To address the shortage of housing finance in the domestic market, Bank of Ghana has licensed a new mortgage finance institution to operate in Ghana.
The company, Ghana Home Loans Limited, is promoted and financed by local entrepreneurs and international financial institutions including Standard Bank of South Africa (the parent company of Stanbic Ghana), FMO (the development finance institution of the Netherlands) and GHL-USA Investment Partners LLC of the US.
Ghana Home Loans has entered into a commitment with OPIC a leading US financial institution to provide them a US$30mm long term facility to originate residential mortgage loans in Ghana.
Ghana Home Loans will provide mortgages to enable individuals or couples buy a house, invest in a house, release some cash from their existing homes or simply switch from an existing lender to benefit from Ghana Home Loans’ competitively priced mortgage and superior quality of service.
Editors Notes
For more information please contact
Ghana Home Loans Limited at 3rd Floor Regimmanuel Gray Building, Opposite La Palm Royal Hotel. Tel. 021-7010-234 or 021-913088.
Source: GhanaWeb
