Ghana Home Loans secures €5m facility

Ghana Home Loans (GHL), the country’s premier mortgage provider, has secured a five million euro facility from the Ghana International Bank plc (GHIB), a Ghanaian owned London-based bank.

The facility is to enable Ghana Home Loans to meet the increasing demand for mortgages by overseas customers.

This was in a statement issued by Kojo Addo-Kufuor, Chief Operations Officer, Ghana Home Loans, and copied to the Ghana News Agency in Accra.

Mr Dominic Adu, the Chief Executive Officer of GHL, said the outfit was elated to close the facility with GHIB as it gave Ghana Home Loans a stronger platform to implement its strategy for expanded coverage for foreign currency denominated lending and cater for the needs of customers living abroad.

Mr Joe Mensah, Chief Executive Officer of GHIB, said the bank had established itself as a preferred lender to Ghanaian institutions and other corporate organisations.

“The successful closure of transactions in the country demonstrates the bank’s commitment to its home market, Ghana and its desire to support various sectors of the Ghanaian economy” he said.

Source: GNA