President John Dramani Mahama announced on Saturday, May 9, the establishment of a new GH¢3 billion revolving fund to significantly enhance the delivery of affordable housing. The initiative, revealed during the sod-cutting ceremony for the Green City Housing Initiative in Kumasi, aims to provide long-term mortgage financing specifically for Ghanaian workers.
A Collaborative Approach to Housing Finance
The groundbreaking fund is structured as a public-private partnership, involving key stakeholders such as the government, organised labour, the Social Security and National Insurance Trust (SSNIT), Republic Bank, and the private sector. This collaborative model is designed to pool resources and expertise for a sustainable housing solution.
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