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Economy / Ghana

Ghana

January 2012 | Risk Summary

The announcement by Ghanaian president John Atta Mills that the government is now seeking alternatives to the US$10bn STX housing project would appear to be the final nail in the coffin for a scheme that has been plagued by setbacks and controversy. The outcome is a highly embarrassing one for the government given the political capital invested, and leaves it no closer to meeting the country's housing deficit, which currently exceeds 1mn. The latest instalment in the STX housing saga places the authorities under significant pressure to find a new solution to the housing

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