Ablakwa: $50 million needed to complete Presidential Palace

Ablakwa: $50 million needed to complete Presidential Palace
Audrey Micah, Ghanadot

Accra, Oct 2, Ghanadot - Government would have to raise at least US $50 million dollars additional funds to complete the Golden Jubilee House; the new seat of government.

The edifice built by the Former President John Agyekum Kufuor was to “create a credible spiritual and psychological centre to inspire the self-confidence and the clear identity of the national persona..”

From the initial estimation of the project, the Indian Government made available $30 million as grant, while the Government of Ghana was to provide a counterpart funding of $6.9 million.

When the NDC took over the administration of the country in January 2009, a member of the Executive Asset Declaration Committee of the Government Transitional Team, Nana Ato Dadzie disclosed that an additional $12 million dollars was required to fully complete the Golden Jubilee House.

But in an interview on Citi FM, Samuel Okudzeto Ablakwa said although a greater portion of the building has been completed, there are some aspects left which would require at least fifty million dollars to complete.

According to him, an amount of $35 million would be needed to construct a security post behind the premises of the Ghana Broadcasting Corporation. .

“We would need some extra thirty five million for a security post. Negotiations are underway with GBC who are original owners of the land.”

“$15 Million would be used for landscaping while $ 2 million dollars would be used as a resource fund to be paid to the director of the project”.

Ghanadot