Eyiah, A K and Cook, P (2003) Financing small and medium-scale contractors in developing countries: A Ghana case study. Construction Management and Economics, 21(4), pp. 357-367. ISSN 01446193
Abstract
Little success has been achieved in financing assistant programmes for contractors in developing countries. This paper focuses on the experience of the Bank for Housing and Construction (BHC) of Ghana. Factors accountable for underachievement of its programme include: contractor's lack of managerial and technical capability; inability to obtain contracts; persistent delayed payments by major clients; and the deliberate refusal to repay loans. Suggestions offered for improving the effectiveness of programmes, on the academic and practical front, relate well with developments in small and medium-size enterprise (SME) finance. A survey in Ghana found that there was a strong desire to establish a contractors' bank. There would be the need for the contractors association to reform before it could play a meaningful role in the proposed bank. The importance of effective governance in achieving success cannot be overemphasized, likewise the role of government and donors in encouraging the setting up of a conducive regulatory framework.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | contractors; developing countries; finance; Ghana; sme |
| Index terms: | developing country, financing, case study, programme, governance, Ghana, donor, effectiveness, survey, housing |
| Subjects: | business, economic analysis, Geography, project controls, construction type, development economics, sociology, data collection methods, performance management |
| Topics: | Time Control, Governance, Geographical Context, International Construction, Research Practice, Quality Management, Construction Technology, Stakeholder Management, Business Strategy |
| Descriptive scope: | 3 PCE |
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