The managing director of State Housing Company (SHC), Kwabena Ampofo Appiah, has urged foreign investors interested in housing to make Ghana a port of call.
According to him, the current favourable economic environment in Ghana should influence the decision of any one serious about investment the housing industry to choose Ghana ahead of any other country in Africa.
“Ghana should be your only port of call if you want to buy a home or invest in housing in Africa,” he pointed out.
Speaking at the Ghana Investment and Opportunities Summit on the sidelines of the UK Africa Summit held in London, Mr Ampofo Appiah touted the serene, safe and politically stable atmosphere Ghana enjoys as an enzyme that should inform investors to flood into the country.
He recalled how there were many bottlenecks in the housing industry in the previous years, and said the measures that have now been put in place by the Akufo-Addo government have changed the narrative into a positive and promising one.
Investors benefit
The SHC managing director told the investors 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.
Ghana’s housing deficit stands at 2 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 assures investors of the demand to build more houses.
He, however, thinks the global community must address the illicit transfer of funds from the continent by multi-national companies.
According to him, if the multi-nationals stop the illicit transfer of funds, it can go a long way to address the infrastructure challenge Africa faces.
