NHF outlines priorities for Mahama’s GH¢1bn affordable housing pledge

The National Homeownership Fund (NHF) has outlined how it plans to use the GH¢1 billion the government has pledged to the National Housing Fund to expand access to affordable housing for Ghanaians.

Recently, President John Dramani Mahama, while speaking at the National Conference on Housing Finance on October 7, 2026, directed the Minister of Finance to allocate GH¢1 billion in the 2027 Budget as the government’s contribution towards a GH¢3 billion revolving National Housing Fund.

Responding to the President’s pledge, the Chief Executive Officer of NHF, Prosper Hoetu, said the money would be channelled into several initiatives aimed at helping Ghanaians own homes and easing the financial burden of renting.

According to the CEO, a significant portion of the funding will be used to expand access to the NHF’s low-interest mortgage scheme.

NHF outlines priorities for Mahama’s GH¢1bn affordable housing pledge

He explained that the NHF already has several banks willing to partner with it, adding that the additional funding will enable the programme to reach more Ghanaians who want to own homes.

“One, we are going to use part of the one billion to expand access to our low-interest mortgage because we already have a lot of banks that are willing to partner with us to reach as many Ghanaians as possible who want to own homes.

“And with lower interest rates, we should be recording numbers in the thousands. And so that is one way we are going to utilise the money. So if you qualify for the mortgage or you are interested, we should be able to support as many Ghanaians as possible,” he said.

The CEO further disclosed that part of the funding will be used to expand the Fund’s rent-to-own scheme, which currently has limited capacity.

He said the initiative would target Ghanaians who may not qualify for a mortgage but are eligible for rent-to-own arrangements.

According to him, expanding the scheme could also help private developers recover investments from completed properties while creating room for further housing development.

“We are also going to apply parts of the financing to expand access to our rent-to-own scheme. Because now access is limited. We are only able to save a handful.

“But with this support, many more Ghanaians who cannot qualify for a mortgage but will qualify for rent-to-own, we should be able to support them,” he explained.

He added that the initiative could stimulate investment in the housing sector by empowering more Ghanaians to purchase properties that are currently on the market.

Another major initiative planned under the funding is what the NHF CEO described as “Operation Complete Uncompleted Buildings.”

Under the initiative, the Fund intends to support Ghanaians who have started constructing houses but are unable to complete them due to financial constraints.

The CEO said the NHF would work with banks, construction start-ups and young professionals to assess unfinished buildings, determine the cost of completing them and provide financing under the low-interest mortgage scheme.

“What we will do is that we'll work with the banks. We know that there are construction start-ups; there are young people who are looking for jobs. And so we put them together; they will assess the buildings, and then we will value what is left to complete the building, the house.

“And then we will finance them to complete the house for the people to move in, and then they pay back little by little,” he said.

The NHF is also expected to launch its Easy Rent programme before the end of 2026.

The initiative will provide financing to support low-interest rent advances for Ghanaians who struggle to raise the large sums often required to secure accommodation.

“As His Excellency mentioned yesterday, we will launch Easy Rent before the end of this year. And then we'll provide financing to support low-interest rent advances for Ghanaians who are struggling to pay rent,” the CEO stated.

He explained that the NHF already has several banks willing to partner with it, adding that the additional funding will enable the programme to reach more Ghanaians who want to own homes.

“One, we are going to use part of the one billion to expand access to our low-interest mortgage because we already have a lot of banks that are willing to partner with us to reach as many Ghanaians as possible who want to own homes.

NHF leads fresh push to make homeownership affordable in Ghana

“And with lower interest rates, we should be recording numbers in the thousands. And so that is one way we are going to utilise the money. So if you qualify for the mortgage or you are interested, we should be able to support as many Ghanaians as possible,” he said.

The CEO further disclosed that part of the funding will be used to expand the Fund’s rent-to-own scheme, which currently has limited capacity.

He said the initiative would target Ghanaians who may not qualify for a mortgage but are eligible for rent-to-own arrangements.

According to him, expanding the scheme could also help private developers recover investments from completed properties while creating room for further housing development.

“We are also going to apply parts of the financing to expand access to our rent-to-own scheme. Because now access is limited. We are only able to save a handful.

“But with this support, many more Ghanaians who cannot qualify for a mortgage but will qualify for rent-to-own, we should be able to support them,” he explained.

He added that the initiative could stimulate investment in the housing sector by empowering more Ghanaians to purchase properties that are currently on the market.

Another major initiative planned under the funding is what the NHF CEO described as “Operation Complete Uncompleted Buildings.”

Under the initiative, the Fund intends to support Ghanaians who have started constructing houses but are unable to complete them due to financial constraints.

The CEO said the NHF would work with banks, construction start-ups and young professionals to assess unfinished buildings, determine the cost of completing them and provide financing under the low-interest mortgage scheme.

“What we will do is that we'll work with the banks. We know that there are construction start-ups; there are young people who are looking for jobs. And so we put them together; they will assess the buildings, and then we will value what is left to complete the building, the house.

“And then we will finance them to complete the house for the people to move in, and then they pay back little by little,” he said.

The NHF is also expected to launch its Easy Rent programme before the end of 2026.

The initiative will provide financing to support low-interest rent advances for Ghanaians who struggle to raise the large sums often required to secure accommodation.

“As His Excellency mentioned yesterday, we will launch Easy Rent before the end of this year. And then we'll provide financing to support low-interest rent advances for Ghanaians who are struggling to pay rent,” the CEO stated.



NA/BAI