Analysis of success-dependent factors for green bond financing of infrastructure projects in Ghana
Version 2 2024-06-13, 11:51Version 2 2024-06-13, 11:51
Version 1 2020-09-03, 13:47Version 1 2020-09-03, 13:47
journal contribution
posted on 2024-06-13, 11:51 authored by LM Mankata, DG Owusu-Manu, MR Hosseini, DJ Edwards© 2020 Informa UK Limited, trading as Taylor & Francis Group. Globally, green bonds have experienced a fair share of handicaps within the countries of issuance. In lieu of Ghana announcing the possibility of its first green bonds, it is crucial that lessons are taken from the past developments to reinforce the prospects of a salutary rollout. This paper explores factors recommended as success dependent in the Ghanaian markets. A quantitative approach is employed. Twelve factors are extracted from a review of the available literature and converted into a questionnaire targeted at professionals in financial institutions. This included managers and financial analysts, as well as top management personnel. In total, 54 questionnaires were distributed. A total of 32 responses were received, proportional to a response rate of 60.37% and was analyzed with relative importance index and one-sample t-test. The results indicate that ‘Good Credit Ratings, Provision of Local Guidelines, Proper Green Qualifications Criteria, and Prioritizing Viable Projects’ are highest ranked factors. It is important that these are incorporated in the framework to be designed for the rollout of green bonds in the Ghana. Considerations should also be made with respect to the culture and state of the financial markets in the country while bringing out the appropriate structure to facilitate the issuances.
History
Journal
Journal of Sustainable Finance and InvestmentVolume
12Pagination
832-848Location
Abingdon, Eng.Publisher DOI
ISSN
2043-0795eISSN
2043-0809Language
EnglishPublication classification
C1 Refereed article in a scholarly journalIssue
3Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTDUsage metrics
Keywords
Social SciencesScience & TechnologyBusiness, FinanceGreen & Sustainable Science & TechnologyBusiness & EconomicsScience & Technology - Other TopicsGreen bondschallengessuccess factorsinfrastructure projectsGhanaRENEWABLE ENERGY3502 Banking, finance and investment3507 Strategy, management and organisational behaviour
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