The Works and Housing Minister-designate Freda Prempeh has outlined some methods that can be employed by government to facilitate development in the sector.
Speaking on how to achieve the country's Affordable Housing objective, the Tano North MP noted that a well-tailored budget for Housing Ministry can be rolled out to boost the growth of the industry.
She told Parliament's Appointments Committee during her vetting Thursday, that undertaking housing projects are capital intensive, as such, when the modus operandi changes, it will reflect in its results.
“I will also want to propose that as a Ministry, we need a budget for Housing itself. Of course, you will all agree with me that housing is a capital intensive area look at lands building materials and all that.
“So if we have that kind of budget at the Ministry, I think we will be able to roll out a number of houses in addidtion to the Housing Fund leveraging on the pension scheme,” she told Parliament’s Appointments Committee.
Moreover, the Minister-designate recommended the establishment of a Housing Fund.
The Fund, she said, will solicit for capital from consensual loans and other international models to ensure that one of the basic needs of Ghanaians, that is, shelter is constructively met.
“As I indicated earlier, I think the way to go is to set up the Housing Fund, look for sources of capital into the Fund and also incorporate other models from other African communities and we can look at other consensually loans among others.”
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