General News
LMI Holdings: The Ghanaian Company Chosen to Revive the Saglemi Housing Project
The government has taken steps to bring the long-delayed Saglemi Housing Project back to life, with Ghanaian business group LMI Holdings selected as the preferred developer to complete the development.
The selection followed an evaluation process conducted by a government-appointed team responsible for assessing potential developers capable of taking over and completing the project.
According to a report published by Graphic Online on October 18, 2024, the evaluation team included representatives from the Ministry of Works and Housing, the Office of the Attorney General and Ministry of Justice, the Ministry of Finance and Deloitte, with technical support provided by the Ghana Institution of Surveyors.
In a statement issued by the Ministry of Works and Housing on October 18, 2024, it was disclosed that the Quarm-LMI Consortium and Broll Ghana Limited had emerged from an initial group of five bidders and were shortlisted for further negotiations.
Broll Ghana Limited is a joint venture involving the Social Security and National Insurance Trust (SSNIT), SIC Insurance PLC and Broll Property Group (BPG), a South African property services company.
The Quarm-LMI Consortium, on the other hand, brings together LMI Holdings and Quarm. LMI Holdings has extensive interests in industrial park development and real estate, while Quarm contributes expertise in areas including logistics, utilities and finance.
The preferred developer is expected to be formally procured to complete the remaining 1,506 housing units at Saglemi.
Once completed, the houses are expected to be sold to members of the public, with salaried workers and organised labour identified as an important segment of the target market.
LMI Holdings’ Completion Commitment
The latest development came after President John Dramani Mahama inspected the Saglemi Housing Project in the Greater Accra Region on Thursday, August 20, 2026.
An update posted on the Jubilee House Facebook page stated that LMI Holdings had made a commitment to complete the project within a defined timeline.
Under the revised plan, the developer is expected to finish the first 700 housing units by March 2027.
The first phase, comprising 1,500 units, is scheduled for completion by December 2027.
The commitment represents a renewed attempt to complete and bring the long-stalled housing development into productive use after years of delays.
Who is LMI Holdings?
LMI Holdings is a diversified Ghanaian business group with investments across several sectors of the economy.
Its interests cover areas such as construction, industrial park development, real estate, warehousing, logistics, utilities and information and communications technology (ICT).
The company was established in 1991 and has since grown into a group of companies operating across different areas of Ghana’s economy.
LMI Holdings is headed by Kojo Aduhene, who serves as the company’s Chairman and Chief Executive Officer.
Aduhene holds a Bachelor of Science degree in Civil Engineering from the University of Leeds and has built extensive experience in the construction and infrastructure sectors.
Following his university education, he worked on major projects in the United Kingdom, including the Channel Tunnel, which links the UK with continental Europe, as well as the Docklands urban redevelopment project.
He returned to Ghana in 1991 and established John Murphy Construction, which later evolved into LMI Holdings. The business subsequently developed into a diversified group with interests in civil engineering, property development and utilities.
LMI Holdings’ Track Record
Over the years, LMI Holdings has expanded its operations beyond construction into infrastructure, industrial development, transportation, utilities and technology.
The company has been involved in several major projects, including the construction of fuel storage facilities, the development of the Aboadze Thermal Plant and the construction of the Asiama Substation.
Its activities later expanded into transportation infrastructure following the acquisition of LIMEX and the reconstruction of the UST-Anloga Junction Road.
LMI Holdings has also contributed to efforts to attract international companies into Ghana’s Free Zones Enclave, including global businesses such as Barry Callebaut and Cargill.
The group’s infrastructure portfolio further includes the establishment of the Enclave Power Company and the completion of a $70 million project for the Ghana Cocoa Board (COCOBOD).
The company subsequently moved into the ICT sector through Datacom, while continuing to diversify its investments through ventures such as Atlantic Concrete in Takoradi and land acquisition in the Dawa Industrial Zone.
Today, LMI Holdings maintains interests across a broad range of sectors, including construction, industrial and land development, utilities, logistics and technology.
LMI Holdings and the Saglemi Project
The company’s selection as part of the consortium tasked with reviving the Saglemi Housing Project places LMI Holdings at the centre of the government’s efforts to address one of Ghana’s long-running stalled housing developments.
With a commitment to deliver the first 700 units by March 2027 and 1,500 units by December 2027, attention will now turn to whether the developer can meet the announced deadlines and finally make the completed houses available to the public.
The project is expected to provide additional housing opportunities for Ghanaians, particularly salaried workers and organised labour, while also putting the long-delayed Saglemi development to productive use.