Fidelity Bank, Ghana’s leading indigenous private bank, has entered into a strategic partnership with Mayfair Estates Ghana Limited to make homeownership more accessible. The collaboration aims to address the critical challenges of affordability and the housing shortage in Ghana.
A Memorandum of Understanding was signed at the Mayfair Estates Property Roadshow at Mayfair Gardens, formalizing the partnership. Attended by representatives from both organizations, the agreement marks a significant step forward in expanding mortgage financing options for Ghanaian homebuyers.
By combining Fidelity Bank’s financial expertise with Mayfair Estates’ real estate development acumen, the partnership will deliver comprehensive solutions and streamline the homebuying process.
Nana Esi Idun-Arkhurst, Divisional Director, Retail and Business Banking at Fidelity Bank, representing the bank’s Managing Director, Julian Opuni, emphasized 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.”
Mr. 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.
