By Morkporkpor Anku, GNA
Accra, March 5, GNA – Nana Oye Bampoe Addo, the Deputy Chief of Staff, has reaffirmed the Government’s commitment to providing affordable and accessible housing for all citizens.
She said housing was not only a social necessity but also a productive asset that underpinned health, education, job creation and economic growth.
Madam Bampoe Addo said this at the opening of the National Home Ownership Fair 2026, held on the theme: “Building Ghana, One Home at a Time,” in Accra on Thursday.
Ghana’s housing deficit, estimated at more than 1.8 million units as of 2025, remained a pressing national challenge driven by rapid urbanisation, population growth and limited housing finance.
She emphasised the Government’s determination to complete ongoing projects such as the Saglemi Affordable Housing Project, Ho Oxygen City, and the District Housing Programme to ensure that ordinary workers, civil servants and professionals had access to affordable homes.
Madam Bampoe Addo said the National Home Ownership Fund played a pivotal role in addressing barriers to home ownership by expanding mortgage access and stimulating private sector participation.
“Collaborative efforts with developers, financial institutions, local authorities and traditional leaders are central to scaling up housing delivery across the country,” she said.
She commended ongoing legislative reforms, including the modernised Rent Control Bill, which she said would protect tenants and create a more structured housing sector.
The Deputy Chief of Staff encouraged stakeholders to work together, noting that housing development required sustained and coordinated efforts.
She said the fair provided a platform for prospective homeowners, developers, financiers and regulators to engage directly on housing solutions, reflecting a unified approach to addressing Ghana’s housing deficit.
Mr Thomas Nyarko Ampem, the Deputy Minister of Finance, said achieving affordable housing in Ghana required sustained macroeconomic stability, long-term financing solutions and structural reforms to reduce the cost of home ownership.
He noted that the housing gap was not only a social concern but also an economic issue, as poor living conditions, high rents and long commuting times negatively affected productivity, health and educational outcomes.
Citing data from the Ghana Statistical Service, he said the construction sector expanded by 5.5 per cent year-on-year in the third quarter of 2025, demonstrating the sector’s potential to creating jobs and stimulating economic growth when adequately supported.
Mr Ampem outlined three key priorities of the Ministry of Finance in addressing the housing challenge: maintaining macroeconomic stability to lower the cost of capital; unlocking long-term patient capital for housing finance; and implementing reforms to reduce non-construction costs such as land acquisition, permitting and infrastructure provision.
He said the Government’s fiscal strategy remained anchored on discipline, credibility and transparency to sustain low inflation, stabilise the currency and restore investor confidence.
Mr Ampem added that the Ministry was strengthening partnerships with pension funds, banks and development finance institutions to mobilise long-term capital for housing, while supporting reforms to enhance land title security and streamline regulatory processes.
He described the fair as a platform for dialogue and collaboration among developers, financiers, regulators and citizens, aimed at making home ownership attainable for ordinary Ghanaians.
GNA
Edited by Agnes Boye-Doe