Monday, 22 January 2018
GHL Bank, Appolonia City host OPIC team

GHL Bank, Appolonia City host OPIC team

From Isaac Aidoo, Oyibi
The Overseas Private Investment Corporation (OPIC) a United States (US) of America agency that helps businesses invest in developing markets around the world has reposed confidence in its partners, in Ghana assuring them of continued support.

During his tour of the affordable housing project at Appolonia City at Oyibi, Executive Vice President of OPIC, Mr David Bohigian said his team was impressed with the investment made so far.
Mr Bohigan was joined by the Chief Executive Officer (CEO) of Appolonia City, Mr Bright Owusu-Amofah and Executive Director of Business at GHL Bank, Mr Kojo Addo-Kufuor for the ceremony last Monday
Mortgage finance institution, GHL Bank has since 2006 received a total of $60milion from OPIC to build a minimum of 100 homes and a maximum of 2000 units.
The project is hinged on a partnership between GHL Bank and Appolonia City developer, Rendeavour.
Mr Bohigian assured prospective Ghanaian homeowners, that his outfit will continue to support the efforts of GHL Bank and its partners to provide affordable housing units for them.
“Housing for low and middle income families in crucial for economic growth in Ghana where the need is critical and OPIC is pleased to work again with GHL Bank on a project with many development benefits for Ghana.”
The Corporation’s partnership with Ghana’s GHL Bank is making processing time much faster and more convenient.
“Our processing time has allowed people to gain homes more quickly as opposed to having to wait for 24months. We have been able to reduce processing time to 24hours,” Mr Bohigian stated.
His visit to Appolonia follows that of President Nana Akufo-Addo in November last year when he cut the sod for the commencement of the affordable housing project.
Rendeavour’s Chairman, Frank Mosier noted that OPIC’s presence at Appolonia City helped the vision his outfit to provide quality and affordable housing, using American products and services to the benefit of both the US and Ghana.

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