Browsing by Author "Agyemang, Prosper Osei"

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    Exploring mortgage financing in the housing sector of Ghana.
    (KNUST, 2016-08) Agyemang, Prosper Osei
    The study explored the mortgage financing in the housing sector of Ghana. With the current effort at social and economic development by Third World countries, a study like this is significant, as it is capable of contributing to the present knowledge in the area of mortgage financing. The populations for this study were made up of workers from formal sectors who qualified to access mortgage loan and mortgage providers. Primary data source was employed. It was found that mortgage financing largely depends on social and financial factors. These two factors have positive correlation with the mortgage performance with the formal explained most of the variations in mortgage performance. Some of the mortgage options identified were residential property for personal use or rental and mortgage for buy, build and own a home. The study also identified high interest rate, high inflation rate and low income levels of workers as some of the challenges facing the industry.