Mahama Directs GH¢1 Billion Allocation For National Housing Fund In 2027 Budget
President John Dramani Mahama has directed the Minister of Finance to allocate GH¢1 billion in the 2027 Budget as the government’s seed contribution to a GH¢3 billion revolving National Housing Fund aimed at tackling Ghana’s housing deficit.
According to Mahama, the revolving fund will be a game-changer in supporting large-scale affordable housing projects and expanding access to housing finance for low- and middle-income earners.
He explained that the fund is designed to be sustainable, with repayments ploughed back to finance more housing projects.
“The housing challenge requires bold and innovative financing. Government cannot do it alone, but we must lead the way. That is why I have directed the Minister of Finance to provide GH¢1 billion in the 2027 Budget as the government’s contribution towards a GH¢3 billion revolving National Housing Fund,” he announced.
To address the immediate pressure of rent on workers, the President also announced the proposed Easy Rent programme.
Under the initiative, workers will be able to access rent advances from participating financial institutions and repay in convenient monthly instalments, ending the burden of demanding two or more years’ rent in advance.
He further called on banks, pension funds and private investors to develop innovative financing solutions to help complete the thousands of unfinished houses dotted across the country, which he said lock up huge capital and deepen the housing crisis.
President Mahama reiterated his government’s commitment to making decent housing a right and not a privilege.
“Every family deserves the security of a decent home. That ambition must guide our policies, shape our investments, and drive our work,” he stressed.
He made these remarks at the maiden National Conference on Housing Finance on October 7, 2026, where he said there was a major push to address Ghana’s housing deficit.
He also announced the proposed Easy Rent programme to help workers pay rent advances and repay the amount monthly. The initiative, which will be rolled out in collaboration with financial institutions, is expected to end the burden of demanding two or more years’ rent advance from tenants.
The President further called for innovative financing solutions to help complete the thousands of unfinished houses across the country, describing them as locked-up capital that could help bridge the housing gap.
Reaffirming his commitment to affordable housing, President Mahama said every Ghanaian family deserves access to a decent and affordable home.
The maiden conference brought together policymakers, banks, pension funds, real estate developers and development partners to explore sustainable financing models to reduce Ghana’s housing deficit, currently estimated at over 1.8 million units.
Click to read more: https://opemsuo.com/author/hajara-fuseini/
