President John Dramani Mahama has said that every Ghanaian deserves to own a house, stressing that housing is a right for all citizens.

According to him, despite the country’s accommodation challenges, it is time for effective measures to be put in place to resolve the housing deficit once and for all.

The President made these remarks during a sod-cutting ceremony at Dedesua in the Ashanti Region for the Green City Project.

He noted that housing is a critical need for everyone, regardless of gender, tribe, or social class, and pledged that his government would work tirelessly to develop social housing that is truly affordable and accessible.

In a move to address Ghana’s persistent housing deficit, the John Dramani Mahama-led government has unveiled an innovative housing financing framework anchored by a GH¢3 billion revolving fund.

The initiative, he explained, aims to make home ownership accessible to workers in urban areas through manageable long-term repayment plans, with a strong focus on affordability and tenant protection.

The President also announced a major low-cost housing initiative aimed at expanding access to decent and affordable accommodation for public sector workers and Ghanaians in general.

According to him, the government is implementing the scheme in partnership with organised labour and financial institutions to ensure that nurses, teachers, doctors, and other civil servants can access quality housing under favourable conditions.

Meanwhile, the Green City Housing Project at Dedesua in the Bosomtwe District of the Ashanti Region is expected to deliver over 1,000 housing units.

Anchored on the innovative financing framework, the project includes the establishment of a GH¢3 billion revolving fund, created through a partnership involving the government, organised labour, the private sector, and key financial institutions.

Under the arrangement, the Social Security and National Insurance Trust (SSNIT) and Republic Bank Ghana will collaborate with the government and labour unions to establish the facility.

The fund will then be used to provide credit to state housing developers such as the State Housing Company and the Tema Development Corporation to construct housing units nationwide.

“Companies like the State Housing Company (SHC), the Tema Development Corporation (TDC), and other housing agencies will be given credit from this fund to build houses. The banks will then provide mortgages for workers to purchase the homes and pay over a 15 to 20-year period,” he explained.

The President added that the model is designed to make home ownership more accessible and sustainable for public sector workers, while also strengthening Ghana’s housing delivery system through structured financing.