• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, January 5, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Tenants Union Of Ghana In Disagreement With Gov’t’s Attempt To Sell The Saglemi Housing Project to private Investors – Secretary

M.Cby M.C
February 6, 2023
Reading Time: 3 mins read
Saglemi Housing Project

Saglemi Housing Project

Mr. Frederick Opoku, the General Secretary of the National Tenants Union of Ghana (NATUG), has criticized the Akufo Addo led government for its incapability to build more affordable houses to solve the issue of accommodation in the country.

The secretary disclosed that the Tenants Union of Ghana is in disagreement with the government and is ready to resist the government’s attempt to sell the Saglemi Housing Project to private investors.

This comes after The Minister for Works and Housing, Hon. Francis Asenso-Boakye, announced Government’s decision to explore the possibility of selling the Saglemi Housing Project, covering the 1,506 housing units, at the current value to a private sector entity to complete and sell at no further cost to the State.

RelatedPosts

Ghana Condemns US ‘Unauthorized Invasion’ of Venezuela, Demands Release of Maduro

Edudzi Tameklo Labels NDC Succession Debates As Premature Amid Governance Focus

Foreign Ministry Negotiates Release Of Ghanaian Prisoner Of War In Ukraine

Mr Opoku opined that the government is more capable of raising the funds needed to complete the project than relying on a single individual to complete the building single-handedly.

“Is it not also a cause of their negligence as a government to complete Saglemi and give it for people to rent? government cannot get 46 million to fix drainage to put the light in order but rather give it to a private individual who must go and search for 46 million, come, finish it and selll it how much he wants to sell it.”

Mr Opoku

According to the secretary “we are about to petition cabinet, they should stop the ministry, stop the government from entering into Saglemi, and give it to a private individual so that at least we can still finish with it.”

National Rental Assistance Scheme

Speaking in an interview, Mr. Fredrick Opoku described the National Rental Assistance Scheme initiative as ‘Lazy Jerk’ approach to solving the problem of rent in the country, explaining that granting rent loans to people is only solving the problem partially.

ADVERTISEMENT

“Now we are here talking about rent advance, giving loans instead of government getting to building houses. For me it is somehow a lazy jerk appraoch and simple way of solving problems. However, though we agree the scheme is good, we think that they should build more and that is the panacea not giving loans to people. It is partly going to solve the problem but not exhaustive.”

Mr. Opoku

The government of Ghana launched the National Rental Assistance scheme on Tuesday, January 31, 2023 at the Accra International Conference Centre to facilitate accessibility and affordability in rental housing to eligible Ghanaians.

dr mahamudu bawumia
Dr Mahamudu Bawumia

The Vice-President, Dr Mahamudu Bawumia, who launched the scheme revealed that the government has set aside GH¢30 million as seed money towards the implementation of the scheme. He said the scheme would be rolled out initially in the Greater Accra, Ashanti, Western, Eastern, Northern and Bono East regions.

Dr Bawumia also made known the scheme would enable Ghanaians with identifiable and regular income to apply, and when approved, the rent would be paid directly to their landlords, who would also be required to register with the scheme.

According to him, unlike previous policies which are often marred by defaulters, the National Rental Assistance Scheme is in collaboration with private investors who would not want their investments to go down the drain and will use any means possible to retrieve their funds which will also eliminate any form of political interference. He also disclosed that the government through the Ministry of Works and Housing has submitted a bill to Parliament seeking to replace the current rent law which was passed over five decades ago and has lost its relevance.

The scheme has received over 600 applications since the launch on Tuesday.

