Two Bidders Shortlisted in Attempt to Complete Saglemi Housing Project

The Ministry of Works and Housing has announced the bidding list for the completion of the Saglemi Housing project has been reduced to two after “evaluation and due diligence”.

It’s now up to the government to choose between Broll Ltd and Quarm LMI Ltd to collaborate on the completion of the project which is long overdue.

A part of a statement issued by the Ministry on Tuesday read, “Broll Ltd and Quarm LMI Ltd have been shortlisted for final negotiations as Government concludes efforts to resume work on the Saglemi housing project.

“After weeks of evaluation and due diligence, transaction advisors Deloitte Ghana have notified the Government of Ghana that either of the two firms may be selected after negotiations to complete the project.”

The Ministry assured that the firm with the most favourable negotiating terms will be selected at the end of the process.

Meanwhile, the Minister, Kojo Oppong Nkrumah assured that the government will remain focused and meticulous in the transaction.

It would be recalled that the Ministry issued a statement in July, announcing at least ten (10) firms initially expressed interest in partnering with the government to finish the uncompleted project; however, only five submitted bids as of the close of the bidding process in July 2024.

Saglemi Housing Project
The project for the housing units started in 2012 to provide affordable housing for Ghanaians and address the country’s housing deficit.

The Saglemi Affordable Housing project located at Prampram in the Ningo Prampram District of the Greater Accra Region was originally meant to be a 5000-residential unit facility with one to three-bedroom flats.

The project stalled after the erstwhile administration was voted out of office, with the Akufo-Addo government fingering some former officials for procurement breaches following the value-for-money audit.

According to the government, the project approved by Parliament in October 2012 for the construction of 5,000 housing units, was reviewed downward to 1,500 units and later to 1,024 units.