Project 9: Developing a practical framework for optimal financial performance of PPP Projects

PhD Candidate
Isaac Akomea-Frimpong
Chair SupervisorCo-Supervisor
Assoc. Prof. Xiaohua JinDr Robert Osei-Kyei

Infrastructure deficit is a contending problem facing Ghana largely due to financial constraints. This is evidenced by congested roads, poorly-maintained recreational facilities, deteriorated schools, hospitals, and water and water treatment systems, and other infrastructure assets which are either non-existent or in deplorable conditions in Ghana. In order to address this problem, the government sought the assistance of private investors in the early 2000s to execute Public-Private Partnership (PPP) projects to fill this infrastructural gap. However, the problem still abounds with a drop in capital flows from local and international investors due to financial risks. A thorough review of existing studies confirms that globally a minimal effort has been committed to systematically identify and manage financial risks related to PPP projects with almost no study on Ghana. So, wat is the impact of these financial risks on the financial success of the PPP projects in Ghana? This question has not been addressed in literature because a comprehensive financial performance model for PPP projects in Ghana is lacking. Also, financial performance criteria (success criteria) to the financial performance of PPP projects cannot be found. Almost no attempt has been made to develop a comprehensive model of financial performance criteria (success criteria) to evaluate the financial success of PPP projects together with critical success factors. In this study, a comprehensive financial performance model of PPP projects in Ghana is developed examining the relationships between critical success factors, financial risks and the financial success of PPP projects in Ghana. Practical PPP projects in Ghana are used to validate this model.

Industry Partners

  • Western Sydney University Postgraduate Scholarship


  • Akomea-Frimpong, I., & Andoh, C. (2020). Understanding and controlling financial fraud in the drug industry. Journal of Financial Crime, 27 (1), 563-589.
  • Akomea-Frimpong, I., & Olaniyan, T. O. (2019). Assessing the effects of privatization on state enterprises in Ghana. Research Journal of Finance and Accounting8(10), 138-148.
  • Akomea-Frimpong, I., Andoh, C., Akomea-Frimpong, A., & Dwomoh-Okudzeto, Y. (2019). Control of fraud on mobile money services in Ghana: An exploratory study, Journal of Money Laundering Control, 22(2), 300-317.
  • Andoh, C., Quaye, D., & Akomea-Frimpong, I. (2018). Impact of fraud on Ghanaian SMEs and coping mechanisms. Journal of Financial Crime25(2), 400-418.
  • Akomea-Frimpong, I., Andoh, C., & Ofosu-Hene, E. D. (2016). Causes, effects and deterrence of insurance fraud: evidence from Ghana. Journal of Financial Crime23(4), 678-699.