Delivering more affordable housing: Pension funds, partners, govt to collaborate — Deputy Chief of Staff
The government will deepen engagement with pension funds, developers, financial institutions, local authorities and traditional leaders to unlock serviced land and scale up affordable housing delivery across the country, a Deputy Chief of Staff at the Office of the President, Nana Oye Bampoe Addo, has said.
She explained that the collaborative approach was aimed at addressing structural bottlenecks in the housing sector, including land administration challenges, limited access to long-term finance and infrastructure gaps.
“One policy, one partnership, one home at a time. Together, we can all close the housing gap, strengthen communities together and secure the future of generations yet unborn,” she said.
She was speaking at the opening of the 2026 National Homeownership Fair held in Accra yesterday.
The maiden edition of the fair was organised by the National Homeownership Fund (NHF) on the theme: “ Building Ghana: One Home At A Time”.
”The two-day event featured various exhibitors showcasing a wide range of housing options, financing models and building solutions.
Government efforts
Ms Bampoe Addo lamented that mortgage penetration remained below one per cent of Gross Domestic Product (GDP), while high interest rates had historically placed homeownership beyond the reach of many households.
Therefore, the NHF, she said, was positioned as a structural reform tool to expand access to affordable housing finance and support community and district-level housing delivery.
She reiterated that the government was embarking on legislative and administrative reforms, including land title registration and modernised rent control measures, to protect tenants and create a more predictable housing market.
“Government remains committed to removing all the barriers that keep homeownership out of reach for too long. It will continue to support the innovative housing delivery models such as right to rent to own, corporate housing and mixed income development,” she said.
The Minister of Works, Housing and Water Resources, Kenneth Gilbert Adjei, enumerated the government’s integrated agenda linking housing delivery with climate resilience and decentralisation.
He outlined the housing programme which was piloting affordable two-bedroom units in selected districts with plans to scale nationwide.
Emphasising inclusivity, he said teachers, health workers and other public servants were priority beneficiaries under schemes supported by the National Homeownership Fund.
The Deputy Minister of Finance and MP for Asuogyaman, Thomas Nyarko Ampem, said the country’s 1.8 million housing deficit demanded macroeconomic stability, long-term finance and structural reforms.
He mentioned that declining inflation and a reduced policy rate were improving affordability, and stressed the need to streamline land registration and cut transaction costs.
National commitment
The Chief Executive Officer (CEO) of the National Homeownership Fund, Prosper Hoetu, described the maiden fair as a renewed national commitment to structured, accessible and sustainable home financing.
He outlined strategies to strengthen the fund’s capital base, deepen partnerships with financial institutions and developers, and expand public education on mortgage options.
He announced pending agreements with GCB Bank, Republic Bank and Standard Bank to resume lending under the National Roadway Scheme, projected to support about 1,000 beneficiaries.
Mr Hoetu also highlighted efforts to build a national housing database to improve transparency and loan processing.
