“Still Building, Not Bankrupt” – SuCasa Exposes Truth Behind Housing Allegations
Amid allegations and public scrutiny, SuCasa Properties reaffirms financial stability, legal compliance, and steady progress on flagship projects, while addressing Accra’s pressing housing challenges.
Real estate developer SuCasa Properties has reiterated its commitment to delivering affordable homes to Ghanaians, highlighting its progress on key housing projects despite economic pressures, industry challenges, and public scrutiny.
At a press briefing in Accra, SuCasa’s Public Relations Officer, Daniel Kofi Awuku-Asare, emphasized the company’s focus on supporting Ghana’s housing needs while ensuring compliance with legal and regulatory frameworks.
“Our mission is clear: to provide quality, affordable homes for Ghanaians. While we have faced delays in some projects, these are largely due to economic challenges affecting both the company and clients. We remain financially stable and committed to completing every project on schedule,” he stated.
Progress on Housing Projects
SuCasa reported notable achievements at its flagship O’Grantson Communities project. Phase 1 is fully occupied, Phase 2 is half occupied with some homeowners already moving in despite payment arrears, and Phase 3 is set for its first tranche of delivery by December 2025.
The company clarified its off-plan development model, explaining that funds collected from buyers are reinvested into ongoing construction. Refunds can only be processed once a cancelled property is resold, a practice supported by recent court rulings.
“Insolvency is defined as inability to pay, not unwillingness. SuCasa is not insolvent and will demonstrate this in the courts,” Mr. Awuku-Asare affirmed.
Legal Assurance
Livingston Dey, Esq., Chief Legal Officer of SuCasa Properties, underscored the critical role of the company in addressing Accra’s housing challenges.
“In the capital city, many people still sleep on the streets, while others are crowded into single rooms. Some citizens attempt to build their own houses, but they face enormous hurdles—land acquisition, registration, permitting, construction, mobilization of workers, security, infrastructure, and above all, financing.
These problems often appear overwhelming, but SuCasa has stepped forward in the face of these difficulties, delivering top-class buildings as you see here. And when challenges arise, we ensure everything is done strictly in accordance with the law. We want to assure the public that SuCasa conducts all its activities in line with legal specifications.”
Industry Role and Partnerships
SuCasa emphasized its contributions to Ghana’s broader housing sector, including its recognition in 2023 as the official private sector real estate partner of the Government of Ghana under the Diaspora Engagement Policy Framework Initiative.
The company also highlighted a renewed relationship with the Ghana Real Estate Developers Association (GREDA), pledging support for reforms aimed at addressing the nation’s estimated 1.8 million housing unit deficit.
Reaffirming Trust and Customer Support
Despite recent controversies, SuCasa reported that over 100 new customers have publicly expressed confidence in the company’s ability to deliver quality homes.
“We are solvent. We are delivering. And we remain determined to build affordable, quality homes for Ghanaians. Our trust with customers will never be broken,” Mr. Awuku-Asare said.
The company reaffirmed that all its operations comply with legal standards, reinforcing its position as a reliable developer addressing Ghana’s pressing housing needs.
Source: Isaac Kofi Dzokpo
