By: Franklin ASARE-DONKOH
Real estate developer Trasacco Company has condemned recent demolitions on its project site along the Accra–Tema motorway, describing the actions as unlawful, baseless, and damaging to investor confidence.
In a strongly worded statement, the company reaffirmed its lawful ownership of 270.1 acres of land in Tema, acquired from the Tema Development Corporation (TDC) through an agreement in 2004 and formalized by a lease dated November 29, 2012.
The real estate developer noted that for nearly twelve years, it has developed the land without encumbrances, enabling clients to lawfully acquire plots and build homes.
“Until recently, our clients enjoyed peaceful occupation without any third-party encumbrances,” the company said.
Trasacco expressed regret over attempts by some individuals to stir up religious sentiment by falsely involving the National Chief Imam in the land dispute. According to the company’s Director of Security, Col. Salifu (Rtd.), the Office of the Chief Imam confirmed that no such claims or publications had been authorized.
The developer further alleged that military personnel, purportedly deployed from Jubilee House, aided encroachers in demolishing fence walls and properties belonging to Trasacco and its clients.
“These actions, carried out without verifying the truth or engaging with us, have caused significant distress to families who trusted Trasacco with their investments,” the company stressed.
Trasacco also rejected media reports suggesting it had blocked access to any group, including a “Muslim Community,” calling such claims misleading and designed to inflame tensions.
The company is calling for an immediate investigation into the demolitions and the arrest of perpetrators, insisting that the rule of law must prevail.
“We remain committed to delivering quality homes and a thriving community in Tema, undeterred by this orchestrated disruption. Let truth and fairness guide us forward,” Trasacco said.
