Reverse sale of SHC guest house in Cape Coast
The Managing Director of the State Housing Company (SHC), Dr Mark Ankrah, has been ordered to reverse the sale of a guest house belonging to the company to a board member.
Advertisement
A statement to that effect signed by the Chief Director of the Ministry of Water Resources, Works and Housing, Alhaji Ziblim Yakubu, said the transaction was unacceptable and smacked of conflict of interest.
“The minister is unable to agree with the MD that the sale of the guest house in question to the member of the board is justified,” it noted.
It said following media reports on the transaction, the sector minister demanded a report from the management of SHC and that was presented to the minister on March 25, 2014.
The statement said after the minister had reviewed the report, he decided that the transaction be reverted with immediate effect.
It said the minister had also requested that evidence of the cancellation should be forwarded to him within one week .
“The minister acknowledges that the SHC is a limited liability and it is governed by the Companies Code, but it also has to be noted that the SHC is a company in which government has 100 per cent shares and, accordingly, its dos and don’ts should be guided by the general public interest,” it added.
According to sources close to the Daily Graphic, the property, which is situated in Cape Coast, was valued at GH¢65,000 in 2012 and sold for GH¢40,000 in 2014.
Other Trending Stories
When the Daily Graphic visited the guest house of SHC at the Low Cost Estates at Ola in Cape Coast, the facility had been closed, reports Shirley Asiedu-Addo, from Cape Coast.
Judging from the dusty windows and rooms, it was obvious that the house had not been used for a while.
There was a set of furniture in one of the rooms, while there was a set of old and broken-down furniture in another room. The windows were being gradually eaten by the sea breeze.
The caretaker of the facility was said to have gone to town but his wife, who did not give her name, said the house had not been used for a long time.