Rev. Professor Aaron Mike Oquaye, a former Speaker of Parliament, has asked banks to give real estate developers in the country low-interest loans so that they might expand the country’s housing sector.
He pointed out that the housing industry is crucial to Ghana’s development, necessitating investment.
“By providing soft credit facilities, banks and other financial institutions should pay their attention to these issues.” Every bank should be required by the Bank of Ghana to set aside a specific amount of profits for housing soft loans. When the Minister for Works and Housing Francis Asenso-Boakye began the conference, the former Member of Parliament for Dome-Kwabenya noted, “We should also look at the production of building materials locally to help cut prices.”
Mr Asenso-Boakye for his part, said the government is working to address the housing needs of Ghanaians.
The government has prioritised the delivery of affordable housing units to address the gap and increase access to various affordable housing schemes, thereby reducing the housing deficit, he said.
“It is, therefore, without doubt that the housing industry, as in many economies, holds the key to development of our country, I am encouraged by the role Rehoboth Properties is playing to meet the enormous challenges of the industry,” he said.
“Housing has become one of the critical development issues facing us as a country. Government has prioritised the delivery of affordable housing units to address the gap and increase access to various affordable housing schemes, thereby reducing the housing deficit,” the Bantama lawmaker said.
He further noted that the housing sector holds the key to development of Ghana.
“It is, therefore, without doubt that the housing industry, as in many economies, holds the key to development of our country, I am encouraged by the role Rehoboth Properties is playing to meet the enormous challenges of the industry,” he said.
