Ghana’s housing sector, grappling with an estimated two million-unit deficit, is poised for a significant boost as the State Housing Company Limited (SHC) and Republic Bank have signed a new mortgage partnership. This initiative aims to alleviate long-standing affordability challenges and enhance access to home financing for Ghanaians. The memorandum of understanding (MoU), signed in Accra, is expected to broaden mortgage accessibility across various income brackets, tackling one of the most persistent bottlenecks in the country’s real estate market. Despite a strong demand for housing, many potential homeowners find themselves locked out of the formal housing system due to limited access to mortgage financing. According to the World Bank, Ghana requires between 70,000 and 133,000 new housing units each year. However, only about a third of this demand is currently met, with much of the available supply skewed towards high-end properties that are often unaffordable for middle- and...