Ghana expects to pass a Public-Private Partnership (PPP) law by the end of June 2014 to leverage public and private sector resources and expertise in order to deliver efficient public infrastructure and services in Ghana.
The bill, which has already been drafted, is currently being finalized by the Attorney General's Department and would be presented to Parliament by the end of March for approval.
The PPP law is expected to give confidence to both local and international investors who want to participate in PPPs with the government.
Mr. Paul Victor Obeng, Chairman of the National Development Planning Commission (NDPC), stated:
The PPP policy is expected to encourage and facilitate investment by the private sector by creating an enabling environment for PPPs where value for money could be clearly demonstrated, as well as to increase availability of public infrastructure and services and improve service quality and efficiency of projects.
Ghana is presently faced with a huge infrastructure gap averaging US$1.5 billion per annum for the next decade.
Ghana's outlook remains healthy. The country's projected GDP growth is of 8% in 2013 and 8.7% in 2014, well above the average annual growth rate of 6.5% for the period since 2000.