Use Legal Means To Ensure Payment — Minister

blay pixThe Minister of Water Resources Works and Housing, Alhaji Collins Dauda, has urged the Tema Development Corporation (TDC), to use all legal means to ensure that people comply with the payment of fees associated with plot regularisation.

In a speech read on his behalf here on Tuesday during TDC’s 2012 Annual General Meeting, he said: “Government cannot continue to suffer from such misbehaviour, how else can we develop as a country with such indiscipline?”

He also urged the coporation to liaise with the relevant ministries and agencies to start addressing the issue of squatters in the Tema metropolis and ensure that measures were put in place to forestall future occurrence.

On the urban redevelopment programme for Tema, he said, it was necessary to renew the metropolis which was showing signs of decay as some of the buildings had run down badly and the issue of infrastructure appeared to be declining by the day.

He therefore, called on stakeholders especially the residents to understand the good intentions of TDC and help save the city that was once the pride along the West Coast of Africa.

Alhaji Dauda said as part of efforts by government to reduce the housing deficit which was now in excess of 1.7 million units, the ministry had released an initial 24 block of flats at the government affordable housing project site at Kpone to TDC for immediate completion, while the rest of the site would be handed over formally at a later date.

He said that component formed part of a total of 4,720 affordable housing units located at six sites in five regions that government was feverishly working on to complete so that it could house especially the middle to low income earners.

The Board Chairman of TDC, Mr. Emmanuel O. Adjetey, said the corporation generated gross income of GH¢28.9 million in 2012 adding that the amount was an increase of 82.9 per cent of the GH¢15.8 million reported in 2011.

He said profit before tax was GH¢10.6 million compared with GH¢4.3 million in 2011, while profit after tax was GH¢8.6 million compared with GH¢3.2 million in 2011.

Mr. Adjetey said in pursuant of the corporation’s 2012-2016 strategic plan which required colossal funding, major financial commitments had been made in the year under review making it imprudent to declare dividend.

The Managing Director of TDC, Mr. Joe Abbey, said the corporation was considering a number of options to deal with tenants that had not paid their land management fees and ground rent under the plot regularisation programme.

He said the corporation in 2012 completed 42 housing units at communities 22 and 25 and two new two-storey detached houses at Community 6 started in the year were about 80 per cent complete by the end of the year.

Mr. Abbey said eight block flats were to be constructed this year at Site 3, Community 1 to turn out 128 housing units.
He said a joint company had been formed between the TDC and Coronation Real Estates Ghana Limited to convert TDC’s abandoned conference centre at Community 6 into a four-star hotel and the old head office site into a modern shopping mall, adding that $80 million was being invested in the two projects.    From Godfred Blay Gibbah, Tema

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