Motgage Finance in Ghana
Division of Building and Real Estate Economics School of Architecture and the Built Environment Royal Institute of Technology, Stockholm
Master of Science Thesis No 334
Residential Development and Borrowing in Ghana: A Challenge for Banks and Private estate developers
Author: Elvis Attakora-Amaniampong Stockholm 2006
Supervisors: Han-Suck Song Hans Lind
1
Master of Science thesis
Title: Authors Department Residential Development and Borrowing in Ghana: A Challenge for Banks and Private estate developers Elvis Attakora-Amaniampong Department of Real Estate and Construction Management Division of Building and Real Estate Economics 334 Han-Suck Song and Professor Hans Lind Accra-Ghana, Residential development, Acquisition, Development and Construction Loans.
Master Thesis number Supervisors Keywords
DEDICATION
This work is dedicated to God, Almighty, Amen.
2
ACKNOWLEGEMENT
Again, to God, be the glory! I wish to express my unreserved gratitude to Professor Hans Lind and Han-Suck Song, my supervisors, for their recommendations, advice, and reading materials for this work to be accomplished. Special debt of gratitude is owned to the following institutions for providing relevant information needed for this study; Home Finance Company Bank (Ghana) Limited (HFC), Barclays Bank of Ghana Limited, Ghana Commercial Bank Limited, Akuaba Estate Limited, Manet Housing Limited, Kenco Limited and Regimanuel Gray Limited. Also, l am very grateful to Samuel Azasu of Building and Real Estate Economic department for the useful reading materials he provided for this work. Finally, I am grateful to all my family members and friends who in their diverse ways have been helpful to this study. All errors and shortcomings are naturally my responsibility.
3
ABSTRACT
Accra, which typifies the characteristics of any other Sub-Saharan African city, faces formidable housing problems. At the centre of theses problems is the issue of finance, which has been
Master of Science Thesis No 334
Residential Development and Borrowing in Ghana: A Challenge for Banks and Private estate developers
Author: Elvis Attakora-Amaniampong Stockholm 2006
Supervisors: Han-Suck Song Hans Lind
1
Master of Science thesis
Title: Authors Department Residential Development and Borrowing in Ghana: A Challenge for Banks and Private estate developers Elvis Attakora-Amaniampong Department of Real Estate and Construction Management Division of Building and Real Estate Economics 334 Han-Suck Song and Professor Hans Lind Accra-Ghana, Residential development, Acquisition, Development and Construction Loans.
Master Thesis number Supervisors Keywords
DEDICATION
This work is dedicated to God, Almighty, Amen.
2
ACKNOWLEGEMENT
Again, to God, be the glory! I wish to express my unreserved gratitude to Professor Hans Lind and Han-Suck Song, my supervisors, for their recommendations, advice, and reading materials for this work to be accomplished. Special debt of gratitude is owned to the following institutions for providing relevant information needed for this study; Home Finance Company Bank (Ghana) Limited (HFC), Barclays Bank of Ghana Limited, Ghana Commercial Bank Limited, Akuaba Estate Limited, Manet Housing Limited, Kenco Limited and Regimanuel Gray Limited. Also, l am very grateful to Samuel Azasu of Building and Real Estate Economic department for the useful reading materials he provided for this work. Finally, I am grateful to all my family members and friends who in their diverse ways have been helpful to this study. All errors and shortcomings are naturally my responsibility.
3
ABSTRACT
Accra, which typifies the characteristics of any other Sub-Saharan African city, faces formidable housing problems. At the centre of theses problems is the issue of finance, which has been