Ghana Needs Collaboration to Resolve Housing Deficits
Ghana needs an effective public-private partnership to resolve its national housing deficit, Dr Mark Nii Akwei Ankrah, the Former, Managing Director, State Housing Corporation, has said.
���� Speaking during the launch of the ASN Financial Services� Home Investment Fund (HIF), Dr Ankrah said collaboration between government and the private sector would help bring solutions to the housing challenges.
���� The Home Investment Fund (HIF) is to help facilitate easy public home acquisition as well as promote the individual�s effort towards saving for affordable home ownership and mortgage repayment.
���� He commended the management of ASN Financial Services Limited for their foresight to provide solution to the housing deficit.
���� Ghana�s Housing deficit currently stands at 1.7 million units.
���� Mr Prince Sarpong, the Group C.E.O, ASN Holdings, said governments over the years have tried to provide measures to solve the country�s housing challenges.
���� He said it is the resolve of ASN constructions, a subsidy of ASN Holdings, to construct one million houses within a 10 year period.
���� He said already, his outfit has constructed a number of housing units ready for the public.
���� �GRA has signed a partnership with ASN Construction for about 7,000 houses for its staff, and that the Ghana Cocoa Board has also requested for about 2,000 houses,� he said.
���� Mr Johannes Akuffo Okutu, the Managing Director, ASN Financial Services Limited, said the Fund offered potential homeowners the opportunity and privilege to make monthly contributions over a period of one to five years towards the attainment of 20 per cent of the cost of the building.
���� He said ASN Financial Services would complete the payment within an affordable mortgage facility.
���� He said in the first of the acquisition, the company would provide free life insurance and mortgage protection.
���� �HIF home acquisition attracts no hidden charges in the form of facility fees, search fee and closing fee,� he added.