.....the US$10 million subscription fee makes Ghana the largest sovereign shareholder
Nairobi, November 8, 2011: Ghana has joined Shelter Afrique as its 43rd member country; following a cash payment of USD 10 million for shares as a Class "A" Shareholder in the Company.
This achievement is in line with the objective of the institution to ensure participation by all African countries in Shelter Afrique. Shelter Afrique will now work closely with the Government of Ghana and the private sector to improve the provision of mortgage finance to public and private developers with particular emphasis on the housing needs of the middle class.
Speaking about the decision to join Shelter Afrique, Dr. Kwabena Duffour, Hon. Minister Finance and Economic Planning of Ghana said: "Ghana is committed to improving the supply of affordable houses for its population. The membership in Shelter Afrique is just one of the steps to the global government policy for a better supply of affordable houses."[view whole blog post ]