Examining the relationship between lean adoption and housing finance in Ghana

Abstract

The paper investigates the relationship between lean adoption and housing finance in Ghana. Ghana currently has 1.7 million housing deficit and this is attributable to high population growth rate and urbanization. The deficit remains one of the most socio-economic challenges facing the country today. Given the huge unmet housing needs of Ghana, there is the need for an appropriate financing model to be developed to secure funding for housing construction. The objective of this study is to provide a description of the factors that affect house financing within the context of Ghana and provides lean strategies for reducing construction cost. The study is designed with a quantitative methodology which 120 respondents will be selected to answer questions relating to how lean principles could be used to reduce construction cost. The findings will serve as policies to the real estate industry and government. Recommendations will be offered to real estate companies, the banks and government to enable them develop a comprehensive financing model.