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Jan 18, 2012

Shelter Afrique on housing project starts


President John Evans Atta Mills says government has begun talks with Shelter Afrique, the largest housing development support organization in Africa, as part of its efforts at securing alternative funding for STX housing project.

President John Evans Atta Mills says government has begun talks with Shelter Afrique, the largest housing development support organization in Africa, as part of its efforts at securing alternative funding for STX housing project.

 

It aims at remaining a leading strategic partner for the efficient delivery of real estate and other related services in Africa through collaborative partnerships with all actors in the shelter delivery process.

Mr. Alhassane Ba, Chief Executive of Shelter Afrique met with the President at the Castle in Accra to inform him of the organization’s investment plans for Ghana.

According to him, Ghana is the third largest shareholder in Shelter Afrique with its 8.4 percent shares, and the pan-African organization plans to invest $100 million in its initial plan for housing development in Ghana.

He said the government believes partnering Shelter Afrique, will yield immense dividends in its quest to build affordable houses for Ghanaian workers.

President Mills said the government’s decision to join Shelter Afrique last year was informed by the critical role the organization was playing in the development of the housing sector on the continent.

He said the government remained committed to addressing the housing deficit in Ghana, indicating that more housing units are needed to shelter hundreds of Ghanaians and gave an assurance that the government will take the partnership very seriously, since “there is something positive to come out from it.”

Mr. Ba, in his remarks, lauded the government for joining the organization, which has 43 member countries.

Source: ISD