Title: Innovative financing (IF) of infrastructure projects in Ghana: conceptual and empirical observations
Abstract: Traditional methods of financing have failed to resolve Ghana's infrastructure deficit. Innovative financing (IF) solutions are being encouraged to alleviate this, but presently IF knowledge is limited. This study provides an overview and maps the evolution of IF solutions to conceptually model their characteristics and application to major infrastructure projects, especially in the context of LDCs. An inductive methodology draws extensively on extant literature and published data from Ghanaian ministries, departments and agencies who procure infrastructure works. The study highlights how the IF concept stems from a plethora of public finance issues including reform of government service delivery, new tax tools, public–private partnerships and alternative financing arrangements and further how IF has been focused at educational, road, water infrastructure, housing and district assemblies. Through illumination of the Ghanaian IF concept, the study will be of utility to policy makers and international devel...
Publication Year: 2011
Publication Date: 2011-09-30
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 18
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