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President Mahama to open housing finance conference in Accra next month

The National Homeownership Fund will host talks on expanding home loans for low- and middle-income Ghanaians, with collaborators from government, banks and the private sector.

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President John Dramani Mahama will deliver the opening address at a conference on housing finance in Accra next month, the National Homeownership Fund said on Monday. The gathering on 7 and 8 October will bring together government officials, bankers, property developers, civil society and academics to discuss ways to unlock financing for Ghanaians seeking homes.

What we know

  • The National Homeownership Fund will hold a conference on housing finance at the Mövenpick Ambassador Hotel in Accra on 7 and 8 October, according to both Citi Newsroom and Onua Online.
  • The gathering will convene representatives from government ministries, the Bank of Ghana, Shelter Afrique Development Bank, commercial lenders, labour organisations and the private sector to discuss financing solutions for homebuyers in low- and middle-income brackets.

What's disputed / unconfirmed

  • According to the National Homeownership Fund, President Mahama will be the guest of honour and address the opening session on 7 October.
  • The Fund said the conference will work toward a policy outcomes statement with recommendations to guide the housing sector's development and funding.

Why it matters for Ghana

Housing shortages and the high cost of borrowing hold back homeownership across Ghana, from Accra to Kumasi and regional towns. Most wage-earners cannot secure mortgages long enough or cheap enough to build or buy a home. The conference aims to shift that by identifying ways to pump capital into the housing market, which would affect construction jobs, property prices, and families' ability to move from rented compounds to owned homes.

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