Fidelity Bank, Ghana’s leading indigenous private bank, has announced a strategic partnership with Mayfair Estates Ghana Limited to improve homeownership accessibility. The collaboration, formalized through a Memorandum of Understanding at the Mayfair Estates Property Roadshow at Mayfair Gardens, addresses critical issues of affordability and housing shortages in Ghana.
The agreement combines Fidelity Bank’s financial expertise with Mayfair Estates’ real estate development skills to provide comprehensive solutions and streamline the homebuying process. Nana Esi Idun-Arkhurst, Divisional Director of Retail and Business Banking at Fidelity Bank, highlighted the bank’s commitment to making homeownership attainable for more Ghanaians, stating, “We are committed to providing solutions to the prohibitive costs of home financing.”
Noble John Watson Otumfour, CEO of Mayfair Estates Ghana Limited, expressed excitement about the partnership, emphasizing its potential to offer tailored mortgage products for various income levels. He noted, “This partnership will be a catalyst for positive change in the housing sector.”
The collaboration is expected to significantly impact the Ghanaian real estate market, providing expanded mortgage financing options and advancing homeownership opportunities for many Ghanaians.
