Mahama Unveils Affordable Housing Scheme for Teachers, Nurses and Civil Servants in Ghana

President John Dramani Mahama has announced a major low-cost housing initiative aimed at expanding access to affordable and dignified accommodation for public sector workers across Ghana.

The President disclosed that 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 decent housing under favourable conditions.

He made the announcement on Saturday, May 9, during the sod-cutting ceremony for the construction of the over 1,000-unit Green City Housing Project at Dedesua in the Bosomtwe District of the Ashanti Region.

According to him, the initiative is anchored on an innovative housing finance framework that includes the establishment of a GH¢3 billion revolving fund. The fund will be created through a partnership involving government, organised labour, the private sector, and key financial institutions.

Under the arrangement, the Social Security and National Insurance Trust and the 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 State Housing Company (SHC), Tema Development Corporation (TDC), and all the housing companies will be given credit from this fund to build houses. And then the banks will give mortgages for the workers to buy the houses and pay over a 15 to 20-year period,” he said.

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