Republic Bank (Ghana) PLC has announced plans to reconfigure mortgage financing in 2026 as part of efforts to make homeownership more accessible and faster for Ghanaians both at home and abroad.
The bank stated that the goal was to reduce processing times, increase access and promote housing demand through digital verification and specialised advisory services.
The strategy, according to the bank, was driven by growing demand for mortgages and the need to remove long-standing barriers that slow approvals.
It said the measures would help first-time buyers and property investors secure financing with greater certainty and clearer timelines.
Speaking on the direction of the bank for 2026, the Managing Director, Dr Benjamin Dzoboku, said the bank aimed to simplify the mortgage journey while maintaining strong risk controls.
“We had focused on speed, access and guidance because homeownership mattered to financial stability,” he said.
The Republic Bank said faster mortgage solutions would be introduced to reduce turnaround time through advanced digital checks and personalised support.
It said customers would benefit from quicker approvals and competitive rates backed by specialist advice from application to completion.
The bank said the approach was intended to meet different needs, including buyers purchasing their first homes and investors expanding property portfolios.
It noted that clearer processes would also improve confidence among customers navigating the housing market.
Dr Dzoboku said the bank’s priority was to ensure mortgage products matched customer realities.
“We had designed options that reflected income patterns and repayment capacity, while keeping approvals efficient,” he said.
Track record in housing finance
Republic Bank said it had strengthened its position in mortgage financing over the past two years, supporting more than 300 Ghanaians to acquire homes.
It said this reflected steady demand across income groups and professions.
The bank said its mortgage activity covered both resident and non-resident Ghanaians, with tailored solutions to address location, documentation and income verification challenges.
It added that homeownership remained central to long-term financial planning.
Dr Dzoboku said the bank viewed housing finance as a national development issue.
“We had seen how stable housing supported families and productivity, and we had stayed committed to expanding access,” he said.
Diaspora and local focus
A key part of the bank’s strategy has been its Diaspora Mortgage portfolio, which it described as a pillar of long-term growth. Republic Bank said it continued to engage Ghanaians living in Europe, North America, Asia and the Caribbean who wished to invest in property back home.
The bank said the diaspora focus strengthened capital inflows and kept overseas Ghanaians connected to the local economy. It added that structured support reduced risks associated with distance and unfamiliar property markets.
At the same time, the bank said it maintained a strong commitment to local homebuyers. Dr Dzoboku said the dual focus was deliberate.
“We had balanced support for residents and the diaspora because both groups drove housing demand,” he said.
Products, rates and protection
Republic Bank said its mortgage offering was supported by fixed interest rates and flexible repayment options that allowed customers to plan cash flows with confidence.
It said predictability was important in a changing economic environment.
The bank said it offered loan-to-value ratios of up to 80 to 100 per cent, reducing the burden of large upfront payments. It added that this had opened homeownership to more households.
Its product range includes land, home purchase, home improvement, home completion, build and own, home equity release and pension-backed mortgages. The bank said it also placed strong emphasis on land and property due diligence to protect customers.
Dr Dzoboku said these safeguards were essential.
“We had ensured proper checks to give customers peace of mind throughout the process,” he said.
Source:
www.graphic.com.gh
