Project Finance Strategy and SPV Structuring Support in Ghana’s Infrastructure Sector

Frontier Dominion partnered with Primesec Ghana Limited during a period of sovereign debt instability to support the development of a Special Purpose Vehicle (SPV) for a portfolio of road infrastructure investments in Ghana. We delivered detailed financial models—including income statements, balance sheets, and cash flow forecasts—for ten planned infrastructure projects, all based on 48-month projection horizons. These timelines were calibrated to reflect Ghana’s political cycle and account for potential risks associated with changes in presidential administrations—particularly relevant for projects involving public-sector coordination.

We also performed sensitivity analyses on key financial variables such as the cost of equity, interest rates, and WACC to evaluate impacts on net present value (NPV) and profitability index (PI), supporting informed investment decision-making. In collaboration with the client’s legal team, we conducted due diligence on project sponsors and reviewed memorandums of understanding (MOUs) and contractual frameworks. Frontier Dominion participated in public and private stakeholder events—representing the organization during MOU signings—to reinforce brand credibility and position the firm as a serious actor in West Africa’s infrastructure finance space.