文章基本信息

标题：Exploring the Challenges and Barriers in Accessing Financial Facilities by Small and Medium Construction Firms in Ghana
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作者：Francis Kwesi Bondinuba
期刊名称：Civil and Environmental Research
印刷版ISSN：2225-0514
电子版ISSN：2225-0514
出版年度：2012
卷号：2
期号：6
页码：25-35
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：This study sought to explore the challenges and barriers facing Small and Medium Construction Firms (SMCFs) in Ghana in their quest to access finance from financial institutions for their business purposes. This study was a cross-sectional survey that used semi-structured questionnaire to collect data from the sample. 50 questionnaires were distributed to construction firms in Kumasi and Accra Metropolis through a convenience sampling technique. The findings are that the key challenges that make it difficult for SMCFs to access finance include policy regulation, inadequate financial infrastructure, stringent collateral security requirement, and lack of institutional capacity of SMCF sector. The key barriers identified include informational barriers, lack of managerial skills with SMCFs. Limitations of the study have been noted and recommendations for developing innovative approaches to making finance accessible to SMCFs in Ghana have been discussed. The study contributes to the body of knowledge in the area of financing construction firms in developing countries in general, and in Ghana in particular.
关键词：Access; Challenges; Finance; Construction firms; Ghana.