Government sets up GHS1 billion mortgage fund
Finance Minister, Ken Ofori- Atta has announced that Government will establish a GHS1 billion mortgage and housing finance fund which will be seeded with a minimum of GHS100 million every fiscal year over the next 5 years.
Date Created : 11/16/2018 2:24:49 AM : Story Author : Christian Kpesese/ ghanamps.com
The Minister who gave the disclosure when he presented the 2019 budget statement before Parliament on Thursday said this will support the private sector in expanding access to housing and deepen the local mortgage and construction finance market.
He also added that in order to ensure efficient management of the proposed housing infrastructure fund, government will soon submit a bill to set up the Ghana Asset Management Corporation.
Mr Ken Ofori-Atta reiterated government’s commitment to invest massively in the development of road and infrastructure from a variety funding sources.