{
  "id": 8335103,
  "title": "Why Republic Bank is betting big on mortgages",
  "url": "https://urgent.news/2026/09/18/why-republic-bank-is-betting-big-on-mortgages-8335103",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T21:20:00.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/why-republic-bank-is-betting-big-on-mortgages/"
  },
  "original_language": "en",
  "account": "Republic Bank, Ghana's leading financial institution, is reinvigorating its mortgage financing services as part of a strategic shift back to its original purpose. Dr Benjamin Dzoboku, Republic Bank's Managing Director, stated that the bank was initially established as a mortgage finance institution before transitioning into a commercial bank. He made these remarks during an interview on Joy FM’s Personality Profile with Lexis Bill on September 17, 2026.\n\nThe renewed emphasis on mortgages has already bolstered Republic Bank’s position within the Ghanaian mortgage market, where it currently commands over 38% market share. Dr Dzoboku aims to expand this share to between 40% and 42% by the end of the year. He emphasized that the bank's strategic plan positions mortgage financing as a cornerstone of its five-year roadmap, linking homeownership to family security, community stability, and long-term wealth creation.\n\nRepublic Bank has forged a strategic partnership with the State Housing Company Limited (SHC) to provide tailored mortgage financing to SHC customers and other Ghanaians looking for affordable housing. This collaboration aims to create synergy between housing supply and access to finance, with SHC providing the housing units and Republic Bank offering the mortgage facilities to eligible customers.\n\nIn response to the affordability challenges facing Ghana’s housing sector, the bank has tailored its mortgage products to suit various categories of prospective homeowners, including resident and non-resident Ghanaians, new and repeat home buyers, salaried workers, self-employed professionals, and business owners. For instance, its Home Purchase Mortgage offers financing of up to 100% of the property value for qualifying residents, with mortgage terms extending up to 20 years for cedi-denominated facilities.\n\nTo further strengthen its mortgage financing offerings, Republic Bank collaborates with over 110 housing developers, providing prospective homeowners with access to a diverse range of properties through its mortgage products. Its mortgage portfolio also encompasses home completion, home improvement, build-and-own, land, home equity, and pension-backed facilities, among others.\n\nThe bank’s strategy to concentrate on mortgages is also bolstered by initiatives aimed at fostering collaboration among housing developers, financial institutions, and potential homeowners. One such initiative is the Republic Bank JoyNews Habitat Fair, a joint venture between Republic Bank and the Multimedia Group. The next fair is scheduled for September 25-27, 2026, at Junction Mall, Nungua. This three-day event will offer prospective homeowners and property investors direct access to developers, financial institutions, and other players in the housing ecosystem, enabling them to explore property, financing, and homeownership options under one roof.",
  "summary": "Republic Bank (Ghana) PLC is putting mortgage financing back at the centre of its growth strategy, with Managing Director, Dr Benjamin Dzoboku, saying the move represents a return to the institution’s original purpose.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Why Republic Bank is betting big on mortgages",
        "url": "https://urgent.news/2026/09/18/why-republic-bank-is-betting-big-on-mortgages",
        "published": "2026-09-18T21:20:00.000Z"
      }
    ]
  },
  "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."
}