Republic Bank Ghana has reinforced its dedication to tackling the rustic’s longstanding housing deficit, estimated between 1.8 and a pair of million devices via a brand new partnership with the State Housing Company Limited (SHC).

The two establishments have signed a Memorandum of Understanding (MoU) aimed toward increasing get entry to to high quality and reasonably priced properties for Ghanaians.

Speaking on the signing rite, Managing Director of Republic Bank Ghana, Dr. Benjamin Dzoboku, described the settlement as a crucial step towards bettering housing accessibility and selling long-term social balance.

He famous that protected and reasonably priced housing stays an crucial basis for households around the nation.

According to Dr. Dzoboku, the collaboration may be aligned with Republic Bank’s five-year strategic tactic, which puts sturdy emphasis on supporting nationwide capital injection priorities, together with bridging the housing hole.

Under the MoU, the financial institution will supply loan financing to Ghanaians and shoppers of the State Housing Company, making homeownership extra possible for plenty of families.

The Managing Director of the State Housing Company, John Bawah, welcomed the partnership, emphasizing its doable to ease monetary obstacles for potential house owners.

He defined that people who can exhibit creditworthiness will now have get entry to to loan make stronger to fund their development or house acquisition tasks.

“We found out that we didn’t only have a supply problem but also the demand side which is people who wanted houses but couldn’t afford what was on the market so our aim with Republic Bank Ghana is to open up accessibility to all working Ghanaians who are able to demonstrate creditworthiness to be able to apply for a mortgage from the bank”, he mentioned.

The collaboration between Republic Bank Ghana and the State Housing Company is anticipated to supply a vital spice up to the housing investment, the place affordability and get entry to to financing stay primary demanding situations.

Through this partnership, each establishments hope to amplify loan availability, stimulate building process, and make stronger the supply of extra reasonably priced housing devices around the nation.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made via Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.