Ghana’s State Housing Company to lure investors fund its development projects

Ghana’s State Housing Company (SHC), mandated to develop affordable housing units will on Wednesday February 29, hold an investment seminar to engage potential investors with the aim of expanding the housing stock.

The seminar will also be used as a platform to co-ordinate financial institutions in Ghana to pool funds to finance the SHC’s development projects.

A statement by the Management of SHC, said the seminar would create an opportunity for stakeholders in the housing and financial institutions with active investments in the real estate sector to network, share strategies and create positive dialogue for a national affordable housing agenda.

The funds would also be strategically to implement housing projects to help reduce the country’s housing deficit.

The statement said SHC would also introduce a Housing Registration Scheme to ascertain the effective housing demand in the country and to match it with supply strategies.

The register, the statement said, would hold details of people who will like to rent or buy a home, taking applicants through a housing need assessment process before being placed on a waiting list for a fee to be levied by the company.

The SHC currently has a total of 94 housing estates with about 32, 000 dwellings in addition to schools, churches, markets etc, stretching across the nation.

Source: GNA