The First-Time Buyer's Complete Guide to Getting a Mortgage in Ghana
5 May 20268 min read882 views
Adjoa Begye Akazon
## Getting a Mortgage in Ghana: A Step-by-Step Guide
Homeownership through mortgage financing is increasingly accessible in Ghana. Here is everything you need to know.
### Which Banks Offer Mortgages?
- **GCB Bank**: Up to 20-year terms, competitive rates starting from 18%
- **Stanbic Bank**: Fast processing, popular with salaried professionals
- **Cal Bank**: Strong in Kumasi and Takoradi markets
- **Absa Ghana**: Diaspora mortgage product for overseas Ghanaians
### Key Requirements
1. **Proof of income**: 3 months payslips or 2 years audited accounts (self-employed)
2. **Valid Ghana Card or passport**
3. **Property valuation report** from an accredited valuer
4. **Title deed** or site plan of the property
5. **Equity deposit**: Minimum 15–25% depending on the bank
### Tips to Improve Your Application
- Maintain a clean credit record — avoid defaults for 12 months prior
- Reduce existing loan obligations before applying
- Get a formal job letter confirming employment tenure
*Begye Akazon partners with multiple mortgage providers and can refer you to the right product for your situation.*
MortgageFinanceFirst-Time BuyersGhana Banks
