By Morkporkpor Anku
Accra, March 20, GNA – 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.
He said housing remained 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, Mr Hoetu said the Fund was established to mobilise capital and develop financing models that make homeownership accessible to low‑ and middle‑income Ghanaians.
“The National Homeownership Fund exists to bridge the gap between aspiration and affordability,” he said.
The fair was held on the theme “Building Ghana: One Home at a Time,”
Mr Hoetu noted that the institution had prioritised strengthening its capital base, expanding partnerships with financial institutions and developers, and increasing public education on homeownership.
He said that many Ghanaians lacked adequate information on available mortgage and housing finance options and underscored the need to empower prospective homeowners with knowledge to confidently access housing opportunities.
Mr Hoetu said the Fair brought together developers, financial institutions, regulators, insurers and land administrators to create a platform for dialogue, partnerships and direct engagement between housing suppliers and prospective homeowners.
He commended government for its support through the Presidency, the Ministry of Finance and the Ministry of Works, Housing and Water Resources, noting that macroeconomic stability and sector reforms were critical for expanding access to long‑term housing finance.
Mr Hoetu announced that the NHF had partnered with the Shelter Afrique Development Bank to undertake a diagnostic assessment of Ghana’s housing sector to strengthen the Fund’s institutional framework and unlock new lines of credit to support affordable housing development.
He disclosed that the Fund was developing a national digital database of prospective homeowners to support investment decisions and enable financial institutions to process mortgage and housing loan applications more efficiently.
Mr Hoetu said that the NHF would soon sign agreements with GCB Bank, Republic Bank (Ghana) and Stanbic Bank Ghana to resume lending under its National Mortgage Scheme, expected to support about 1,000 people to acquire homes.
He explained that declining interest rates and improved macroeconomic conditions were expected to reduce mortgage costs, potentially bringing lending rates under the scheme to single digits and making homeownership more affordable for Ghanaian workers.
Mr Hoetu 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.
He said the NHF planned to organise 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.
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.
GNA
Edited by Kenneth Sackey