From Spy Ghana

President John Dramani Mahama on Wednesday said  Ghana would soon receive a $1 billion loan facility from the Brazilian government to undertake projects in energy, agriculture and other development projects.

He said the government, through the Social Security and National Insurance Trust, would complete all the 4,900 affordable houses started by the Kufuor Administration.

“The houses, when completed, would be sold to public and civil servants all over the country to reduce the housing deficit,” he said.

President Mahama said this when he cut the sod for start  of work on the Republic of Ghana and Construtora OAS Housing Project at Saglemi near Old Ningo in the Greater Accra Region

The company is expected to build 5,000 housing units within a four-year period.

Ghana Home Loans would be in-charge of the mortgage system of the housing units.

President Mahama said public housing was becoming necessary on account of high advance payment demanded landlords and landladies.

He said public workers would, in the next three years, become comfortable as the government was working around the clock to build more housing units throughout the country.

The President pledged to provide a leadership that would sustain Ghana’s position as the pride of the African continent in the coming years.

Read more at spyghana.com