with an international expression of interest within the next five weeks. This initiative aims to attract private developers to finalise the project for utilisation," stated the Minister for Works and Housing.

The Minister further explained that the timeline for subsequent steps would be outlined by the working group during this five-week period, leading up to negotiations with the selected private partner to expedite the project's completion.

Following Cabinet's approval and a comprehensive project review, the Ministry of Works and Housing established a technical working group to ensure timely completion and address identified concerns.“At the end of this exercise, going into negotiations, we expect that the private partner the technical committee will settle, can help to quickly complete the project,” Kojo Oppong Nkrumah added.

Minister Kojo Oppong highlighted the need for additional funds revealed by a forensic audit to finalise the project but emphasised the government's stance on avoiding taxpayer money for completion, thus turning to private capital.

Despite concerns about the timeline, Minister Oppong reaffirmed the government's commitment to timely completion, citing Ghana's significant housing deficit of approximately 1.8 million and the necessity of suitable policies to tackle this challenge.

While some question the fundraising strategy and timing nearing the administration's end, the Minister emphasised the project's continuity as a government initiative aimed at providing vital affordable housing solutions for Ghanaians.