Government committed to expanding housing scheme – Osafo-Maafo

Government committed to expanding housing scheme - Osafo-Maafo

Presidential Advisor, Yaw Osafo-Maafo Yaw Osafo-Maafo , Presidential Adviser, says the government is committed to expanding the housing scheme with the supply of affordable houses through the state housing company.

He said the government was supporting developers with cheaper loans for the construction of affordable housing units to address the housing deficit in the country.

The presidential advisor, speaking on Friday at the commissioning of the Republic Court Building in Accra, expressed the government’s appreciation to Republic Bank for the leadership shown in 2020 during the COVID-19 pandemic.

“You were the first Bank in Ghana to announce a loan moratorium and other reliefs for your Customers. You also supported the COVID-19 Private Sector Fund during the construction of the Infectious Isolation and Treatment Centre and donated to various health centres,” he said.

He said the bank had for a very long time partnered with the government in the Public Sector Mortgage Scheme, stressing the bank was a key player during the development and implementation of the National Housing and Mortgage Fund.

The Fund continued to provide public sectors workers with affordable mortgage loans highly subsidized by the government.

He said the government recognized and appreciated the Bank for their partnership in the beautification project of Accra by the adoption of the African Union Square for greening and maintenance.

Yaw Osafo-Maafo said the government had over the last three years mounted a campaign to formalize the economy through digitization and the effective use of the Ghana Card system, adding that the Bank of Ghana issued a directive that from July 1, 2022, the Ghana Card would be the only card to be used to undertake transactions at all licensed and regulated financial institutions in Ghana.

He advised the Bank to make available credit cards to the ordinary working Ghanaian and not only to the privileged few to boost the cash lite society drive while maximizing value in fees and commissions for the Banks.

Mr Charles Zwennes, Board Chairman, Republic Bank Ghana, said the Bank owe the edifice to its clients for the confidence reposed in the management and staff for their hard work and continuous dedication to the institution.

The Bank, he said, was making financial services convenient, reliable and accessible through innovation and digitization of banking processes and pledged to come up with innovative ideas, products or services to meet the needs of customers.He said the bank had an asset base of USD 16 billion, a good corporate […]

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