The Union of Professional Nurses and Midwives, Ghana (UPNMG), says it has started efforts to provide solutions to access to affordable and decent home financing, a challenge most of its members say confronts them.
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In a press statement signed by the National Public Relation Officer, “the Union led by the National President, Mr. Maxwell Oduro Yeboah, had a meeting with the CEO of the National Homeownership Fund, Mr. Prosper Yaw Hoetu Esq, in Accra to discuss the various ways of funding the construction of affordable houses for Nurses and Midwives.
According to the statement, the Union is looking forward to signing a Memorandum of Understanding (MoU) with the National Homeownership Fund for the construction to begin.
“This initiative is in line with UPNMG’s broader vision to improve the welfare of its members, particularly in the area of decent and affordable accommodation,” the statement added
The National Homeownership Fund Limited (NHF) is a state-owned company with the mandate to address challenges of homeownership in Ghana by creating a framework that encourages the participation of the private sector in the homeownership market.
NHF focuses on increasing access to affordable housing through innovative financing options, particularly targeting first-time homebuyers.
The Fund partners with financial institutions to support the development of mortgage refinancing schemes and facilitate the use of innovative products to support homeownership in Ghana.
NHF’s strategy addresses both the demand and supply of affordable housing. On the demand side, the company partners with labor unions to develop and update a national database of prospective homeowners.
