The Ghanaian project finance market continues to record a number of projects, mainly in the power, maritime and rail sectors. These projects have involved both private and public actors, and there is a growing reliance on public-private partnership mechanisms for delivering long-term infrastructure projects. Large projects are usually financed by external sources such as multilateral development banks, international development finance institutions, private equity funds, international commercial banks and export credit agencies. Recently, some local banks have demonstrated their capability to participate in financings for large-scale projects. Due to the non-availability of government guarantees, the use of alternative credit enhancement facilities, such as partial risk guarantees, is also common.
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