Key drivers for green building project financing in Ghana

Purpose The majority of the literature on green buildings in Ghana focuses environmental benefits, innovative designs, construction technologies and project management techniques. However, little is known about how such facilities are financed. This issue creates potential knowledge gaps, one which this study aims to address. examines key drivers for building financing Ghana. Design/methodology/approach uses an explanatory sequential design with initial quantitative instrument phase, followed by a qualitative data collection phase. An extensive critical comparative review resulted identification eight drivers. One hundred twenty-seven questionnaire responses based upon these from Ghanaian industry were received. Data coded SPSS v22, analysed descriptively (mean, standard deviation error) via inferential analysis (One Way ANOVA One-Sample t -Test). These then validated through semi-structured interviews ten professionals within Green Building Council. obtained validation side-by-side comparison data. Findings Though all important, five Ghanian identified as, order importance, “high return investment”, “emerging business opportunity”, “ethical “conservation resources” “mandatory regulations, standards, policies”. interviewees agreed confirmed importance validating survey's findings. Research limitations/implications Key limitations restrictions regarding geographical location collected (i.e. Kumasi Accra); timing sample size COVID-19 pandemic making it difficult obtain adequate data). Practical implications was conducted Ghana, its could be useful researchers, policymakers, stakeholders practitioners wider sub-Saharan Africa. For instance, financial institutions can invest expand their mortgage finance products build higher value lower risk portfolios. findings provide investors enhanced certainty needed help guide inform investment decisions, i.e. what in, when, much scheme being “green” may influence rate return. Also, developers, will give them clearer understanding case differentiate themselves market grow businesses. Originality/value study's insights into under-investigated topic offer new additional information current state-of-the-art factors that drive financing.