Isaac Akomea-Frimpong

Higher Degree Research


Isaac Akomea-Frimpong is a PhD student at Western Sydney University. His research interest covers relevant topics in areas of Financial Risk Management, Public-Private Partnerships, Sustainability, Artificial Intelligence, Circular Economy, Climate Change and 2050 Net-Zero Emission Targets. Isaac's current PhD thesis is on 'Financial Risk Management of Sustainable Public-Private Partnership Projects' with the aid of Fuzzy, Artificial Neural Networks, AHP, SEM and risk maturity models!


Developing a holistic financial risk management for sustainable public-private partnership projects in Ghana

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Over the past decades, execution of public infrastructural projects has seen a dramatic involvement of the private sector resulting in a model termed as Public-Private Partnerships (PPPs). The PPP model is a prominent vehicle in delivering megaprojects and essential public services. However, governments around the world especially in developing economies like Ghana increasing face enormous financial risks to the achievement of this coveted aim. Financial risk management models to control these financials are almost non-existent. The critical financial control factors on financial risks of PPP projects have not been developed. In addition, the impact of the financial risks on the financial performance of PPP projects has not been examined. This is largely due to unavailability of well-established financial performance criteria and measurement models on PPP projects. This study aims is to address these gaps and examine the interactive relationships between the key constructs using Ghana as a reference point. A mixed method approach is used with an estimated sample size of 300 selected by snowball sampling technique. Sources of data include academic data bases of Scopus and Web of Science, and and surveys. The data collected is analysed with content analysis, mean score ranking, factor analysis and structural equation modelling. It is expected that the findings of this research will broaden the limited theorizing of concepts of financial risk management, critical success factors and financial performance of PPP Projects. In addition, the study provides a comprehensive multi-dimensional framework on for PPP practitioners and project managers to manage financial risks of PPP projects.