non-financial development institution
major organizer of congress and exhibition events
RC personal account
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Атта Акья Самуэль

Samuel Atta Akyea

Minister of Works and Housing of the Republic of Ghana
Quotes
23.10.2019
Russia- Africa Economic Forum 2019
Current Objectives in Developing the Housing Construction Market on the African Continent
There is a sizeable deficit, we are about 2 million buildings short. We have masses of people moving from the rural areas into urban ones, so renovation is an enormous challenge for Ghana. <…> We need to provide decent living conditions for the people coming from the rural areas
23.10.2019
Russia- Africa Economic Forum 2019
Current Objectives in Developing the Housing Construction Market on the African Continent
Current mortgage rates in Ghana are close to commercial rates. We are talking 35%, sometimes you can get 25% to 30%. We are trying to bring it down to 10% and we are trying to facilitate the mortgage payoff throughout an extended period of time
23.10.2019
Russia- Africa Economic Forum 2019
Current Objectives in Developing the Housing Construction Market on the African Continent
There is a financing problem. There are 50 construction companies that are interested in building in Ghana, and all of them want guarantees. <…> We are currently looking for ways to provide those guarantees, we want to help. We have an agreement, a certain list of conditions, a payment plan. There also is another model. <…> It is a model where we give the construction company the funds, and they find the people who will buy those houses, and they will pay over a period of time. <…> We are starting with USD 5 billion: 10 thousand houses over a 5-year period