Prosper Hoetu, the Chief Executive Officer of the National Homeownership Fund
Prosper Hoetu, the Chief Executive Officer of the National Homeownership Fund (NHF), says the African continent does not need to import solutions to address its housing challenges.
He said the continent could leverage local materials and technology to provide affordable houses.
Hoetu was speaking at the 44th Annual General Meeting of the Shelter Afrique Development Bank held in Algiers, Algeria.
The event was on the theme: “Strengthening Africa’s Housing Sector: Local Solutions to Global Challenges.”
Hoetu also made a presentation on the topic: “Enhanced Housing Policies and Adoption of Sustainable Construction Materials and Technologies – Case Studies from Ghana.”
He said the Fund was leading practical innovations, strategic policy reforms, and the transformative initiatives in line with the vision of President John Dramani Mahama in advancing Ghana’s affordable housing agenda, promoting inclusivity and sustainability in homeownership.
He said the Fund was providing innovative financing, where they were engaging in public-private partnership models, coupled with green and climate finance.
He said the government was engaging in inclusive and climate resilient housing, where vulnerable groups, women, and low-income earners could take advantage of the opportunity to own a house.
He said the NHF was exploring Shelter Afrique Viral Module Assessment and developing a comprehensive affordable housing strategy.
Madam Selma Haddedi, Deputy Chairperson of the African Union Commission, spoke on Africa’s rapid urbanisation, warning that urbanisation soared from 15 per cent in 1960 to 40 per cent in 2010 and was projected to reach 60 per cent in 2050.
She highlighted the potential for wealthier consumer markets and stronger trade networks but stressed that this depends on urgent investment in infrastructure, especially affordable housing, and action on climate risk.
She reaffirmed the AU’s commitment to work with Shelter Afrique Development Bank on governance, policy, and sustainable funding to shape the future of African cities.