Government Reaffirms Commitment to Affordable Housing at National Homeownership Fair 2026

The Government of Ghana has reiterated its commitment to expanding access to affordable housing as a key pillar of national development, at the opening of the National Homeownership Fair 2026.

Speaking at the event the deputy Chief of Staff, Hon. Nana Oye Addo, at the event organised by the National Homeownership Fund (NHF), a representative of the Presidency conveyed warm greetings from President John Dramani Mahama and commended the Fund for creating a national platform to address Ghana’s housing deficit.

The event brought together the Chairman of the NHF Board, Hon. Kenneth Gilbert Adjei, officials from the Ministry of Works, Housing and Water Resources, the Head of Civil Service, traditional leaders including the Osu Mantse, industry players, and other stakeholders.

Housing Central to Development Agenda

Under the theme, “Building Ghana One Home at a Time,” the speaker described housing not merely as a social necessity but as a productive asset that underpins health, education, job creation, economic growth and social stability.

He acknowledged that Ghana’s housing challenge goes beyond construction, stressing that affordability, access to long-term financing, land administration, and infrastructure provision remain major structural constraints.

“These structural barriers have historically pushed homeownership beyond the reach of the average Ghanaian worker,” he noted.

Completing Stalled Housing Projects

Government, he said, has pledged to complete all ongoing and previously stalled housing projects, including delayed affordable housing initiatives. This, he explained, demonstrates a determination to protect investments in the housing sector and ensure continuity.

A major component of the housing strategy includes the introduction of low-cost and social housing schemes targeted at ordinary Ghanaians, including doctors, civil servants and other public sector workers.

Importantly, housing units under these schemes will be priced in Ghana cedis rather than foreign currencies to enhance affordability and shield buyers from exchange rate volatility.

Mobilising Capital for Housing Delivery

The speaker referenced the 2024 NDC manifesto commitment to mobilise capital for affordable housing delivery, citing initiatives such as the Oxygen City Project and the District Housing Programme as examples of mixed-use developments aimed at decentralised growth and integrated planning.

He emphasised government’s resolve to stimulate private sector investment in housing delivery, describing the National Homeownership Fund as central to that effort.

Addressing Mortgage Accessibility

According to the address, mortgage penetration in Ghana remains below one percent of GDP, with historically high interest rates limiting access for most households.

The NHF was established to tackle this challenge by providing long-term, affordable housing finance and removing one of the most critical barriers to homeownership.

“The Fund is not just a housing finance institution; it is a structural state reform tool,” the speaker stated.

Government, he added, is strengthening partnerships with developers, financial institutions, pension funds, local authorities and traditional leaders to unlock serviced land, streamline building approvals and scale up housing delivery at community and district levels.

Legislative Reforms and Tenant Protection

The address also highlighted ongoing legislative reforms, including efforts to modernise the Rent Control framework to protect tenants from unfair practices.

The National Homeownership Fair was described as part of an integrated approach that connects prospective homeowners directly with developers, financiers, regulators and service providers, turning policy initiatives into practical pathways for citizens.

“Homeownership Must Be Realistic”

Addressing young professionals, artisans, public servants and families present at the event, the speaker stressed that homeownership must become a realistic and attainable milestone.

Government, he assured stakeholders, will continue to deepen reforms in land title registration, expand financing options and support innovative delivery models such as rent-to-own, corporate housing and mixed-income developments.

“Building Ghana does not happen in one grand gesture,” he said. “It happens incrementally — one policy, one partnership, one home at a time.”

Fair Officially Opened

The speaker commended the National Homeownership Fund and its partners for their contribution to closing Ghana’s housing gap and strengthening communities.

He then formally declared the National Homeownership Fair 2026 open, expressing confidence that sustained collaboration would secure a better future for generations yet unborn.

“Together, we can close the housing gap. Together, we can strengthen communities. Together, we will secure the future,” he concluded.