Optimizing Public-Private Partnerships (PPP) in Affordable Housing Through Fiscal Accountability Frameworks, Ghana in Focus

• Author(s): Mark Tettey Ayumu ; Tochi Chimaobi Ohakawa
• Paper ID: 1702738
• Page: 332-341
• Published Date: 31-12-2021
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 5 Issue 6 December-2021

Abstract

This paper critically explores the optimization of Public-Private Partnerships (PPPs) in affordable housing delivery in Ghana through the lens of fiscal accountability frameworks. Despite the growing adoption of PPPs as strategic tools to mitigate Ghana’s housing deficit, persistent challenges relating to transparency, institutional oversight, and financial reporting have hindered their effectiveness. Drawing on theoretical foundations such as New Institutional Economics, Public Value Theory, and Principal-Agent Theory, the study conceptualizes fiscal accountability as a multi-dimensional construct encompassing transparency, auditing, and performance-based financial governance. The paper assesses Ghana’s current institutional and legal landscape—including the roles of the Ministry of Finance, Ministry of Works and Housing, and the Ghana Infrastructure Investment Fund—highlighting critical gaps in procurement monitoring, corruption control, and monitoring and evaluation (M&E) mechanisms. Through an integrated framework, the study proposes robust optimization strategies to strengthen legal and regulatory regimes, leverage digital tools such as open contracting and real-time dashboards, and embed fiscal performance metrics throughout the PPP lifecycle. These recommendations are structured into short-, medium-, and long-term actions, strongly emphasizing participatory governance and institutional reforms. Furthermore, the paper situates Ghana’s experience within the broader Sub-Saharan African context, underscoring its potential as a replicable model for countries facing similar governance and housing challenges. The conclusion calls for future empirical research to assess fiscal risks, public trust, and long-term PPP outcomes, ultimately contributing to sustainable urban development and improved service delivery across the region.

Keywords

Public-Private Partnerships, Fiscal Accountability, Affordable Housing, Governance Reforms, Transparency, Sub-Saharan Africa

Citations

IRE Journals:
Mark Tettey Ayumu , Tochi Chimaobi Ohakawa "Optimizing Public-Private Partnerships (PPP) in Affordable Housing Through Fiscal Accountability Frameworks, Ghana in Focus" Iconic Research And Engineering Journals Volume 5 Issue 6 2021 Page 332-341

IEEE:
Mark Tettey Ayumu , Tochi Chimaobi Ohakawa "Optimizing Public-Private Partnerships (PPP) in Affordable Housing Through Fiscal Accountability Frameworks, Ghana in Focus" Iconic Research And Engineering Journals, 5(6)