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AuthorOwusu-Manu, De Graft
AuthorMankata, Lawrence
AuthorEdwards, David
AuthorEl-Gohary, Hatem
AuthorHussain, Javed
Available date2024-02-20T06:43:22Z
Publication Date2021-06-24
Publication NameIEEE Transactions on Engineering Management
Identifierhttp://dx.doi.org/10.1109/TEM.2021.3080630
CitationOwusu-Manu, D. G., Mankata, L., Edwards, D., El-Gohary, H., & Hussain, J. (2021). A cognizance of green bond features preferential to renewable energy project financing in Ghana. IEEE Transactions on Engineering Management.
ISSN0018-9391
URIhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85112472991&origin=inward
URIhttp://hdl.handle.net/10576/51988
AbstractIssuance of green bonds (GBs) is valuable for developing countries because it provides a market deepening mechanism, which enables greater liquidity for investments in renewable energy (RE) sector. This article is premised on the outlook for the first GB in Ghana. The study investigates the features of GBs, which investors prioritize as preferential for RE financing (REF). Employing the literature, twelve beneficial features of GBs were identified and formed the based for a questionnaire, which was handed to experts in financial institutions to complete. Data were analysed and ranked with the relative importance index and other statistical tests. The findings illustrated that low-interest rates, similar payback period, economic convenience and transparency issuance are among the top preferential features for feasible GB rollouts in Ghana. Findings implied that akin to other worldwide cases for REF, GBs represent a degree of flexibility, which stems from the homogeneity in their respective features. The study illustrates the specific priorities, which must be considered by potential investors. Resultantly, enabling GBs issuers to develop GB packages that suit the needs of the investment community and ultimately contribute to RE targets' achievement.
Languageen
PublisherIEEE
SubjectFinancing
Ghana
green bonds (GBs)
green bonds (GBs) features
renewable energy (RE)
TitleA Cognizance of Green Bond Features Preferential to Renewable Energy Project Financing in Ghana
TypeArticle
Issue Number3
Volume Number70
ESSN1558-0040
dc.accessType Full Text


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