A study of housing demand finance in Ghana: public sector workers perspective
The housing demand market in Ghana has a deficit of over two million units (2,000,000) due to many factors including affordability, accessibility and sustainability of suitable finance schemes.
The study surveyed public sector workers in Ghana from all the five major sectors of the economy. Information were also gathered from industry sources to complement the primary sources. Statistical tools such as regression analysis, descriptive statistics and cross tabulation were used to find the relationships that exists between the independent and dependent variables. Logic model was used to show a visual illustration of the proposed housing demand loan scheme’s planned research and the intended results.
The results of the study revealed that a positively relationship exist between the income and marital status of public sector workers and their choice of housing demand finance. The study further revealed that gender does not have any effect on the choice of public sector workers housing demand finance choice.
Public sector workers were neutral about the services offered by the PSHLSB even though the scheme was designed for them. Several reasons may have accounted for this including accessibility and affordability of the scheme.
The study concluded that no housing demand finance in Ghana is affordable, accessible and sustainable for public sector workers including the PSHLSB which has failed to achieve its intended purpose.
The results of the study have important practical implications for public sector workers and managers of the Ghanaian housing industry. The development of sustainable, affordable and accessible housing demand loan schemes for public sector workers will help improve their conditions of service and standard of living. And also build decent communities and create jobs.
The study contributed empirical evidence for the relationship between sustainability, affordable and accessible, and housing demand finance scheme for public sector workers in Ghana using the international evidence from three pension backed housing demand finance.
History
Institution
Anglia Ruskin UniversityFile version
- Published version
Thesis name
- Professional Doctorate
Thesis type
- Doctoral
Affiliated with
- Faculty of Business & Law Outputs