The fund has been designed to help both private and public sector workers become homeowners in the shortest possible time.
Speaking at the launch, the Chief Executive Officer (CEO) of ASN Holdings Limited, Prince Yaw Sarpong said the fund is to help individuals save toward affordable home purchasing, home completion and maintenance while growing wealth.
In his view, the country’s 1.7 million housing deficit can be solved if Ghanaians will buy homes built by Ghanaians.
“We do not need an STX to solve the housing deficit. We have the chiefs who have the lands. We should be committed to building our own homes. We need dedicated people who are centred on the issue of solving the problem,” he stressed.
Mr. Sarpong that ASN Properties, the real estate subsidiary of ASN Financial Services, is working to change the real estate market landscape adding that with a minimum of GH¢5, investors or can invest into the fund as much as they want.
Mr. Sarping noted that the Home Investment Fund is an asset-backed investment fund with guarantees; investors will receive a minimum of 40 percent on their investment in five years.
With a product called the Home Investment Fund (HIF), he said clients can save in an investment-driven pool that will help investors own a home.
“What we are trying to do is to come to the end of the market and provide affordable housing schemes. We have come up strongly with a 10-year project to do a million houses at a very affordable rate with an affordable home finance scheme.”
He explained that “all you have to do is pay 20 percent of deposit arranged in a year or two, three, four or five years. That is to say it gets you to plan having a home anytime you want.”
Mr. Yaw Sarpong said with a little as GHȼ80,000 an individual can own a two-bedroom house at ASN properties.