Ghana prepares PPP for local market projects

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Ghana prepares PPP for local market projects

The Government of Ghana, through the Ministry of Trade and Industry in collaboration with the PPP Secretariat of the Ministry of Finance, has selected five locations to develop feasibilities studies to build modern markets through PPP projects.

The five selected Metropolitan, Municipal and District Assemblies (MMDAs) are the following:

  • Upper Manya Krobo District Assembly,
  • Tamale Metropolitan Assembly,
  • Yilo Krobo Municipal Assembly,
  • Nkoranza South District Assembly and
  • Accra Metropolitan Assembly.

The planned projects are the result of the Ghana Trade and Industry Policies, which aim to improve the trade infrastructure system in the country.

On 11th July, 2013, Hon Deputy Minister, Nii Lantey Vanderpuje inaugurated the Technical Committee on Model Markets, which is composed by representatives from the Ministry of Finance, the Ministry of Local Government and Rural Development and the Ghana Investment Promotion Centre.

The mentioned committee has the purpose of boosting the development of the market projects. It has developed Terms of Reference to hire a transaction advisor to complete the feasibility studies for the projects.

The World Bank is close to finish the tender process for the recruitment of the transaction advisor. The World Bank will also provide financing to complete the studies. It is expected that the works will finish by the end of 2014.

Once the feasibility studies are completed, the request for expressions of interests (RFEOI) will be launched.

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