STX Project Taking Off As Korean Partners Paid Off

The controversial STX housing deal has taken a different twist with a boardroom wrangling ending in court that compelled the chief executive officer of STX Ghana, B. K Asamoah, to pay off his Korean partners. The amount paid to the Korean partners was undisclosed, but Asamoah has given indications that the project would take off anytime soon. The payment was aimed at ending the current fracas that stalled the project. Speaking on Joy FM on Tuesday, Mr. Asamoah apologised to the President of Ghana, John Evans Atta Mills, for the delays in seeing the project materialise. �With this settlement, I can assure him [President Mills] that we can now quickly move forward on this project and it will not have any effect on the timeline since we would engage more Ghanaians into the project,� he assured. Mr. Asamoah added: �The project as it stands now has the finances secured, the technology has been agreed on with the PIC, and the only difference was the direction of implementing the project. �The issue is not governmental, it is not personal, but commercial in nature so once we�ve agreed on some sort of settlement between myself and the South Koreans this should pave way for the project to take off as soon as possible. � The STX housing project is aimed at constructing 200,000 houses in Ghana within a period of five years. 30,000 of the housing units would be going to the country�s security agencies.