Gov't to renegotiate $14 million Veep’s villa contract

Government says it will renegotiate the $14 million contract awarded by the previous government for the construction of a state residence for Vice Presidents.

Vice President, Dr Mahamudu Bawumia made this known on Tuesday at the maiden presidential media encounter at the Flagstaff House in Accra.

Describing the $14 million expenditure for the bungalow as “too high”, Dr Bawumia gave the assurance that government remained resolute to use national resources judiciously for the development of the country.

“Government will not accept the $14 million expenditure and, thus, would undertake a re-negotiation to slash the cost down to a reasonable level to protect the public purse,” he said.  

Dr Bawumia on the assumption of office accused the Mahama-led administration of inflating the contract figures of the project pegging at a cost of $13.9 million.   

He did not understand why any government would invest such an amount into such a project at a time that the country was battling with dire economic challenges.