Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/848
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dc.contributor.authorDecardi-Nelson, I.-
dc.contributor.authorAsamoah, O. R.-
dc.contributor.authorSolomon-Ayeh, B.-
dc.contributor.authorNduro, K. A.-
dc.date.accessioned2016-11-01T16:35:01Z-
dc.date.available2016-11-01T16:35:01Z-
dc.date.issued2012-
dc.identifier.issn0855-6768-
dc.identifier.urihttp://hdl.handle.net/123456789/848-
dc.description.abstractThe increasing cost of building materials coupled with other challenges hinder the ability and desire of people to own houses. Over the years, accessibility to mortgage financing has become more skewed towards the formal sector to the neglect of the informal sector based on perceived and real challenges with informal sector financing. These notwithstanding, the need for innovative mortgages for the informal sector cannot be overemphasised as more than 60% of employees within that sector cannot afford to own a decent accommodation. The Case Study Approach was employed to gather data from about 30% of construction artisans in Ashanti Region. The study revealed that 6 out of the 8 basic eligibility criteria were exclusion factors to the informal sector. These were the proof of address, proof of employment and income, ability to service the loans, the loan duration and the deposit. The paper recommends that there should be a financing mechanism that is flexible in terms of repayment. There should also be short term repetitive loans with some increment prior to first payment completion and flexible collateral that the borrower can afford. Finally, mortgage loans can be in the form of building materialsen_US
dc.language.isoenen_US
dc.publisherUniversity for Development Studiesen_US
dc.relation.ispartofseriesVol. 9;Issue 2-
dc.subjectInformal sectoren_US
dc.subjectMortgage financingen_US
dc.subjectAccessibilityen_US
dc.subjectEligibility criteriaen_US
dc.titleTHE INFORMAL SECTOR AND MORTGAGE FINANCING IN GHANAen_US
dc.typeArticleen_US
Appears in Collections:Ghana Journal of Development Studies (GJDS)

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