General News of Wednesday, 11 January 2017Source: citifmonline.comNPP proposes Housing Fund to subsidize cost of housesFile PhotoThe Minister nominee for Works and Housing, Samuel Atta Akyea has stated that the NPP government will introduce a housing fund to subsidize the cost of housing for low-income earners. According to him, financing is one critical factor that has impeded Ghana’s efforts at reducing the widening housing deficit. Mr. Atta Akyea also believes the high cost of housing units has made it unattractive for real estate developers to build more housing units over fear of low occupancy levels. Mr. Atta Akyea further explained that the Housing Fund should help restructure the current mortgage system that makes it difficult for low-end income earners to meet their monthly obligations. Lawyer Atta Akyea made the remarks when he spoke to journalists after his nomination on Wednesday.
January 11, 2017 22:20 UTC