Housing Finance, Mortgage Loan, Economic Growth, Capital


The aim of this study is to investigate the effect of housing finance on economic growth of West African States while the specific objectives were to: analyse the contributions to housing finance by mortgage banks on the economic growth of Nigeria, examine the impact of aggregate housing finance on economic growth of Ghana among others. Secondary data were used, covering the period of study 1985-2014. The ex-post facto research design was adopted in this study. The data gathered were analysed using Ordinary Least Square Regression Method. The findings revealed that the housing finance markets in Nigeria and Ghana are under developed.  The policy implication is that if urgent steps is not taken to address the housing needs of the region, more people are going to live in slumps. We recommend that the government of WA States should create an enabling environment to attract both local and foreign investors to invest in the housing sector. 

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