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Leveraging rising urban land values to finance urban infrastructure development in Ghana: A case study of Accra

Baffour Awuah, K. G. (2016) Leveraging rising urban land values to finance urban infrastructure development in Ghana: A case study of Accra. Other. University of the West of England. Available from: http://eprints.uwe.ac.uk/30562

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Publisher's URL: http://lgs.gov.gh/leveraging-rising-urban-land-val...

Abstract/Description

Inadequate urban infrastructure development and its impact on socio-economic development in Ghana continue to engage the attention of a wide range of stakeholders, such as public policy makers, development experts and international development agencies. Indeed, the urban infrastructure deficit in the country is growing and it is anticipated to worsen in the face of rapid urban growth and urbanisation if appropriate steps are not taken to redress the situation. Similar to many African countries, Ghana’s urban infrastructure deficit is predominantly attributed to lack of adequate infrastructure development financing. Traditional financing sources, such as central government budgets and official development finance from multilateral institutions are constantly under pressure and are not always regular. They have, thus, proven incapable to finance the development of all the urban infrastructure needs of the country. Leveraging rising urban land and property values using land based financing arrangements, in particular, land value capture is perceived as a plausible source of funding that could be used to finance urban infrastructure development in Ghana. However, the potential of this financing source has not been examined and, thus, remains speculative.

Item Type:Report or Working Paper (Other)
Uncontrolled Keywords:leveraging, rising, urban, land, values, finance, infrastructure, development, Ghana, case, study, Accra
Faculty/Department:Faculty of Environment and Technology > Department of Architecture and the Built Environment
ID Code:30562
Deposited By: L. Hacker
Deposited On:13 Dec 2016 14:10
Last Modified:14 Dec 2016 07:52

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