Kwabena Appiah has been appointed by the President Nana Addo Dankwa Akufo-Addo as the Managing Director of the State Housing Company Limited (SHC).

Prior to his appointment, Mr Appiah was the USA Manager for the Federal National Mortgage (Fannie Mae) in the United States of America.

READ ALSO: Owusu Bempah is the new communications director of Ghana Gas

The Federal Mortgage Association commonly known as Fannie Mae is a United States government- sponsored enterprise that provides financial products and services that increase the availability and affordability of housing for low, moderate and middle-income Americans.

He brings to the SHC, 8 years of experience from the USA housing market plus 4 years from the UK housing market.

READ ALSO: Asamoah-Boateng is new Chief Executive of State Enterprises Commission

Coming to the SHC which has a similar mandate, Mr Appiah said Ghanaians should expect a world class revamp of the housing market in Ghana.

Accepting his appointment letter from the President, he assured to reduce the housing deficit in Ghana by bringing the SHC back to profitability.