Republic Bank Ghana Advises Homebuyers to Keep Debt Ratios Below 50%

Republic Bank Ghana has issued guidance to prospective homeowners, recommending that total mortgage repayments and existing debts remain within half of their monthly income to ensure financial stability.

4 Sept, 10:29 — 4 Sept, 10:29

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myjoyonlineMixed2h ago

Mortgage repayments and existing debts should not exceed 50% of income – Republic Bank

Republic Bank Ghana has advised prospective homeowners to ensure that their mortgage repayments and existing financial obligations do not exceed 50 percent of their income.

By Deborah Okailey Quarcoo

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Republic Bank Ghana Advises Homebuyers to Keep Debt Ratios Below 50%

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Mortgage repayments and existing debts should not exceed 50% of income – Republic Bank

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