Government to mobilise long-term cedi finance to expand affordable housing

Mr Thomas Nyarko Ampem, the Deputy Minister for Finance, said the government would work with banks, pension funds, insurers and development partners to mobilise capital suited to the long-term nature of housing.

The Deputy Minister said improving sovereign creditworthiness would benefit banks, builders and borrowers because it would influence the availability and cost of capital for housing.

The Ghana government will mobilise dependable, long-term financing in cedis and reduce the cost and risks of housing delivery to make homes more affordable to Ghanaian households.