Ghana’s president lauds Ruto’s affordable housing programme, Hustler Fund

Mahama praises Kenya’s development model as african leaders call for stronger, inclusive financial institutions

by JOY IRUNGU

News25 September 2025 - 09:10

In Summary

Mahama expressed admiration for Ruto’s approach to social development and economic empowerment.
President Mahama stated, “As part of the deduction that they usually do, they add 1.5% and the government adds its shares in the development funds,” while

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*President Mahama at the 80th session of the UNGA, New York. PHOTO: HANDOUT*

President John Mahama has praised William Ruto’s visionary development policies, particularly the affordable housing program and the Hustler Fund, which aim to uplift low-income earners and strengthen economic inclusion in Kenya.

Speaking at the high-level event on African Union Financial Institutions during the 80th session of the United Nations General Assembly (UNGA) in New York, Mahama expressed admiration for Ruto’s approach to social development and economic empowerment.

President Mahama stated, “As part of the deduction that they usually do, they add 1.5% and the government adds its shares in the development funds,” while acknowledging Kenya’s efforts in building 200,000 housing units in a year.

He also commended the Hustler Fund initiative, highlighting its role in offering financial support to those who are often locked out of mainstream credit systems.

“The Hustler Fund is a source of credit for those who are financially unstable in their livelihood status,” Mahama noted.

President Ruto addressed the forum and emphasized the importance of building strong African-led financial systems.

“We must strengthen Africa’s financial institutions, not replace what already exists, but build organizations that truly understand our unique needs,” he said.

He added,

“We need institutions that recognize wealth, believe in potential, and are willing to take risks. We will invest more by buying additional shares in our own institutions.”

The leaders both underscored the necessity of developing African solutions for African challenges, with President Ruto reaffirming his administration’s commitment to mobilizing internal resources and promoting homegrown strategies for inclusive growth.

Their statements come at a time when African countries are increasingly pushing for self-sustaining economic models that reduce dependence on external aid and prioritize citizen-driven initiatives.

The recognition from President Mahama not only signals growing regional appreciation of Kenyans socioeconomic initiatives but also calls for collaboration among African states in adopting similar development models