ABSTRACT
The purpose of this research study is to investigate the relationship between financial inclusion,
to be specific access to finance and its impact on the performance of firms in the Construction
sector of Ghana. As it is well known in the literature that financial inclusion generally has a
positive influence on performance, will the results differ if the scope is narrowed down from
country level to firms with similar characteristics?
Firstly, the paper seeks to identify the level of financial inclusion among firms in the
Construction sector of Ghana. Secondly, through the use of OLS regression methods, the
relationship between financial inclusion variables and performance is analysed. Taking crosssectional
data from 42 Construction firms in the Greater Accra Region registered with the
Association of Builders and Contractors Ghana.
The analysis showed that not all financial inclusion variables were significant to the
performance of firms in the construction sector. However, agreeing with existing literature that
there is a positive causality relationship between access to finance and financial performance.
Heavy influences on financial performance came from long term financial services. And a
discovery that regulations could greatly influence financial performance as well.
These results speak loads into future policy formulation especially for a country that suffers
from a great infrastructural deficit. The performance of construction firms can be greatly
enhanced if these policies make firms in the sector more financially inclusive. The focus of
these policies must be on long term financial service provision which will be the funds most
beneficial to construction firms in Ghana.
BONFUL, P (2021). Access To Finance And Performance Of Firms In The Construction Sector Of Ghana. Afribary. Retrieved from https://afribary.com/works/access-to-finance-and-performance-of-firms-in-the-construction-sector-of-ghana
BONFUL, PATRICK "Access To Finance And Performance Of Firms In The Construction Sector Of Ghana" Afribary. Afribary, 13 Apr. 2021, https://afribary.com/works/access-to-finance-and-performance-of-firms-in-the-construction-sector-of-ghana. Accessed 27 Nov. 2024.
BONFUL, PATRICK . "Access To Finance And Performance Of Firms In The Construction Sector Of Ghana". Afribary, Afribary, 13 Apr. 2021. Web. 27 Nov. 2024. < https://afribary.com/works/access-to-finance-and-performance-of-firms-in-the-construction-sector-of-ghana >.
BONFUL, PATRICK . "Access To Finance And Performance Of Firms In The Construction Sector Of Ghana" Afribary (2021). Accessed November 27, 2024. https://afribary.com/works/access-to-finance-and-performance-of-firms-in-the-construction-sector-of-ghana