Thursday, 05 March

Deputy Chief of Staff reaffirms Govt’s commitment to complete stalled housing projects

Business
Deputy Chief of Staff, Oye Bampoe Addo

Access to affordable housing could soon become a reality for many Ghanaians, as the government announces renewed efforts to complete stalled and abandoned housing projects across the country.

Speaking at the National Home Ownership Fair in Accra on March 4, 2026, Ghana’s Deputy Chief of Staff, Oye Bampoe Addo, reiterated the resolve to revive and complete abandoned housing projects nationwide.

The Government Official noted that, “Government has pledged to complete all ongoing housing initiatives, beginning with the long-delayed projects such as the Saglemi affordable housing project. This commitment signals a determination to finish what was started and to unlock stalled investments in the housing sector.”

Meanwhile, the Chief Executive Officer of the National Homeownership Fund, the state agency mandated to expand access to affordable mortgage financing disclosed plans to introduce single-digit mortgage rates under the National Mortgage Scheme.

According to the Fund, declining interest rates and improved macroeconomic conditions have created room to make mortgage financing more affordable, particularly for low and middle-income earners.

Ghana continues to grapple with a housing deficit estimated at about 2 million units. Despite the growing demand, several affordable housing projects have remained uncompleted, raising concerns about successive governments’ commitment to addressing the shortfall.

Source: Classfmonline.com