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Tag Archives: Ghana Home Loans

GHL Bank eyes top 5 banks’ slot by 2020

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GHL Bank has stressed that its strategy will dwell on providing competitive banking services to meet clients’ needs. The former mortgage company is seeking to assume a slot among the top 5 banks within the next five years. GHL bank becomes the 35th bank in Ghana. The Board Chairman for GHL Bank, Albert Essien gave the assurances at the inauguration ...

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Cedi stability drives mortgage rates down by 40%

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Businesses want government to sustain efforts geared at stabilizing the cedi to foster growth. Following what they say is the relative stability of the local currency, the businesses fear they will be worse off should the minimal gains be eroded. A cross section of businesses that Citi Business News has been engaging in a review of the performance of the ...

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Appolonia City, Ghana Home Loans sign new housing deal

CEO of Rendeavour, Stephen Jennings [L] with CEO of Ghana Home Loans, Dominic Adu [M] ; Deputy Works & Housing Minister, Freda Prempeh

Appolonia City has announced a partnership with Ghana Home Loans which will see the construction of 100 housing units in Accra by mid 2019. The move also forms part of private investor efforts to reduce Ghana’s housing deficit. The country’s housing gap is estimated at 1.7 million. The high cost of properties has however been viewed as a major contributor ...

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Complex land acquisition systems; the bane of estate developers

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Industry players in Ghana’s housing sector want the government to critically address Ghana’s land acquisition and documentation system to ease the burden associated with the provision of decent accommodation. The estate developers contend that the high costs of properties have priced out the majority of prospective homeowners and compounded the housing challenge. Participants at Citi Fm’s Real Estate Forum, largely ...

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Lower interest rate key concern for estate developers

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Decent accommodation continues to be the biggest headache among many Ghanaians. As the housing deficit goes up, the debate continues whether Ghanaians prefer buying a mortgage house or build their own house looking at the cost, time and terms involved. Ahead of Citi FM’s Housing and Real Estate Forum on Tuesday, 27th June,2017, Citi Business News has been speaking to ...

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GSE lobbies for patronage of the Ghana Fixed Income Market

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The Ghana Stock Exchange (GSE) is impressing on companies to utilize the Ghana Fixed Income Market (GFIM) to raise funds for their operations. According to the managers of the GSE, the ready market for bonds should make it easier for businesses to adopt the platform to raise corporate bonds and meet the demand. “The market is actually growing as more ...

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Mortgage houses dismiss report on low demand for home loans

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Information available to Citi Business News indicate that demand for home loans from mortgage houses has not declined despite a drop in home loan application from commercial banks. Though the mortgage houses admit not all applications may be granted at any particular point in time, they contend demand is still satisfactory. “There is a demand side and a supply side ...

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Ghana Business News