Audio By Carbonatix
The Managing Director of the State Housing Company, Kwabena Ampofo Appiah, says Ghana’s favourable economic environment makes the country the best choice for investment in the housing industry against other African countries.
Speaking at the Ghana Investment and Opportunities Summit on the sidelines of the UK Africa Summit held in London, Mr. Ampofo Appiah trumpeted the serene, safe and politically stable atmosphere Ghana enjoys as a good enough reason for investors to flood into the country.
“Ghana should be your only point of call if you want to buy a home or invest in housing in Africa,” he stressed.
In the past, he recalled, there were many bottlenecks in the housing industry but measures put in place by the Nana Akufo-Addo government have changed the narrative into a positive and promising one.
Ghana’s housing deficit stands at two million, and that is something the government is working tirelessly to change. With the middle class growing at a very fast rate, Mr. Ampofo Appiah assured investors of the demand to build more houses.
As part of these measures, the MD stated that the government is supporting investors with litigation free lands, homes and now an affordable mortgage scheme. Prices of already built houses, he indicated, are affordable, and urged Ghanaians in the diaspora to make a dash for them.
The SHC Managing Director was in the United Kingdom as part of the government’s delegation to the UK Africa Summit which was led by President Nana Addo Dankwa Akufo-Addo.
The Summit was to lay the foundation for new partnerships between the UK and African nations based on trade, investment, shared values, and mutual interests.
It was aimed at bringing together African leaders, the UK and African business representatives, international institutions, investors and young entrepreneurs with a focus on creating partnerships between the UK and the continent.
Leaders from twenty-one African countries attended the Summit.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
BoG, Microfinance players form joint committee to review sweeping sector reforms
32 minutes -
Agri-Impact CEO meets Israeli Ambassador to strengthen agricultural innovation partnership
33 minutes -
Ghana, Côte d’Ivoire move to align cocoa prices in bid to boost farmer incomes
43 minutes -
Court remands alleged car robber
54 minutes -
Police receive DNA report in murdered Immigration officer’s case, await full autopsy report
1 hour -
Labadi Beach Hotel pays SSNIT GH¢17.8m dividend, bigger payout expected this year – Afreh Biney
1 hour -
We will not sell them – SSNIT boss ends speculation over Labadi Beach Hotel and La Palm
1 hour -
World Bank approves $300m support package to help Ghana end double-track system by 2027
2 hours -
Messi equals World Cup goals record with hat-trick in Argentina win
2 hours -
Retirement age reform requires national consensus, not a SSNIT decision – Afreh Biney
2 hours -
Extending retirement age could delay opportunities for youth by up to 7 years – SSNIT boss
2 hours -
Jamaica in talks to accept third-country migrants deported from US
3 hours -
G7 leaders call for strong, coordinated response to Ebola outbreak
3 hours -
Ebola Bundibugyo vaccine candidates could enter Phase 1 trials as early as July
3 hours -
Longer life expectancy alone is not enough to raise retirement age – SSNIT boss
5 hours