Housing Finance in Ghana

Overview

This profile is also available in French here.

To download a pdf version of the full 2020 Ghana country profile, click here.

Before the pandemic, Ghana’s economic growth positioned the country as one of the Africa’s six economies leading the world’s 10 fastest growing economies. Policymakers have focused on shifting the economy from being tax dependent to production based.

There are a range of mortgage products being provided in the market. These include home construction, home purchase, home improvement, refinancing, and land purchase products. To improve access to finance, the Government of Ghana aims to set up a National Development Bank that will boost key sectors of Ghana’s economy including housing.

Many Ghanaians prefer to build and own their houses incrementally which accounts for the widespread horizontal development. Access to affordable housing for the majority of households is a challenge and the pandemic has affected the level of household incomes for formally and informally employed workers. The pandemic has further impacted the Ghanaian construction industry and engagements with investors focused on affordable housing delivery.

Over the last year, there has been significant policy interventions to regulate Ghana’s real estate and construction industries. Government has announced several measures to ensure a credible mortgage system including the setting up of a National Housing Mortgage Fund. There is an opportunity for the private sector and government to collaborate in the promotion of locally sourced construction materials to support the production of affordable housing.

Find out more information on the housing finance sector of Ghana, including key stakeholders, important policies and housing affordability:


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2020 edition, which has up-to-date profiles for 54 African countries.

Download yearbook
View more
View more
View more
View more
View more