READ ALSO: Regulation Of Fuel Prices Under Gold-for-Oil Only Short-Term – NPA Communications Manager

Tags: ghanaGovernmentRent ChargesVeep Dr. Mahamudu Bawumia
Share3Tweet2Share1SendSend
Please login to join discussion
Previous Post

GoG Likely To Default In The Payment Of 5-year Bonds Maturing On February 6, 2023 – Analysts

Next Post

FNB’s Advice-Oriented Approach On Financial Services Merits It ‘Strongest Banking Brand’ In The World

Related Posts

Ghana's Minister for Foreign Affairs, Hon. Samuel Okudzeto Ablakwa
General News

Ghana Condemns US ‘Unauthorized Invasion’ of Venezuela, Demands Release of Maduro

January 4, 2026
Godwin Edudzi Tameklo, Acting CEO of the National Petroleum Authority
General News

Edudzi Tameklo Labels NDC Succession Debates As Premature Amid Governance Focus

January 4, 2026
Hon. Samuel Okudzeto Ablakwa, Minister of Foreign Affairs and Regional Integration, With the Acting Ambassador of Ukraine to Ghana, Ivan Lukachuk
General News

Foreign Ministry Negotiates Release Of Ghanaian Prisoner Of War In Ukraine

January 3, 2026
Professor Stephen Kwaku Asare
General News

Mahama’s New Year Address Signals Bold Governance Reset, Says CDD-Ghana Fellow

January 3, 2026
Hon. Donatus Atanga Akamugri, Upper East Regional Minister
General News

Bolgatanga To Get Dedicated Remand Centre To Bolster Justice Delivery

January 2, 2026
President John Dramani Mahama
General News

2026: A Year of Acceleration and Expansion – Mahama Signals Bigger Push After 2025 Gains

January 2, 2026
MIIF CEO Vows to Consolidate 2025 Economic Gains as Fund Targets World-Class Status in 2026
Economy

MIIF CEO Vows to Consolidate 2025 Economic Gains as Fund Targets World-Class Status in 2026

by M.CJanuary 4, 2026
USA

Maduro Held At New York Facility After Capture

by Comfort AmpomaaJanuary 4, 2026
Ghana’s Gold trading
Extractives/Energy

Dr. Manteaw Urges Support for GoldBod as Key to Ghana’s Mineral Value Retention

by Prince AgyapongJanuary 4, 2026
Ghana's Minister for Foreign Affairs, Hon. Samuel Okudzeto Ablakwa
General News

Ghana Condemns US ‘Unauthorized Invasion’ of Venezuela, Demands Release of Maduro

by Evans Junior OwuJanuary 4, 2026
Godwin Edudzi Tameklo, Acting CEO of the National Petroleum Authority
General News

Edudzi Tameklo Labels NDC Succession Debates As Premature Amid Governance Focus

by Silas Kafui AssemJanuary 4, 2026
NAIMOS Officers
Extractives/Energy

Galamsey Fight: NAIMOS Arrests 5 Persons in Eastern Region Over Impersonation

by Bless Banir YarayeJanuary 4, 2026
MIIF CEO Vows to Consolidate 2025 Economic Gains as Fund Targets World-Class Status in 2026
Ghana’s Gold trading
Ghana's Minister for Foreign Affairs, Hon. Samuel Okudzeto Ablakwa
Godwin Edudzi Tameklo, Acting CEO of the National Petroleum Authority
NAIMOS Officers

Recent News

MIIF CEO Vows to Consolidate 2025 Economic Gains as Fund Targets World-Class Status in 2026

MIIF CEO Vows to Consolidate 2025 Economic Gains as Fund Targets World-Class Status in 2026

January 4, 2026
gettyimages 2247915557

Maduro Held At New York Facility After Capture

January 4, 2026
Ghana’s Gold trading

Dr. Manteaw Urges Support for GoldBod as Key to Ghana’s Mineral Value Retention

January 4, 2026
Ghana's Minister for Foreign Affairs, Hon. Samuel Okudzeto Ablakwa

Ghana Condemns US ‘Unauthorized Invasion’ of Venezuela, Demands Release of Maduro

January 4, 2026
Godwin Edudzi Tameklo, Acting CEO of the National Petroleum Authority

Edudzi Tameklo Labels NDC Succession Debates As Premature Amid Governance Focus

January 4, 2026
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address