Mortgage

Investing in real estate in Ghana can be a lucrative venture, given the country's growing economy and stable property market. However, one of the most significant challenges for individuals interested in purchasing property is securing the necessary financing. Fortunately, Ghana offers a range of financing options, including mortgages and loans, to help make property ownership a reality. In this article,...

In Ghana, the quest for accessible and affordable housing remains a critical concern as urbanization accelerates. The growing population, coupled with limited resources, has led to a housing gap that demands attention. This article highlights the current landscape of affordable housing in Ghana, highlighting the challenges faced and the potential opportunities that lie ahead. The Housing Landscape in...

The government's new affordable housing project has been described as a create, loot and share venture for the Akufo-Addo administration. The Minority in Parliament has said the project has been launched without parliamentary approval. The new housing project was launched on August 1, 2023, to be situated at Pokuase in the Greater Accra Region and Deduase in the Ashanti Region. The government has...

The government has cut sod for a new affordable housing project, with the cheapest unit costing up to $13,800. Private developers are expected to provide 14,000 affordable housing units under this project. The project will see 8,000 units located at Pokuase/Amasaman in the Greater Accra Region and 6,000 housing units at Dedesua in the Ashanti Region. The private developers have been given a price...

A mortgage is a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt. In other words, a mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a...