Ghana 💰 GHS Last updated2026-05-28

Home loan Calculator Ghana

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Quick answer (Ghana)

A GH₵ 800,000 home loan at 28.5% over a 15-year term works out to a monthly payment of about GH₵19,282, with total interest of GH₵2,670,760 over the full term.

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Mortgage Calculator

USD

Home Value

LTV 80% · No PMI ✓

Loan Amount

Interest Rate

Term

Total Monthly

$20,615

PITI

Principal + Interest

$19,282

77% goes to interest

Total Interest

$2,670,760

over 15 years

Monthly Breakdown

Principal & Interest$19,282

Property Tax (1.1%/yr)$917

Homeowner's Insurance (0.5%/yr)$417

Total Monthly$20,615

Principal vs Interest Split

23% principal

77% interest

✨ Live recalculation·Includes P&I, property tax, insurance. Estimates only — consult a licensed lender for exact rates.

Reviewed by

Aisha Rahman, CFP®, MBA LinkedIn ↗

CFP® with 12+ years in mortgage & retirement planning.

Local context

Home loans in Ghana

Typical loan

GH₵800,000

in Ghana

Typical rate

28.5% p.a.

prime borrower, 2026

Typical term

15 years

most common

Market overview

Ghanaian mortgages are concentrated among GCB Bank, Ecobank Ghana, Stanbic Bank Ghana, Absa Ghana, Republic Bank Ghana and Stanbic Home Loans, with Republic Bank historically the largest dedicated mortgage lender. The Bank of Ghana monetary policy rate stands at 27% in early 2026 after the 2022-2024 IMF program and disinflation from peak 54% headline CPI. The cedi has been volatile against the USD, so many lenders also offer USD-denominated mortgages at 9-12% for diaspora and expat buyers. Ghana Home Loans (now part of First National Bank Ghana via acquisition history) and the Ghana Hypothecary scheme also operate in the segment.

Why 28.5% is the typical rate

28.5% reflects a typical GHS-denominated mortgage for a salaried Ghanaian borrower at 75-80% LTV in early 2026, tracking just above the BoG policy rate plus a 1-3% spread.

Tax & regulatory notes

Stamp duty on property conveyance is 0.5-1% depending on value, plus 0.25% deed registration. The Home Mortgage Finance Act 2008 (Act 770) governs foreclosure and securitisation. Capital gains on real estate are taxed at 15% under the Income Tax Act 2015 (Act 896). The National Housing and Mortgage Fund, seeded by government and pension contributions, subsidises affordable housing through participating banks.

🧮 Worked example

A GH₵ 800,000 home loan at 28.5% over a 15-year term

Loan amount

GH₵800,000

Annual interest rate

28.5%

Term

15 years (180 months)

Monthly payment

GH₵19,282

Total interest paid

GH₵2,670,760

Total paid (principal + interest)

GH₵3,470,760

❓ FAQ (Ghana)

Common questions in Ghana.

Should I take a cedi mortgage or a USD mortgage in Ghana?

USD mortgages from Stanbic, Republic or Ecobank carry rates of 9-12% versus 26-32% in cedis, but you bear the FX risk. If your income is in GHS and the cedi depreciates 15-20% as in recent years, a USD loan can become unaffordable quickly. Salaried earners paid in cedis are generally safer in a cedi mortgage despite the higher headline rate; diaspora buyers earning USD/GBP should prefer USD facilities.

Can foreigners and diaspora Ghanaians buy property in Ghana?

Yes. Non-citizens cannot own freehold land but can hold leaseholds of up to 50 years (renewable). Dual citizens and Ghanaians abroad can own freehold. Republic Bank, Stanbic and Ecobank all run diaspora mortgage products underwritten on overseas income in USD/GBP/EUR, typically requiring a 20-30% down payment and proof of remittance history.

What is the National Housing and Mortgage Fund and can I access it?

NHMF is a government-backed scheme channelled through partner banks (GCB, Republic, Stanbic among others) offering subsidised mortgages to public servants and lower-income earners on properties up to a price ceiling. Rates are several points below the prevailing market — around 10-12% in some tranches — but supply is rationed and you typically apply through your employer or directly to a participating bank.

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