President Mahama directs Finance Minister to allocate GH¢1bn for Housing Fund in 2027 Budget
President John Dramani Mahama has directed the allocation of GH¢1 billion toward a GH¢3 billion National Housing Fund to expand affordable housing in Ghana. The revolving fund aims to provide mortgage financing for self-employed individuals who lack traditional banking records.
Why it matters
This initiative addresses a significant 1.8 million unit housing deficit in Ghana by creating alternative financing pathways for the informal sector.
President John Dramani Mahama has directed the Minister of Finance to allocate GH¢1 billion in the 2027 Budget as the government’s contribution to a GH¢3 billion National Housing Fund (NHF).
The money, he said, would be placed fund and used on a revolving basis to finance housing projects and expand access to affordable housing.
President Mahama made the announcement on Wednesday, October 7, 2026, when he opened the maiden National Conference on Housing Finance in Accra.
“I have directed the Minister of Finance to allocate one billion Ghana cedis in next year’s budget as government’s contribution to the three billion revolving fund for the National Housing Fund,” he said.
President Mahama said Ghana’s housing challenge was not only about the number of houses available, but also the ability of households to secure financing on terms they could afford.
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