Ghana Pushes New Financing Models to Unlock Homeownership
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Nearly six in 10 Ghanaians need financial help to buy a home, yet mortgage access remains extremely limited. Housing leaders now say traditional financing alone cannot solve the country’s affordability challenge.
Ghana’s housing sector may require new financing approaches if homeownership is to become more accessible, according to the National Homeownership Fund (NHF). Speaking at a stakeholder workshop in Accra, NHF CEO Prosper Hoetu said mortgage penetration in Ghana remains below one percent of GDP despite many citizens requiring financial support to purchase homes.
The issue is significant because high lending costs, inflation, land challenges, and broader economic pressures continue to limit access to affordable housing. The NHF says it has already tested alternative financing models, including lower-interest mortgages, blended financing structures, and rent-to-own programmes through real estate investment vehicles. Officials believe expanding these tools could help reduce housing barriers while supporting wider economic growth and urban development goals.
Read the full story at Ghana News Agency (GNA) →