The Ghanaian Government has announced plans to allocate billions of cedis towards large-scale infrastructure projects under what it calls the \u2018Big Push\u2019 initiative, aimed at bridging the country\u2019s critical infrastructure deficit and stimulating long-term growth.<\/p>\n
Speaking at the KPMG Infrastructure Roadshow in Accra, the Deputy Minister for Finance, Thomas Ampem Nyarko, revealed that the government plans to invest GH\u00a213.9 billion in 2025 on priority infrastructure projects. This figure is expected to increase to GH\u00a221.2 billion by 2028.<\/p>\n
The funding will be drawn primarily from petroleum revenues under the Annual Budget Funding Amount (ABFA) and mineral royalties, which are being restructured to focus on key areas such as, Roads and transport, Energy and power generation, Digital infrastructure, Urban and rural development.<\/p>\n
\u201cThis is not a small nudge or a patch-up job. It\u2019s an economic reset, powered by a US$10 billion Big Push for infrastructure development,\u201d Mr.\u00a0Ampem\u00a0emphasized.<\/p>\n
Urgent Infrastructure Needs<\/strong><\/p>\n Ghana\u2019s infrastructure demands remain substantial. Estimates suggest the country needs US$37 billion annually for the next 30 years to meet development goals across sectors. Maintaining existing infrastructure alone is expected to cost an additional US$8 billion annually.<\/p>\n The Deputy Minister cited Ghana\u2019s low score of 47 out of 100 on the Global Infrastructure Hub index, below the average for lower-middle-income countries, as a sign of chronic underinvestment.<\/p>\n \u201cOur cities need better transport. Our industries require dependable energy. Our farmers need modern irrigation. And our youth demand digital highways for the future,\u201d he said.<\/p>\n Emphasis on Public-Private Partnerships (PPPs)<\/strong><\/p>\n While public investment is being scaled up, Mr.\u00a0Ampem stressed that Public-Private Partnerships (PPPs) will be essential to closing the infrastructure gap.<\/p>\n \u201cThe public purse alone cannot meet these needs. The fiscal space is limited, and the demands are vast. PPPs are not just helpful \u2014 they are indispensable.\u201d<\/p>\n He noted that the Ghana Infrastructure Investment Fund (GIIF) will be key in setting up Special Purpose Vehicles (SPVs) to attract private capital, blended finance, and international development funding.<\/p>\n Call to Investors<\/strong><\/p>\n The Deputy Minister urged both local and international investors to explore opportunities in sectors such as transport, energy, digital infrastructure, and urban development, describing them as \u201cvast and transformative.\u201d<\/p>\n \u201cThe framework is in place. The vision is clear. The government\u2019s commitment under President Mahama\u2019s leadership is unwavering. Your innovation, capital, and expertise are not only welcome, they are crucial,\u201d he told investors.<\/p>\n He concluded by calling for strong collaboration between government and the private sector, emphasizing that sustainable infrastructure transformation will require a united effort.<\/p>\n According to the report distributed by the APO Group on behalf of Ministry of Finance \u2013 Republic of Ghana, the KPMG Infrastructure Roadshow, held under the theme \u201cUnlocking Ghana\u2019s Public Private Partnership Potential: Bridging Reform and Results,\u201d brought together policymakers, investors, engineers, and business leaders to explore strategies for accelerating infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":" The Ghanaian Government has announced plans to allocate billions of cedis towards large-scale infrastructure projects under what it calls the \u2018Big Push\u2019 initiative, aimed at bridging the country\u2019s critical infrastructure deficit and stimulating long-term growth. Speaking at the KPMG Infrastructure Roadshow in Accra, the Deputy Minister for Finance, Thomas Ampem Nyarko, revealed that the government […]<\/p>\n","protected":false},"author":1,"featured_media":9094,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":1,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"APA News","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[32,2362,27],"tags":[158],"class_list":["post-17803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured","category-west-africa","tag-ghana"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/17803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=17803"}],"version-history":[{"count":0,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/17803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/9094"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=17803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=17803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=17803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}