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President Akufo-Addo has said teachers will be provided the opportunity to own houses in desired locations in various part of the country when they retire.
The President announced the new affordable-housing policy for teachers on Tuesday, January 4 while addressing the 6th Quadrennial National Delegates Conference of the Ghana National Association of Teachers (GNAT) in Kumasi.[ads2]
According to President Akufo-Addo, the initiative will involve the provision of houses for both mortgage and rental and the 10,000 units project will be completed in 2024.
“I am fully aware that the one challenge facing teacher ownership of homes beyond finance is their inability to purchase home where they intend to retire,” the President said.[ads3]
“Through a subsidised loan programme, teachers will be provided an opportunity to own houses in desired locations in various parts of the country.”
President Akufo-Addo disclosed that the Ministry of Works and Housing has commenced discussions with the teacher unions with the Ministry of Education collaborating with the National Service Scheme on the project.
“Within the next two years, it is proposed that 10,000 housing units on affordable terms will be developed for teachers across the country.”[ads5]
