Ghana to issue bonds to fix its housing deficit
The Ghana government is considering issuing a bond to address the country’s housing deficit.
Ghana currently has 1.7 million units housing deficit with little initiatives to make housing affordable to citizens.
As part of various measures to make amends the country is finding new ways of closing the huge housing deficit.
The government has not however disclosed how it intends raising the bond for this major issue.
The deputy minister of Works and Housing in Ghana, Frema Opare told local media in Accra that “government is considering the mobilization of funds through various instruments such as housing bonds for the housing sector”.
She said the mobilization of the funds would take place through the national housing funds.
Ghana’s new government has over the past months raised bonds for most of its major expenditure portfolios.