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Volume 06 Issue 3

Housing finance market and economic growth of West Africa region: a study of Nigeria and Ghana.

Published: 09 Jan 2019 Issue:Volume 06 Issue 3 Nov 2018 Author details below

Ofor, T. N

Department of Accountancy, Faculty of Management Sciences Chukwuemeka Odumegu Ojukwu University Anambra State, Nigeria

Alagba O. S

Department of Accountancy, Faculty of Management Sciences Chukwuemeka Odumegu Ojukwu University Anambra State, Nigeria

Ifurueze, M.S

Department of Accountancy, Faculty of Management Sciences Chukwuemeka Odumegu Ojukwu University Anambra State, Nigeria

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Research summary

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. 

Article History

Published 09 Jan 2019

How to Cite

N, O. T., S, A. O., & M.s, I.. (2019). Housing finance market and economic growth of West Africa region: a study of Nigeria and Ghana.. International Journal of Business and Economic Development, Volume 06 Issue 3.

Citation Context

Archive cited by No internal citing article yet
Reference depth 21 sources listed
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Citation signal 1 recorded citation

APA

N, O. T., S, A. O., & M.s, I.. (2019). Housing finance market and economic growth of West Africa region: a study of Nigeria and Ghana.. International Journal of Business and Economic Development, Volume 06 Issue 3.

MLA

N, Ofor, T., et al.. "Housing finance market and economic growth of West Africa region: a study of Nigeria and Ghana.." International Journal of Business and Economic Development, Volume 06 Issue 3, 2019.

Chicago

Ofor, T. N, Alagba O. S, and Ifurueze, M.s. "Housing finance market and economic growth of West Africa region: a study of Nigeria and Ghana.." International Journal of Business and Economic Development Volume 06 Issue 3 (09 Jan 2019).

Harvard

N, O. T., S, A. O., & M.s, I. (2019) Housing finance market and economic growth of West Africa region: a study of Nigeria and Ghana.. International Journal of Business and Economic Development, Volume 06 Issue 3

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