Political aide to the flagbearer of the New Patriotic Party (NPP), Kofi Tonto claims former President Mahama misappropriated funds from Credit Suisse meant for the development of the Saglemi affordable housing project.
Kofi Tonto indicated that the former President received funds to contract some 5,000 homes but only managed to put up 1,513 homes.
“John Mahama took $200 million from Credit Suisse to build 5,000 homes, he squandered the money and only 1,513 homes, where is that money?” he stated.
The resolution, dated October 31, 2012, signed by the Clerk to Parliament, Mr Emmanuel Anyimadu, and delivered to the then Minister of Finance and Economic Planning, reads: “Parliament, at its Seventh Sitting of the Third Meeting held on Wednesday, October 31, 2013, approved by resolution the loan agreement between the Government of the Republic of Ghana and Credit Suisse International for an amount of $200,000,000 for the construction of 5,000 affordable housing units by Construtora OAS Limited for the general public.”
A joint parliamentary memorandum for the approval of the 5,000 affordable housing units by Construtora OAS Limited was dated September 20, 2012 and signed by the acting Chief Director of the Ministry of Water Resources, Works and Housing, Alhaji Ziblim Yakubu, and delivered to the Clerk to Parliament, with a copy to the Minister of Finance and Economic Planning.
The memo reads: “Honourable Members of Parliament are respectfully requested to consider and approve the loan agreement between the Government of Ghana and Credit Suisse International for an amount of $200 million for the construction of 5,000 affordable housing units.”
“The 5,000 affordable housing units will be sold to the general public through mortgage provided by Ghana Home Loans. The project will be executed by Construtora OAS Limited, under the supervision of the Ministry of Water Resources, Works and Housing,” it adds.
