Accra Mail (Accra)

Ghana: Country's Real Estate Development - Boost From South Korea

The South Korean government has made available to Ghana a multi-billion cedi housing project that will roll out 200, 000 housing units over a five year period, beginning April 2010.

The deal will also lead to the construction of 300 executive-type units to supplement the state's obligation towards high ranking government officials including ministers of state, Members of Parliament and in support of protocol duties.

Mr. Albert Abongo, Minister for Water Resources, Works and Housing who disclosed this information to newsmen in Accra on his way to Seoul, said the agreement will lead to the building of 40, 000 units each year over the five year period.

This, he explained, will enable the government reduce by a fifth, a crippling national housing deficit pegged at one million units.Mr. Abongo said the project will give the housing industry a "facelift",

with the introduction of hi-tech Korean technology as well as providing direct employment to thousands of Ghanaians.

He said under the arrangement, the HFC Bank, Ghana's leading public mortgage lender, will play a key role in roping in the private sector in conjunction with STX Engineering and Construction Ghana Limited, a Ghanaian-Korea Consortium, which will do the actual construction.

The STX Company, Mr. Abongo explained, will do the construction on the basis of a turn-key module, whereupon the company designs and finance the project.

The government, he said, has a 45 per cent stake in the project which will be financed with an undisclosed package from the Korean government under an off-taker agreement.

To conclude what bodes to be a major leap for Ghana's real estate industry, the Minister is already in Seoul, at the head of a 14 member delegation to conclude the deal.

On the delegation is Mr. David Tetteh Assumeng, Member of Parliament for Shai-Osudoku, and Chairman, Parliamentary Select Committee on Water Resources, Works and Housing as well as Ms Cecilia Abena Dapaah, ranking member on the committee.

Mr. Abongo said the Seoul meeting will hammer out the details of the project but was hopeful that it would help give the Ghanaian real estate industry a major boost.

He said the South Korean government is determined to broaden its relationship with Ghana in several sectors such as housing, water, railways and energy.

Such a collaboration, he explained will lead to the rehabilitation of the Techiman and Wa water systems.

He said in a show of Korean determination for the housing project, they are to pay a reciprocal visit to Ghana four days after the return of his delegation so as to enable both cabinet and Parliament deal expeditiously with the agreement for construction to start in earnest.


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Comments 1 to 2 of 2 Post a comment

  • upliftdarace_144
    Dec 15 2009, 08:41

    HeyNow Afrikan Family !

    On Afrikans Investing In Technology , Afrikans abroad & In Afrika

    Should Invest In The Technologies around the world And Have It

    Shipped To Afrika With The Know-How To Do It Ourselves.. We

    SHOULD NOT just allow countries to come into our countries and build

    and settle on our lands. If you will allow a stranger to run your country,

    Then you will allow then to run your state. If you will allow a stranger to run your state,

    then you will allow them to run your city, your neighborhood, your home, your family,

    yourself.. We Black Afrikans will be free , when we stop selling ourselves !!!!!!!

    America (The Whore Of Babylon) Is Trying To Re-vive it'as dying

    soul via other ASIANS & CAUC - ASIANS , But Prophecy Is

    Pronounced :

    And in those times there shall many stand up against the king of

    the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR

    PEOPLE shall exalt themselves to establish the vision; BUT

    THEY SHALL FALL ! [Daniel 11:14 ]

    ATTENTION AFRIKA , you have 300 million citizens spread

    abroad that need your help getting back to our roots. While you

    are looking to countries like America & China to uplift Afrika, Many

    of us Black Afrikans spread abroad are proficient in a lot of useful

    technologies. Here is a brief synopsis of some of the inventions

    that Black Americans have produced. So please help us to get

    home.

