Ghana: Fidelity Bank and Mayfair Estates collaborate to boost homeownership

Fidelity Bank, Ghana’s premier private bank, has forged a strategic alliance with Mayfair Estates Ghana Limited to enhance access to homeownership.

This partnership is designed to tackle the pressing issues of housing affordability and shortages in Ghana.

The collaboration was formalized through a Memorandum of Understanding, signed during the Mayfair Estates Property Roadshow at Mayfair Gardens.

With representatives from both entities present, the agreement represents a significant advancement in expanding mortgage financing options for prospective Ghanaian homeowners.

By leveraging Fidelity Bank’s financial expertise alongside Mayfair Estates’ real estate development skills, this partnership will provide holistic solutions and streamline the homebuying journey.

Nana Esi Idun-Arkhurst, Divisional Director, Retail and Business Banking at Fidelity Bank, representing the bank’s Managing Director, Julian Opuni, stated the bank’s commitment to making homeownership a reality for more Ghanaians.

“We understand that the cost of financing a home can be prohibitive for many, and we are committed to providing solutions,” said Nana Esi.

“This partnership with Mayfair Estates is a crucial step in expanding our mortgage financing offerings and helping more people achieve their dream of owning a home.”

Noble John Watson Otumfour, Chief Executive Officer of Mayfair Estates Ghana Limited, expressed enthusiasm about the partnership.

“We are delighted to collaborate with Fidelity Bank to provide robust financial support for homeownership,” he said.

“Together, we will create tailored mortgage products to meet the diverse needs of Ghanaian homebuyers across different income levels. This partnership is a catalyst for positive change in the housing sector.” This partnership between Fidelity Bank and Mayfair Estates Ghana Limited marks a significant milestone in the Ghanaian housing market and is poised to make a substantial impact on the real estate sector, offering more Ghanaians the opportunity to achieve homeownership through accessible mortgage financing.