Ministry of Works and Housing Bridging the Housing Gap – Dela Zamanu

General Manager of the National Home Ownership Fund, Dela Zamanu, has announced that the Ministry of Works and Housing is making significant strides in addressing the housing deficit faced by Ghanaian workers.

He affirms the ministry’s commitment to providing efficient housing solutions through collaboration with various stakeholders in the finance and housing sectors.

During a recent media briefing following a tour of new housing facilities in the Shai Hills and Tema Community 22 enclave, Mr. Zamanu revealed the ministry’s efforts to offer mortgage facilities that extend over 20 years for ordinary Ghanaian workers.

“We have collaborated with various partners, including banks, developers, and consultants like TDC, to develop over 500 housing units in three phases,” he stated,

“In the first phase, we completed 204 units, which have been sold out on mortgage to ordinary civil servants and other workers who are paying for up to 20 years at interest rates lower than market values.”

Mr. Zamanu further stated that in phase two of the project, some units were sold for cash to subsidize affordable housing options and that currently, engineers are working on phase three, which will consist of nearly 129 units of three and two-bedroom apartment blocks.

Despite acknowledging the considerable work still needed to fully address Ghana’s housing challenges, Mr. Zamanu lauded the Ministry of Works and Housing for implementing policies aimed at developing affordable housing.

He commended the minister for his dedication to this cause and his commitment to advancing ongoing projects designed to provide housing for Ghanaians.

Mr. Zamanu concluded by calling for additional support to enhance the ministry’s efforts in delivering adequate, affordable, and conducive housing facilities across the country.

By Derick Botsyoe || GhanaNewsOnline