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A Systems Thinking Approach to Construction Project Management Read chapter Read first chapter

2020 | OriginalPaper | Chapter

Barriers of Project Bond Initiatives in Infrastructure Financing in Ghana

Authors : De-Graft Owusu-Manu, Caleb Debrah, Prince Antwi-Afari, David John Edwards

Published in: The Construction Industry in the Fourth Industrial Revolution

Publisher: Springer International Publishing

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Abstract

This research was centred on examining the barriers of project bond initiatives in infrastructure financing in Ghana. The use of project bond; an alternative form of financing infrastructural projects throughout the world became intensified after the global financial crisis which led to stricter banking regulations. The introduction of project bonds in Ghana has not seen much growth due to some inherent challenges identified. The analysis depicted predominant challenges like lack of industrial expertise, currency issues, being the cedi-dollar exchange rate due to the constant depreciation of the Ghanaian Cedi and unavailability of project bond investors. The gaps in literature identified in this study set the course for future studies in this field in Ghana. The paper provides information for policy makers and investors on the major barriers affecting project bond initiatives in infrastructure in Ghana. The evidence suggests that these challenges have curtailed project bond initiatives in the country.

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Metadata
Title
Barriers of Project Bond Initiatives in Infrastructure Financing in Ghana
Authors
De-Graft Owusu-Manu
Caleb Debrah
Prince Antwi-Afari
David John Edwards
Copyright Year
2020
Book
The Construction Industry in the Fourth Industrial Revolution

Print ISBN: 978-3-030-26527-4

Electronic ISBN: 978-3-030-26528-1

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-26528-1_2