NHF outlines priorities for President Mahama's GH¢1 billion affordable housing pledge

The National Homeownership Fund (NHF) has outlined plans to use the government’s pledged GH¢1 billion to expand access to affordable housing and ease the cost of renting in Ghana.

President John Dramani Mahama, 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 to a GH¢3 billion revolving National Housing Fund.

NHF Chief Executive Officer Prosper Hoetu said the funding would support several initiatives aimed at helping more Ghanaians own homes and secure affordable accommodation.

A significant portion will go towards expanding access to the Fund’s low-interest mortgage scheme. Mr Hoetu said several banks were ready to partner with the NHF, and the additional funding would enable the programme to reach more prospective homeowners.

“With lower interest rates, we should be recording numbers in the thousands,” he said, adding that the Fund hoped to support as many eligible Ghanaians as possible.

The NHF also plans to expand its rent-to-own scheme, which currently has limited capacity. The initiative will target people who may not qualify for mortgages but meet the requirements for rent-to-own arrangements.

According to Hoetu, expanding the scheme could help more Ghanaians acquire homes while enabling private developers to recover investments tied up in completed properties.

Another planned intervention is “Operation Complete Uncompleted Buildings,” which will support people who have started building houses but lack the funds to finish them.

Hoetu said the NHF would work with banks, construction start-ups and young professionals to assess unfinished buildings and determine the cost of completing them.

The Fund would then provide financing through its low-interest mortgage scheme to help beneficiaries complete their homes and repay the money gradually.

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

The initiative is also expected to create opportunities for young professionals and construction start-ups involved in completing the buildings.

In addition, the NHF plans to launch its Easy Rent programme before the end of 2026.

The programme will provide financing to support low-interest rent advances for people who struggle to raise the large sums landlords often demand before granting tenants accommodation.

Hoetu said the initiative would help ease the financial burden on renters and improve access to housing.

The proposed GH¢3 billion revolving National Housing Fund is intended to provide financing for housing interventions, with the government’s GH¢1 billion contribution expected to support the expansion of the NHF’s programmes.

The Fund’s planned initiatives cover homeownership, rent-to-own arrangements, the completion of unfinished houses and rent advances, addressing some of the financial barriers that prevent Ghanaians from accessing decent accommodation.



NA/BAI