Minister for Works and Housing, Kojo Oppong-Nkrumah has noted that government is committed to leveraging it’s position on the board of Shelter Afrique Development Bank to advocate for policies to benefit housing sector.
According to the Minister, Ghana’s recent achievement of securing a seat on Shelter Afrique’s Board of Directors will enhance its influence and attract resources to support affordable housing initiatives.
The Minister made these remarks when he received the Managing Director of Shelter Afrique, Thierno Habib Hann on a courtesy call to the Ministry of Works and Housing as part of his working visit to Ghana on Tuesday July 16, 2024.
Having discussions on the urgent need for sustainable financing mechanisms to address Ghana’s housing deficit, Kojo Oppong Nkrumah disclosed that “Moving away from traditional government-funded models, we are exploring global financing instruments to bridge the housing gap. I am particularly excited about integrating Ghana’s National Home Ownership Fund with successful international models like Shelter Afrique’s insurance bonds initiative in Nigeria”.
He further noted that, Ghana’s election to the board of Shelter Afrique Development Bank a few weeks ago in Rwanda is a step in the right direction to influence and attract resources to support Ghana’s affordable housing initiatives.
“We remain committed to leveraging this position to advocate for policies that benefit our housing sector. Together, we can close the 1.8 million housing unit deficit, stimulate job creation, and drive economic growth”, he added.
