Factors influencing venture capital financing of real estate development in Ghana

Kissi Ernest, Anita Asamoah-Duodu and Matthew Kwaw Somiah

African Journal of Economic and Sustainable Development, 2016, vol. 5, issue 4, 355-364

Abstract: The aim of the paper was to identify factors that influence venture capital financing in real estate development in Ghana. In achieving this, a quantitative research technique was untilised. Hence, based on a thorough literature review a questionnaire was designed and administered to members of Ghana Real Estate Developers Association (GREDA). Relative Importance Index (RII) was use determined the level of significant of identified factors. The results of the survey indicated that impact of high interest, collateral security, lack of promoting private sector financial innovations, poor documentation or lack of record keeping, access to land and ineffective legal environment were the main significant factors that influence venture capital financing in real estate development in Ghana among others. The findings suggested critical examination of the financing approach and raises useful factors to guide local firms that enters into venture capital financing.

Keywords: venture capital financing; real estate development; challenges; Ghana; interest rates; collateral security; financial innovation; documentation; record keeping; land access; legal effectiveness; law. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ajesde:v:5:y:2016:i:4:p:355-364

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