Government committed to addressing affordable housing challenges – Deputy Chief of Staff
Government has reaffirmed its commitment to providing affordable and accessible housing to citizens as part of efforts to address Ghana’s housing deficit and support economic growth.
Madam Nana Oye Bampoe, Deputy Chief of Staff, said housing was not only a social necessity but also a productive asset that underpinned health, education, job creation and national development.
She gave the assurance at the opening of the National Home Ownership Fair 2026 in Accra, held on the theme: “Building Ghana, One Home at a Time.”
Madam Bampoe said the Government was determined to complete ongoing housing initiatives, including the Sagleme Affordable Housing Project, Ho Oxygen City and the District Housing Programme, to expand access to homes for ordinary workers, civil servants and professionals.
She 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 housing delivery across the country,” she said.
Madam Bampoe commended ongoing legislative reforms, including the modernised Rent Control Bill, which she said would protect tenants and help create a more structured housing sector.
She urged stakeholders to work together to sustain housing development efforts nationwide.
The Fair provides a platform for prospective homeowners, developers, financiers and regulators to engage directly on housing solutions aimed at closing Ghana’s housing gap.
Mr Thomas Nyarko Ampem, Deputy Minister for 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 said Ghana’s housing deficit, estimated at more than 1.8 million units as of 2025, remained a major national challenge driven by rapid urbanisation, population growth and limited housing finance.
Mr Ampem said 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 its potential to create jobs and stimulate 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.
The Deputy Minister said 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 to make home ownership attainable for ordinary Ghanaians.
Source: GNA