The Minister for Works and Housing,Francis Asenso-Boakye has expressed gladness to the First National Bank Ghana for their initiative to promote the homeownership in Ghana.
Mr Asenso-Boakye was however giving a speech at the maiden edition of the Home Ownership Series, an initiative by the bank in partnership with Glitz Africa Magazine.. The initiative is however aimed at promoting and developing means of solving the housing deficit in Ghana. The minister indicated that, this series create an opportunity for people in real estate industry to collectively discuss issues of the housing sector in the country which is also in one way or the order is in accordance with the affordable housing initiative.
“At the ministry of works and housing, we welcome initiatives of this kind, serve as a way of learning and exchanging ideas in our collective quest to move the sector forward.”Francis Asenso-Boakye indicated.
The Home Ownership Series follows the declaration of 2021 by First National Bank as the Year of Home Ownership with the #YOHO2021.
The campaign however, seek to encourage and assist Ghanaians to becoming ownership instead renting. Furthermore, The ‘Year of Home Ownership’ initiative is aim at reducing the housing deficit in the country and to assist Ghanaians to become resident owners which will therefore eliminate the challenges associated rents. This removes challenges facing Ghanaians in their quest to own a residential property.
The Minister for Works and Housing pointed out that the initiative will help promote house ownership among Ghanaians and will further continue to improve the standard of living conditions among Ghanaians.
“The key determinants of quality of life within societies of every country depend largely on a sound and efficient market that provides decent homes for its people,” he added.
The minister added that his ministry is ready to collaborate with with stakeholders like First National Bank Ghana, to resolve challenges confronting Ghanaians.. The Executive Head of Home Loans at the bank, Kojo Addo-Kufuor, promised the bank’s commitment to convert as many Ghanaians as possible from renters to homeowners.
“The objective is to drive home ownership very aggressively in the year. We decided that everybody who is looking to buy or can buy, must buy. We’ll make it possible for them to do so, We’ve looked at our processes, we’ve looked at why people start transactions and don’t conclude, we’ve looked at the reason why people can’t afford to buy and we’ve tried to fix all of these in #YOHO2021,” Mr Addo-Kufuor said.
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