{
  "id": 12718420,
  "title": "Mahama proposes rent-to-own scheme for unfinished houses",
  "url": "https://urgent.news/2026/10/07/mahama-proposes-rent-to-own-scheme-for-unfinished-houses",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-07T21:10:06.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/mahama-proposes-rent-to-own-scheme-for-unfinished-houses/"
  },
  "original_language": "en",
  "account": "President John Mahama has introduced a financing model aimed at completing thousands of unfinished houses throughout Ghana and transforming them into rent-to-own properties. Addressing the National Conference on Housing Financing in Accra, Mahama suggested the government could locate these unfinished structures, evaluate the expenses for their completion, and offer financial assistance to property owners capable of repaying the support. The proposal stemmed from Mahama's observation of the widespread presence of incomplete buildings across the country, noting the astonishment of encountering such a high number of unfinished houses. He proposed a system where the government would pinpoint the locations of these unfinished homes, enlist the expertise of engineers and architects to determine the remaining costs, and subsequently assist owners in finishing them. Mahama emphasized the potential for this initiative to benefit property owners who have already invested in these properties but require additional financial backing for completion. Once the houses are finished, the occupants could transition into a rent-to-own arrangement, directing the funds they would have spent on rent towards the new payment structure. Under this scheme, beneficiaries would move into the completed houses, and the rent they would have paid elsewhere would then contribute to the rent-to-own payments. President Mahama also proposed that district assemblies could utilize their internally generated funds and Common Fund allocations to invest in rental housing projects. He suggested that this model could alleviate housing shortages for public officials stationed in districts while providing additional revenue for the assemblies. By offering affordable two-bedroom apartments to district employees, the government could improve their internal governance funds. Mahama stressed the need for Ghana to explore diverse financing models to address the country's housing requirements. He encouraged thinking beyond traditional approaches when considering solutions for the housing crisis.",
  "summary": "President John Mahama has proposed a financing arrangement to help complete thousands of unfinished houses across the country and convert them into rent-to-own homes.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}