Asantehene charges bank to undertake commercial housing projects

Kumasi (Ashanti) 10th May, ?99 ?

Otumfuo Osei Tutu II, Asantehene, on Saturday stressed the need for management of the Bank for Housing and Construction (BHC) to go into active commercial housing projects.

This, he said, should involve the construction of hostel facilities for the universities, vocational and technical institutes as well as secondary schools and the polytechnics.

The Asantehene made the call when a delegation from the bank, including Mr Lawrence Adjaidoo, Managing Director, and Mr Simon Atiegar, Deputy Managing Director, paid a courtesy call on him at the Manhyia Palace in Kumasi.

He said the management should offer loans to their clients to expand their businesses so that they can in the end construct their own houses.

Otumfuo Osei Tutu expressed his appreciation for the call and said it was an indication that they were poised to work to help the region.

He called on the management of the bank to expand its scholarship facilities to needy students in the region to pursue higher academic programmes.

Otumfuo Osei Tutu said he would soon meet Nananom to discuss how best they could embark on constructional and quarry projects in the region.

Mr Ransford A. Okine, Project Manager, said the bank has been assisting in road construction and supporting educational projects as well as providing funds to deserving clients for housing projects.

Mr Frank Osei-Mensah, board member of BHC, said the bank had acquired a land at Wamase, near Kumasi, for estate development.

The delegation presented drinks and cash of two million cedis to Otumfuo and the chiefs.