{
  "id": 8229511,
  "title": "Republic Bank targets 42% mortgage market share by 2026 year-end",
  "url": "https://urgent.news/2026/09/18/republic-bank-targets-42-mortgage-market-share-by-2026-year-end",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T10:46:00.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/republic-bank-targets-42-mortgage-market-share-by-2026-year-end/"
  },
  "original_language": "en",
  "account": "Republic Bank (Ghana) PLC is aiming to capture 40-42% of Ghana's mortgage market by the end of 2026. Managing Director Dr Benjamin Dzoboku stated this during an interview on Joy FM's Personality Profile, where he explained that the bank currently holds more than 38% of the mortgage market and is focused on reclaiming its dominant position. Dr Dzoboku emphasized that the bank's initial purpose was mortgage financing, which led to its evolution into a full-service commercial bank. The renewed drive to increase mortgage market share reflects the bank's commitment to reconnecting with its original mandate and improving its housing finance services. Republic Bank is implementing new strategies, including digital verification, reduced processing times, and specialized advisory services for prospective homeowners and investors. The bank's current mortgage products include home purchase, home equity, home completion, home improvement, buy-build-and-own, pension-backed, executive, switch and land mortgages. The current individual cedi mortgage rate is 18% per annum, while the USD mortgage rate is 11.5% per annum. The bank also offers up to 20-year terms for cedi mortgages and up to 15-year terms for USD mortgages. To attract more potential homeowners, Republic Bank has partnered with Petra Trust on pension-backed mortgage financing. The renewed mortgage strategy is complemented by the Republic Bank JoyNews Habitat Fair, a three-day event aimed at connecting prospective homeowners with developers, financial institutions, and other housing sector players. The next fair is scheduled for September 25-27, 2026, and will be held at Junction Mall, Nungua.",
  "summary": "Republic Bank (Ghana) PLC is targeting 40-42 per cent of Ghana’s mortgage market by the end of 2026, as it intensifies efforts to reclaim its position as a dominant player in the country’s housing finance sector.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Republic Bank targets 42% mortgage market share by 2026 year-end",
        "url": "https://urgent.news/2026/09/18/republic-bank-targets-42-mortgage-market-share-by-2026-year-end-8230637",
        "published": "2026-09-18T10:46:00.000Z"
      }
    ]
  },
  "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."
}