Ghana has won a seat on the Board of Directors of the Shelter Afrique Development Bank.
The victory was chalked at the 43rd Annual General Meeting (AGM) held in Kigali, Rwanda, on June 13, 2024.
Ghana will join five other countries to steer the affairs of the Bank.
Minister for Works and Housing, Kojo Oppong Nkrumah, led Ghana’s delegation to the AGM.
He was optimistic the opportunities this development will unlock for the country.
Addressing the media, on the sidelines of the meeting, Minister Oppong Nkrumah said: “Securing a seat on the Board of Shelter Afrique is a strategic victory for Ghana. This development not only enhances our influence within the organization but also positions us to attract more resources to support our affordable housing initiatives,” he stated.
He explained that increasing Ghana’s presence in Shelter Afrique is part of a broader strategy to strengthen its shareholding and leadership role within the bank.
“Our increased presence at Shelter Afrique will enable us to tap into a wealth of resources and expertise. This will significantly boost our efforts in rolling out affordable housing projects and providing mortgages to make these homes accessible to our citizens,” Oppong Nkrumah explained.
The Minister said the government remains committed to leveraging this new position for the greater good.
“With this seat, we are better positioned to influence decisions that directly impact our housing sector. We will advocate for policies and initiatives that support our national housing agenda and ensure that the benefits of our membership in Shelter Afrique are fully realized,” he added.
He expressed gratitude to the member states and partners who supported Ghana’s bid for the board seat.
“We extend our heartfelt thanks to our fellow member states and partners for their confidence in Ghana’s capabilities. This collective effort underscores the spirit of cooperation and shared goals that define Shelter Afrique,” he said.
Shelter Afrique, a Pan-African housing finance and development institution, has been pivotal in promoting affordable housing across the continent.
The 2024 AGM was under the theme “Sustainable Partnerships in the Affordable Housing Finance Value Chain”.
It brought together representatives from member states, financial institutions, and development partners.
The primary focus was on transforming Shelter Afrique into a dynamic development bank that meets international standards.
The meeting’s discussions centered around fortifying the organization’s operational framework and aligning it with international best practices to better serve its member states.
Managing Director of the Bank Thierno Habib Hann said: “This AGM marks a decisive turning point to affirm our journey of transformation”.
By: Rainbowradioonline com/Ghana
