Ecobank Ghana and the State Housing Company have announced a strategic partnership aimed at improving access to affordable housing through tailored mortgage financing solutions for Ghanaian workers, particularly those in the public sector.
Under the agreement, Ecobank Ghana will provide mortgage loans of up to US$500,000, or its cedi equivalent, with repayment tenors of up to 20 years to support long-term homeownership planning and ease monthly repayment pressures.
The mortgage products will primarily target public sector workers seeking to acquire properties developed by the State Housing Company, as well as salary account holders whose earnings are kept with Ecobank Ghana.
The partnership is expected to enhance access to long-term mortgage financing at competitive rates, contributing to national efforts to increase homeownership and expand the availability of quality, affordable housing across the country.
The collaboration aligns with the shared commitment of both institutions to advancing national development through affordable, sustainable housing and inclusive financial solutions that promote economic empowerment.
It will also support prospective homeowners interested in purchasing properties developed by the State Housing Company, one of Ghana’s leading public housing developers.
Through the partnership, Ecobank Ghana says they intend to leverage their strong balance sheet, nationwide branch network and mortgage financing expertise to make homeownership more attainable for workers.
Commenting on the partnership, Ecobank’s Executive Director and Regional Head for Consumer Banking, Tara Squire, said,
“This partnership with State Housing Company reflects Ecobank Ghana’s commitment to supporting national development priorities through practical, customer-focused financial solutions. By providing competitive, long-term mortgage financing, we are enabling more Ghanaian workers to take a critical step toward homeownership, financial stability and intergenerational wealth creation.”
The Deputy Managing Director of State Housing Company Limited, Samuel Atukwei Quaye Esq., explained that financing remains one of the biggest barriers to homeownership in Ghana.
“Financing is one of the biggest barriers preventing many Ghanaians from owning homes and we know that the housing deficit in Ghana today is about two million. As a company, one of our key responsibilities is to find solutions to this challenge and that is what has prompted this partnership with Ecobank, to kickstart a relationship that will help us meet our shared objective of reducing the housing deficit in the country,” he stated.
