Appolonia City, First National Bank Boost Homeownership for Ghanaians
In a groundbreaking partnership, Appolonia City and First National Bank (FNB) Ghana are set to transform homeownership for Ghanaians. This collaboration addresses the country’s significant housing deficit, estimated at two million units. By making property ownership more accessible, they aim to improve the living standards of citizens across the nation.
About Appolonia City
Situated 25 kilometers from the Central Business District of Accra, Appolonia City is a master-planned urban development. This integrated community features a blend of residential, commercial, and industrial areas. It is designed to cater to modern living needs with:
- Affordable and mid-range housing
- Premium residences
- Business parks
- Industrial zones
- World-class infrastructure
- Green open spaces
- Healthcare centers
- Retail amenities
Financing Options for Homebuyers
Through their alliance, First National Bank Ghana is introducing tailored home financing solutions to support Ghanaians and diaspora clients interested in purchasing within Appolonia City. The financial products include:
- Land Purchase Loans: Up to 60% financing for serviced, titled plots.
- Home Construction Loans: Staged disbursement for clients building on owned land.
- Equity Release Loans: Unlock up to 70% of property value to finance new purchases.
Vision for Sustainable Development
Perminas Marisi, the Country Head and Managing Director of Rendeavour Ghana, expressed that this partnership is crucial for fostering inclusive growth. He emphasized the goal of turning homeownership into a reality for many Ghanaians. Kojo Addo-Kufuor, Executive Head of Mortgage Business at FNB Ghana, reiterated the bank’s commitment to empowering citizens to build wealth through real estate.
A Time of Opportunity
This collaboration arrives as Ghana’s economy evolves, meeting the demand for reputable and quality housing developments. Appolonia City and FNB Ghana are committed to providing:
- Verified, litigation-free property titles
- Flexible financing options for diverse incomes
- Support for clients purchasing remotely
With prevailing financing solutions, it is now an optimal time for individuals to invest in Ghana confidently. The partnership is set to shape communities while enhancing national pride through home and land ownership.
