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Financing small and medium-scale contractors in developing countries: a Ghana case study

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  • Alex Eyiah
  • Paul Cook

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.

Suggested Citation

  • Alex Eyiah & Paul Cook, 2003. "Financing small and medium-scale contractors in developing countries: a Ghana case study," Construction Management and Economics, Taylor & Francis Journals, vol. 21(4), pages 357-367.
    • Handle: RePEc:taf:conmgt:v:21:y:2003:i:4:p:357-367
    DOI: 10.1080/0144619032000111241
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    References listed on IDEAS

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    1. repec:idb:brikps:publication-detail,7101.html?id=20848 is not listed on IDEAS
    2. Olugboyega Adams, 1997. "Contractor development in Nigeria: perceptions of contractors and professionals," Construction Management and Economics, Taylor & Francis Journals, vol. 15(1), pages 95-108.
    3. Alex Eyiah, 2001. "An integrated approach to financing small contractors in developing countries: A conceptual model," Construction Management and Economics, Taylor & Francis Journals, vol. 19(5), pages 511-518.
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    Citations

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    Cited by:

    1. Masakure, Oliver & Cranfield, John & Henson, Spencer, 2008. "The Financial Performance of Non-farm Microenterprises in Ghana," World Development, Elsevier, vol. 36(12), pages 2733-2762, December.
    2. Eyiah, Alex, 2004. "Regulation and Small Contractor Development: A Case of Ghana," Centre on Regulation and Competition (CRC) Working papers 30668, University of Manchester, Institute for Development Policy and Management (IDPM).

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