Accra: The Ministry of Works and Housing, alongside the water resources department, has inaugurated three new Governing Boards aimed at enhancing the housing sector. These boards have been established for the Real Estate Agency Council, the Public Servants Housing Loan Scheme, and the State Housing Company Limited. The primary focus of these boards is to advance national housing initiatives through innovative financing and strategic partnerships.
According to Ghana News Agency, the Board of the State Housing Company Limited will emphasize the development of innovative financing mechanisms to support key national housing projects. These include the Pokuase-Afiaman Housing Project, the Dedesua Affordable Housing Project in the Ashanti Region, and the broader District Housing Programme, which aims to deliver quality homes across all districts in the country. These initiatives are expected to generate employment, support local industries, and enhance economic inclusion.
Mr. Kenneth Gilbert Adjei, the Minister responsible for the sector, highlighted the importance of exploring public-private partnerships and leveraging interest in green and climate-resilient housing finance. He urged the State Housing Company to position itself as a leader in affordable housing innovation on the continent.
The Public Servants Housing Loans Scheme Board has been tasked with assisting public servants in constructing and refurbishing residential properties, as well as providing mortgage financing. The Minister noted that the absence of a governing Board for the past eight years had hindered the Scheme's operational expansion. He encouraged the Board to consider policy reforms, including potential amendments to the PSHLSB Decree (N.R.C.D 319), to attract external funding.
For the Real Estate Agency Council, the Minister outlined a mission to regulate the real estate ecosystem through licensing, standard setting, and effective regulatory frameworks. He emphasized the importance of maintaining core values such as professionalism, integrity, and innovation in every decision and policy.
Mr. Gerald Baffour Awuah Bonsu, Chairman of the Public Servants Housing Loan Board, stressed the importance of aligning their work with the President's vision to 'Reset Ghana' by improving systems and delivering tangible impact. He emphasized the focus on building sustainably and affordably using local materials.
Mr. Ralph Roland, Chairman of the State Housing Company Limited Board, pledged to revitalize the company to play a central role in Ghana's development. He expressed confidence in the Board's ability to address sector challenges and design strategies to tackle the housing deficit, thereby providing decent housing for citizens.
