Minister urges financial community to partner State Housing Company

Mr Enoch Teye Mensah, Minister of Water Resources, Works and Housing, on Wednesday appealed to the financial community to join hands with the State Housing Company (SHC) to create innovative ways to finance the construction of houses and mortgage schemes.

He said that would enable more Ghanaians who wished to be owners of their homes do so even with lower salaries.

Mr Mensah made the appeal at an investment seminar organised by the SHC to engage potential investors and announce the creation of a new fund.

The Sector Minister also launched a project called “The National Housing Registry,” a project that seeks to document details of people who will like to rent or buy a home and give them the necessary help.

It is part of an initiative by the SHC to help solve the country’s housing deficit needs.

Mr Mensah noted that one of the pillars of a solid social protection floor was shelter for the people and government attached vital importance to the SHC investment seminar since it clearly demonstrated the company’s resolve to contribute to building a solid social protection floor for Ghanaians.

Dr Mark Nii Akwei Ankrah, Managing Director of SHC, said there was the need for a viable public housing strategy and policy to be implemented side by side with private sector development.

He said: “It has been made clear that a purely private approach cannot sustain itself and the housing shortage may continue to grow with intervention.”

The SHC has 94 housing estates with 32,000 dwellings; Dr Ankrah said and promised that the company was ready to help many more Ghanaians own a home.

Source: GNA