Dateline: Accra: Mr. Prosper Hoetu, Chief Executive Officer of the National Homeownership Fund (NHF), has called for stronger collaboration between government, financial institutions, and private developers to expand access to affordable housing.
According to Ghana News Agency, Mr. Hoetu emphasized that housing remains one of Ghana's most pressing socio-economic challenges due to rapid urbanisation, rising land costs, and limited long-term financing options. Speaking at the opening of the National Home Ownership Fair 2026 in Accra, he highlighted that the Fund was established to mobilize capital and develop financing models to make homeownership accessible to low- and middle-income Ghanaians.
Mr. Hoetu stated, "The National Homeownership Fund exists to bridge the gap between aspiration and affordability." The fair, themed 'Building Ghana: One Home at a Time,' aimed to create a platform for dialogue, partnerships, and direct engagement between housing suppliers and prospective homeowners.
He noted that the institution had prioritized strengthening its capital base, expanding partnerships with financial institutions and developers, and increasing public education on homeownership. A significant challenge identified was the lack of adequate information among Ghanaians regarding available mortgage and housing finance options.
Mr. Hoetu commended the government for its support through the Presidency, the Ministry of Finance, and the Ministry of Works, Housing and Water Resources, stressing that macroeconomic stability and sector reforms are crucial for expanding access to long-term housing finance.
He announced that the NHF had partnered with the Shelter Afrique Development Bank to conduct a diagnostic assessment of Ghana's housing sector, aiming to strengthen the Fund's institutional framework and unlock new lines of credit for affordable housing development. The Fund is also developing a national digital database of prospective homeowners to support investment decisions and facilitate efficient mortgage and housing loan processing by financial institutions.
Mr. Hoetu revealed plans for the NHF to soon sign agreements with GCB Bank, Republic Bank (Ghana), and Stanbic Bank Ghana to resume lending under its National Mortgage Scheme, which is expected to support around 1,000 people in acquiring homes. Declining interest rates and improved macroeconomic conditions are anticipated to reduce mortgage costs, potentially bringing lending rates under the scheme to single digits, making homeownership more affordable for Ghanaian workers.
He urged developers, financial institutions, development partners, and prospective homeowners to actively explore partnerships, financing products, and investment opportunities at the fair to help expand housing supply. The NHF plans to organize similar homeownership fairs in Kumasi, Tamale, Ho, and Takoradi later in the year, culminating in a national conference on mortgage and construction financing in October.
In closing, Mr. Hoetu expressed appreciation to the Fund's board, management, sponsors, and partners for supporting the initiative, urging stakeholders to work collectively to transform Ghana's housing sector. "Together, we can restore dignity, security, and stability to families through homeownership and continue building Ghana one home at a time," he said.