Kwabena Boamah Takes Reins at Impact Investing Ghana as Republic Bank Expands Habitat Fair to Ho

Impact Investing Ghana (IIGh) has ushered in a new era of leadership with the appointment of Kwabena Boamah as Board Chair, while Republic Bank prepares to bring its specialized mortgage solutions to the Volta Region through the inaugural Ho edition of the Habitat Fair. Boamah, a seasoned veteran in asset management, succeeds Alex Asiedu, who concluded a seven-year tenure marked by significant growth in domestic capital mobilization. Simultaneously, Republic Bank’s initiative aims to bridge the housing gap by offering tailored financing solutions that span the entire homeownership journey, from land acquisition to final construction.

Kwabena Boamah brings over 25 years of experience to his new role at IIGh. Currently the Managing Director of Stanbic Investment Management Services Ltd, where he oversees more than USD 1.5 billion in assets, Boamah is well-positioned to deepen impact investing across Africa. His appointment is seen as a strategic move to mobilize domestic capital for sustainable development and inclusive economic growth. CEO Amma Lartey expressed confidence in the transition, noting the strong foundation laid by Asiedu in fostering research and strategic partnerships. Boamah, who holds a Doctorate in Finance and an MBA, emphasized his commitment to advancing sustainable economic transformation through the IIGh ecosystem.

In the real estate sector, Dan Adjetey Mohenu, Head of Mortgage Banking at Republic Bank, announced that the Republic Bank-JoyNews Habitat Fair will be held at the Ho Sports Stadium from October 16 to 18, 2023. This expansion reflects a growing demand for homeownership solutions outside the capital. The fair will offer prospective homeowners direct access to mortgage experts and financing options that cover the entire building lifecycle. Mohenu highlighted that mortgage rates could be as competitive as 8.4%, depending on individual circumstances, making the dream of owning a home more accessible for residents in Ghana and those in the diaspora.

These developments highlight a dual focus on institutional investment and individual wealth creation within the Ghanaian economy. While IIGh works to align large-scale capital with sustainable development goals, Republic Bank’s efforts in Ho focus on simplifying the often complex mortgage process for everyday citizens. Together, these initiatives signal a robust drive toward economic resilience and improved standards of living through both strategic investment leadership and practical housing finance solutions.