12.10.06
Students appeal to NAGRAT to return to the classroom
Cabinet approves 300 million dollars loan for affordable housing
"Government's role is to facilitate the process; with an eight-year moratorium if a flat is sold roughly at 130 million cedis the amount will be recouped in no time," he said. Mr Owusu-Agyemang said this when he inaugurated a Local Organizing Committee for the organization of a sub-regional conference dubbed "West Africa High Level Peer Exchange on Government Enablement of Private Sector Lending for Affordable Housing.”
The three-day conference to be held in Accra from November 27 to December 1, 2006 would afford participating countries the opportunity to share experience on how best governments could encourage the private sector and domestic services industry to invest in affordable housing.
Mr Owusu-Agyemang also announced that the Government had released funds to commence work on affordable housing in Tamale and Koforidua besides the ongoing projects at Tema, Nungua and Kumasi.
"When Government says it will deliver, it's not a matter of a joke. This clearly shows that something is being done and it is to ensure that the Government leads in the crusade to reduce the cost of construction in this country."
He said the design for the about 12 million-euro "Sodom and Gomorrah" affordable housing units project at Amasaman would soon be ready for construction to begin.
When the project is completed, a housing unit would be sold at about 6,000 dollars.
Currently, the country has a backlog in excess of 500,000 housing units and an annual demand of over 175,000 units. Government expects to clear this within the next five years.
On the upcoming conference, the Minister said the United States Department of Housing and Urban Development, US Agency for International Development, Overseas Private Investment Corporation (OPIC) and UN-HABITAT would provide support.
Togolese President arrives for a day's visit

11.10.06
WAEC immortalises dead Staff
8.10.06
North Korea claims nuclear test

Stars Triumph over S Korea

NYP is not a Political Tool

government through his Ministry to implement prudent policies that would promote morally upright and informed youth. He said: “My Ministry has realized that access to capital is one major problem facing the youth.
On the HIV/AIDS menace, Mr Boniface encouraged young girls to avoid early marriages and rather stay in school to enable them to become role models.
“With the right tools of decency, morality and commitment to future prospects of our country we can stop the spread of HIV/AIDS in order to preserve our youth,” he said. Mr Jehoiada Godwin Amuzu, Executive Director of YUFRIST expressed concern about the lyrics of most hip-life Songs and urged musicians to inject sanity into their lyrics.
“I am not condemning hip-life music but it could be used to educate and caution the youth against social vices,” he said. He urged political leaders to demonstrate practical commitment to the fight against indecency, triviality and other social vices that draw the nation back. GNA
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