After nearly two 2 decades, the Ministry of Works and Housing has announced plans to refund the deposits made by Ghanaians interested in purchasing housing units initiated in 2005 Affordable Housing Project.
These particular Affordable Housing projects began in Kpone, Borteyman, and Asokore Mampong. Ghanaians who were interested in being allocated houses after the completion of these projects were made to pay a deposit to secure their spots.
Unfortunately, the projects encountered financial challenges causing them to stall in 2008. The Ministry, in order to resume the projects, handed them over to the Social Security and National Insurance Trust (SSNIT) and TDC Development Company Limited to complete.
The Asokore Mampong and Borteyman projects have successfully been completed while that of Kpone is still in progress.
The Ministry in a statement said while some Ghanaians were able to raise the additional payment to secure their housing units, others have not been able to do so. Following this development, a window of opportunity has been opened for depositors interested in pursuing a refund to do so.
“The Ministry wishes to invite all the affected allottees who are interested in pursuing the refund of their deposits to contact the Ministry of Works and Housing,” a statement announced.
The Ministry says affected persons are required to provide their offer letters, receipts for initial deposits made, and valid National ID Cards (Ghana Card).
Special provisions have been made for cases where depositors are unable to visit the Ministry due to health or other valid reasons. In such instances, an authorized representative with proper documentation can facilitate the process.
For deceased depositors, the next of kin must present Letters of Administration or probate along with their IDs.
The Ministry emphasized the urgency of the matter, noting that “this offer for verification and sign-off is valid from 28th November 2024 to 23rd December 2024, after which period the Ministry will indemnify itself from any liabilities relating to the initial deposits.”
This development marks a significant milestone in addressing the grievances of depositors who have waited nearly two decades for clarity regarding their investments.
