President John Dramani Mahama has reaffirmed government’s commitment to strengthening the National Housing Fund to expand affordable housing finance for Ghanaians.
He said the planned transition of the National Home Ownership Fund Limited into the National Housing Fund Limited would give the institution a broader mandate to support housing delivery and provide more affordable options to households.
President Mahama made the remarks on Wednesday, October 7, 2026, when he opened the National Conference on Housing Finance at the Mövenpick Ambassador Hotel in Accra.
According to him, the housing fund must become an effective vehicle for mobilising and deploying financing to address Ghana’s housing needs.
“Government remains committed to strengthening the fund’s capacity to fulfil its mandate,” he said.
He explained that the envisaged transition would support a broader focus on financing housing delivery rather than concentrating solely on home ownership.
The President said the expanded mandate should help provide different financing options for households depending on their circumstances.
These, he noted, could include mortgages, rent-to-own arrangements, affordable rental accommodation, incremental housing loans and social housing support.
President Mahama said the housing finance system must also become more inclusive by reaching informal workers, low-income households, women and persons with disabilities.
He urged financial institutions to develop alternative methods of assessing the repayment capacity of people who do not receive formal monthly salaries.
The President also announced a planned GH¢1 billion government contribution to a GH¢3 billion revolving fund for the National Housing Fund.
He said the money would be included in the 2027 Budget and made available for housing finance on a revolving basis.
President Mahama said the combination of institutional strengthening and increased financing should help the fund contribute significantly to closing Ghana’s 1.8 million-unit housing deficit.
He stressed that the ultimate objective was to ensure that more Ghanaian households could access decent homes at prices they could afford
