Ghana Seeks $15bn Over 10 Years To Close Infrastructure Gap

According to Vice President, Kwesi Amissah-Arthur, Ghana requires 15 billion dollars over the next decade to fill the gap in its infrastructure.

VP Amissah-Arthur spoke Tuesday at a forum of financial sector operators and private entrepreneurs in Dakar, Senegal.

He spoke in response to Ghana’s failure to prevent deaths after the heavy floods that plagued the nation.

“It is estimated that to address our infrastructure deficit, we require about $15 billion per annum over the next decade.

“It is a huge challenge because the public sector budget will not be able to generate the required funds to close that funding gap.

“So we need support from the private sector, hence the government’s emphasis on the private-public partnerships (PPP) concept to deal with the situation.”

In April, Ghana already started a three year aid program worth $918 million with the International Monetary Fund (IMF) in a bid to tackle its wide public deficit, growing public debt, high inflation and a slide in its cedi currency.