Ghana’s Ministry of Finance and Economic Planning (MOFEP) said that it is sure parliament will pass the PPP law by the end of the year.
Private sector participation is needed to help develop infrastructure within the West African country with the World Bank estimating that more than $1 billion will be needed annually. The World Bank has started Ghana off with a $30-million loan to finance feasibility studies for potential PPP projects.Director of C-NERGY Ghana Michael Cobblah told B&FT, “If we say PPP is an alternative way of financing key public infrastructure projects, we want to create a platform where all the key stakeholders will engage and deliberate on the way forward.”
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