    BLACK AFRICAN INVENTORS AND THEIR INVENTIONS

    * Sarah Boone - IRONING BOARD - April 26, 1892

    * John A. Burr - LAWN MOWER

    * Marie V. Brittan Brown - HOME SECURITY SYSTEM - Dec 2, 1969

    * Buridge & Marshman - TYPEWRITER

    * George Carruthers - X-RAY MACHINE

    * George Washington Carver - PEANUT BUTTER - PAINTS – PAINT STAINS – ETC

    * W.A. Dietz - SHOE

    * P.B. Downing - POSTAL LETTER BOX

    * Charles R. Drew - BLOOD PLASMA STORAGE SYSTEM

    * T. Elkins - TOILET (COMMODE)

    * Robert Flemming Jr. - GUITAR

    * George F. Grant - GOLF TEE

    * J. Gregory - MOTOR

    * Michael Harney - LANTERN

    * Augustus Jackson - ICE CREAM

    * B.F. Jackson - GAS BURNER

    * H.A. Jackson - KITCHEN TABLE

    * Ruane Jeter - DIGITAL TOASTER - April 14, 1987

    * Isaac R. Johnson - BICYCLE FRAME

    * John A. Johnson - WRENCH

    * P. Johnson - EYE PROTECTOR (GOGGLES)

    * W. Johnson - EGG BEATER

    * Frederick M. Jones - DEFROSTER - REFRIGERATION CONTROLS – AIR CONDITIONER

    * Jones & Long - BOTTLE CAPS

    * John H. Jordan - CLOTHES DRESSER

    * Mary B. Kenner - SANITARY BELT (TAMPONS) - May 15, 1956

    * Mary B. Kenner - BATHROOM TISSUE HOLDER - Nov 19, 1982

    * Mary B. Kenner - BACKWASHER ( BATHTUB OR SHOWER MOUNTED) - July 29,1987

    * Lewis Latimer & Nichols - ELECTIC LAMP

    * W.A. Lavalette - PRINTING PRESS

    * Maurice W. Lee PRESSURE COOKER

    * A.L. Lewis - WINDOW CLEANER

    * John L. Love - PENCIL SHARPENER

    * Tony J. Marshall - FIRE EXTINGUISHER

    * Alexander Miles - ELEVATOR

    * Jan E. Matzeliger - SHOE LASTING MACHINE

    * W.A. Martin - LOCK

    * Garrett A. Morgan - GAS MASK - Traffic Signal

    * Lydia Newman - HAIR BRUSH - Nov 15, 1898

    * Alice H. Parker - HEATING FURNACE - Dec 23, 1919

    * J.F. Pickering - AIR SHIP (BLIMP)

    * Purdy & Sadgwar - FOLDING CHAIR

    * W.B. Purvis - FOUNTAIN PEN

    * L.P. Ray - DUST PAN

    * W.H. Richardson - BABY BUGGY

    * G.T. Sampson - CLOTHES DRYER

    * .W. Smith - LAWN SPRINKLER

    * J. Standard - REFRIGERATOR

    * T.W. Stewart - MOP

    * Paul E. Williams - HELICOPTER

    * Granville T. Woods - Roller Coaster

    * Thanks to The Black Inventors Museum *

    * Address : P.O. Box 76128 - Los Angeles , Calif. (90076)

    * Phone (310) 859-4602)

    * Director : Ghanaian Mr. Hamza Salifa

    AND

    ONE AFRICA TOURS & SPECIALTY SERVICES LTD.

    * Major Contributor of Information : SEESTAH Imahkus Nzinga Ababio Okofo

    [ http://www.oneafricaghana.com/ ]

    P. O. Box CC 1251 - Cape Coast

    Ghana - West Africa

    What can you do to help us ?

    Start with contacting Pan-Afrikanist organizations like BLACK

    STAR MEDIA (Modelled after Marcus Garvey’s Vision For Afrika) : They are at

    [ www.libradio.net ]. The CEO of BLACK STAR MEDIA is Keidi-Obi

    Awadu. He has been on the frontline fighting for our freedom for

    over 30 years.

    It's Not A Question Of Other Learned Societies.

    It's The INFERIORITY COMPLEX WE HAVE TO SHED

    St. Paul In A Letter To The Christians In Rome Said :

    " For I say, through the grace given to me, to every man that is

    among you, NOT TO THINK OF HIMSELF MORE HIGHLY Than

    He Ought To Think; but to think soberly, according AS GOD HAS

    D EALT TO EVERY MAN THE MEASURE OF FAITH .

    We All Should Think Highly Of Ourselves, Keeping In Our Mind

    That God Gave Us Dominion Over The Earth

    , NOT EACH OTHER. !!!!!!!!

    So let's please help us to return to our Mama Afrika as Israel

    under Moses escaped their exile !!!!!!!

    MAMA AFRIKA YOUR CHILDREN WANT TO COME HOME !!!!!!!

    [Check Out :

    WHO BROUGHT THE SLAVES TO AMERICA ?

