No minimum salary required for Republic Bank mortgage – Head of Mortgage Banking
The Head of Mortgage Banking at Republic Bank, Dan Adjetey Morhenu, has assured prospective homeowners that there is no minimum salary requirement for accessing a mortgage from the bank.
Republic Bank's Head of Mortgage Banking, Dan Adjetey Morhenu, assured prospective homeowners that the bank does not impose a minimum salary requirement for mortgage financing. Republic Bank's mortgage solutions are tailored to accommodate customers from various income levels, depending on an applicant's income and the type of property they intend to acquire.
At the 2026 JoyNews-Republic Bank Habitat Fair, Morhenu explained that Republic Bank could support customers at different stages of homeownership, including those who may need to acquire land before gradually developing their properties. The fair, held from August 21-23, attracted a high turnout before the banks had even fully set up, with Morhenu describing the bank's booth as busy well into the evening.
A key concern among attendees was the minimum income needed to qualify for a mortgage, which Morhenu emphasized the bank does not have. Republic Bank's fixed mortgage rates offer borrowers greater certainty and help manage their cash flow throughout the repayment period. The bank also addressed challenges faced by some customers with foreign currency-denominated mortgages, offering refinancing options to help them manage their debts.
Mortgage Specialist Elizabeth Abena Anokware Amedeka expressed appreciation for the strong public interest and urged attendees to participate in future events, assuring them of Republic Bank's readiness to guide them through the mortgage process.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
