Ghana Home Loans Courts Estate Developers

Richmond Asante, Head of Mortgage Origination at Ghana Home Loans, says his outfit is ready to partner real estate developers to help address the housing deficit and also support more people to obtain their dream homes.

Speaking at the second Developers and Estate Agents Seminar for 2017 recently in Accra, Mr Asante said the housing delivery system in Ghana was growing at a pace slower than the population growth rate.

“We urge all real estate developers to stretch their ambition to deliver more housing units. Ghana Home Loans is committed to helping finance such projects. Home ownership continues to be a key part of our mortgage portfolio,” he stated.

The biannual seminar seeks to assess mid-year performance review and further deepen relationships with industry players.

The event was used to discuss industry developments for the first half of 2017, challenges being faced by developers and the implications for developers, as Ghana Home Loans transitions from a non-bank financial institution into a universal bank.

Edward Nyarko, Special Project Manager of Ghana Home Loans, made a presentation on the new construction loan products that are likely to be rolled out to the benefit of the developers.

He said the purpose of the loan was for the construction and completion of houses and infrastructure development and not for acquisition of land.

Tony Asare, a renowned architect, spoke on the zoning and planning guidelines of the usage of land.




The guidelines and zoning are intended to help local planning authorities in approving any development within their area to assist developers and players in the real estate industry.

Executive Secretary for GREDA, Sammy Amegayibor, reiterated the support of the association to developers in addressing day-to-day challenges in the industry.

Head of Corporate Communications and Brand Management, Ghana Home Loans, Maria Oquaye, highlighted the transformation from Ghana Home Loans to GHL Bank by urging developers to maintain the strong relationship while they come on board to help attain GHL bank’s vision of becoming the foremost institution for wealth creation.

“’We remain committed and will continue to provide innovative products and services as we transition from a non-bank financial institution to GHL Bank,” she said.

Present at the event were representatives of over 100 attendees from estate development companies, International Finance Corporation (IFC) and Ghana Real Estate Association (GREDA).

A business desk report

Source:dailyguidafrica