    [ http://isohunt.com/torrent_details/42787621/Who+brought+the+slaves+to+ameri ca?tab=summary]

    for full length video

    FRITZ SPRINGMEIER A Bold Christian Truthseeker The Top 13 Illuminati Bloodlines

    [ http://www.youtube.com/watch?v=k73Q2_f4vKU ]

    WAKE UP ! STAY UP MY BROTHERS & SISTERS !

    [ www.libradio.net ]

    [ www.gcnlive.com]

    - Life Is a Game. Have Fun. [ Luke 18:17 / Isaiah 11:6 ] :

  • upliftdarace_144
    Dec 14 2009, 07:04

    IS AFRIKA FOR SALE ?

    1) Points Of Interest :

    A) I’ve heard that one Afrikan country made a 99-year deal with an

    Asian country to lease a part of their land.

    B) China has given The Ghana Technology University College a

    $70 Million Dollar Memorandum ( ? Promissory Note ) ..Is This A

    Bribe Of Sorts ..Is Afrika For Sale ?

    2) How can anyone make a deal for the next generation ?

    3) What can we do about it ?

    4) Organize and get those crooks out of office or any position of

    power.

    5) Pray to God For insight and divine intervention.

    6) Afrika Is being targeted by many who are not respecting Afrika.

    7) We must stop selling ourselves and respect ourselves, our

    families and God.

    8) AFRIKA IS BEING FINANCIALLY & SPIRITUALLY GANG-RAPED

    By The ROBBERS OF OUR PEOPLE !!!!!!!

    But NEWS OUT OF THE EAST (CHINA?) AND OUT OF THE

    NORTH ( RUSSIA ?) shall trouble him: therefore he shall go

    forward with great fury to destroy, and utterly to make away many

    Revelations 16:12

    And the 6th angel poured out his vial upon the great river

    Euphrates; and the water of it was dried up, that the way of the

    KINGS OF THE EAST might be prepared.

    [Daniel 11:14 ]]

    And in those times there shall many stand up against the king of

    the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR

    PEOPLE shall exalt themselves to establish the vision; BUT

    THEY SHALL FALL !

    AFRIKA IS THE LATEST TARGET OF THE WHORE OF BABYLON :

    The Dazzling Lights Of Glamour Are Shining On A Country That Is

    Being Attacked On

    Multiple Levels . What Is Being Done To Afrika ( By Deception )

    Has Already Been Done In America And Other American-

    Influence Countries.

    Here Is A Brief Summary Of Some of The Attacks On Afrika :

    1) Islamic Slavery – going back to around 700 A.D – to the present

    2) European Slavery – around 1440 A.D. – 1800s

    3) American Slavery –around 1660 – 1963

    4) American Disguised Slavery via different names :

    a) So-called former slaves forced to work for their so-called

    former masters Many were lynched [ Read Ida B. Wells The Red

    Record & 100 Years Of Lynching ( By Ralph Ginzburg) –

    b) The Convict Lease System ( Late 1800s )– forced many

    Black Men To Work In Camps Called Prisons (Disguised As State

    Institutions), But Actually Owned By The Richest Former Slave

    Owners [ See Movies Like “Sounder” starring Kevin Hooks & “

    Life “ (A So-called Comedy Starring Eddie Murphy & Martin

    Lawrence]

    c) The Current Criminal Justice System – Has Used Unjust

    Laws To Target Blacks (Crack vs. Cocaine) And The Poor

    Whites Too (Meth & Crystal)

    d) Television was introduced to most of America and by the

    1960s it had replaced Radio as the leading Family entertainment.

    e) Media Today is being Used To Change Afrika into America :

    THE WHORE OF BabyLON !!!

    [Check Out :

    WHO BROUGHT THE SLAVES TO AMERICA ?

    [ http://isohunt.com/torrent_details/42787621/Who+brought+the+slaves+to+ameri ca?tab=summary ]

    for full length video

    FRITZ SPRINGMEIER A Bold Christian Truthseeker

    The Top 13 Illuminati Bloodlines

    [ http://www.youtube.com/watch?v=k73Q2_f4vKU ]

    WAKE UP !!! STAY UP !!!

    [ libradio.net ]

    [http://www.infowars.com/infowars.asx]

    [gcnlive.com]

    Life Is A Game. Have Fun . Luke 18:17 - Isaiah 11:6