Supporters of Ghana’s main opposition New Patriotic Party (NPP) hold placards during a demonstration in Accra against the worsening power crisis and economic challenges on February 18, 2015. Ghana is facing economic challenges amid the worst blackouts in a decade with the country’s largest power producer lacking natural gas to fuel its plants and the water level at the largest hydropower facility near the minimum necessary to function. AFP PHOTO
Dakar – Ghana requires some 15 billion dollars per annum over the next decade to plug a gap in its infrastructure, Vice President Kwesi Amissah-Arthur said on Tuesday.
Amissah-Arthur said this at a forum of financial sector operators and private entrepreneurs in Dakar.
He spoke after flooding in Accra last week exposed problems with creaking public services in Accra.
“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.”
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