President John Dramani Mahama has unveiled a new affordable housing programme aimed at helping public sector workers across Ghana gain access to decent and affordable homes.

The initiative was announced during the sod-cutting ceremony for the Green City Housing Initiative in the Ashanti Region.

According to President Mahama, the programme is designed to ease accommodation challenges facing teachers, nurses, doctors, civil servants, and other essential workers.

GH₵3bn Fund To Drive Housing Delivery

At the centre of the programme is a GH₵3 billion revolving housing fund established through collaboration between government agencies, organised labour groups, financial institutions, and developers.

The fund will support large-scale housing development and create long-term home ownership opportunities for workers across the country.

Mahama explained that state-backed developers, including the State Housing Company and Tema Development Corporation, alongside private developers, will access financing to construct housing units in major urban centres.

Commercial banks are expected to provide mortgage facilities to eligible workers, allowing repayment over a period of 15 to 20 years.

Homes To Be Priced In Ghana Cedis

A key feature of the programme is that houses and mortgage repayments will be denominated strictly in Ghana cedis rather than foreign currencies.

President Mahama said the move is intended to protect homeowners from exchange rate volatility and rising repayment burdens caused by currency depreciation.

He noted that previous mortgage systems exposed many workers to fluctuating repayment costs whenever the cedi weakened against foreign currencies.

According to him, the new framework is expected to improve stability and predictability in Ghana’s housing finance sector.

Government Pushes Homegrown Housing Solution

Mahama described the initiative as a homegrown response tailored to Ghana’s economic realities and housing challenges.

He stated that the programme aligns with broader efforts to improve living standards and expand access to affordable housing for working-class citizens.

The housing scheme will be implemented in phases, with authorities expected to release additional details on eligibility requirements, financing structures, and project timelines in the coming months.

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Inflation pressures across Africa’s largest economies moderated in 2025, reversing the sharp price increases recorded in 2023 and 2024, according to a BusinessDay analysis based on World Bank data.

Tighter monetary policies, easing food and energy prices, and improved currency stability helped slow consumer price growth across much of the continent, providing relief to households and businesses

Inflation Trends Across Africa’s Biggest Economies

The analysis of Africa’s 10 largest economies shows that Morocco recorded the lowest average inflation between January and October 2025 at 0.94 percent, followed by South Africa at 3.15 percent.

Other relatively low-inflation economies included Tanzania (3.33 percent) and Kenya (4.04 percent), while inflation remained elevated in countries such as Ethiopia, Egypt, Ghana, Angola, and Nigeria.

Nigeria, Africa’s most populous nation, recorded an average inflation rate of 14.45 percent in November, marking the eighth consecutive monthly slowdown, according to the National Bureau of Statistics.

Regional Outlook

Excluding Algeria, which recorded episodes of deflation, the nine remaining economies posted an average inflation rate of 10.74 percent in 2025, down from 16.28 percent in 2024 and 15.57 percent in 2023.

The World Bank’s latest Africa Pulse report projects regional economic growth of 3.8 percent in 2025, up from 3.5 percent in 2024, with further acceleration expected in 2026 and 2027.

The report noted that easing inflation has created room for gradual monetary policy relaxation, supporting household consumption and private investment, even as fiscal consolidation remains a constraint in some economies.

Low-Inflation Economies

Morocco

Morocco maintained Africa’s lowest inflation in 2025, supported by lower food prices, easing imported inflation, and subdued core price pressures. The central bank kept its policy rate at 2.25 percent to support economic growth.

South Africa

Inflation remained within the central bank’s target range, helped by declining fuel costs and weak domestic demand. The South African Reserve Bank cut its benchmark rate multiple times during the year as price pressures eased.

Kenya and Tanzania

Kenya and Tanzania recorded moderate inflation, driven mainly by food, housing, and transport costs. Both countries maintained accommodative monetary policies to support economic activity.

Moderate- to High-Inflation Economies

Ethiopia

Ethiopia’s inflation slowed to 13.6 percent, down from over 30 percent in 2023, although food prices, currency pressures, and supply constraints continued to pose challenges.

Egypt

Egypt’s urban inflation declined to 14.4 percent, reflecting tight monetary policy and IMF-backed reforms following earlier currency devaluations.

Ghana

Ghana recorded inflation of 15.4 percent, supported by a stronger cedi and improved export earnings from cocoa and gold. The central bank responded with significant rate cuts as price pressures eased.

High-Inflation Markets

Angola

Inflation in Angola remained elevated at 20.8 percent, driven by food and energy costs, import dependence, and currency volatility, despite gradual monetary easing.

Notable Exception: Algeria

Algeria stood out as the only country to record negative inflation, with consumer prices falling by 0.40 percent in parts of 2025. The deflation reflected weak domestic demand and subdued price pressures.

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