President John Dramani Mahama has unveiled a major low-cost housing initiative to provide affordable, decent accommodation for public sector workers across the country.

The initiative, according to the President, is being implemented through a partnership between government, organised labour, financial institutions, and the private sector to ensure that teachers, nurses, doctors, and other civil servants can own homes under flexible and affordable conditions.

Mahama announced the policy on Saturday, May 9, 2026, during the sod-cutting ceremony for the construction of the more than 1,000-unit Green City Housing Project at Dedesua in the Bosomtwe District of the Ashanti Region.

Speaking at the event, he explained that the programme is built around a new housing finance arrangement that will include the creation of a GH¢3 billion revolving fund to support housing development nationwide.

The revolving fund, he said, will be established through a collaborative arrangement involving the government, organised labour, the private sector, and major financial institutions.

Under the initiative, the Social Security and National Insurance Trust (SSNIT) and Republic Bank Ghana are expected to partner with labour unions and the government to operationalise the fund.

The financing facility will provide credit support to state-owned housing developers, including the State Housing Company (SHC) and the Tema Development Corporation (TDC), to accelerate the construction of affordable housing units across the country.

“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.

President Mahama noted that the arrangement is intended to make home ownership more accessible to public sector workers while strengthening the country’s housing delivery system through structured and sustainable financing.

He added that the initiative forms part of broader efforts to address Ghana’s housing deficit and improve living conditions for workers who continue to face challenges accessing affordable housing.