Investment banking firm C-NERGY Global Holdings has called for a comprehensive financing strategy to accelerate Ghana’s $10 billion “Big Push” infrastructure initiative, warning that the government’s current piecemeal budgetary allocations may not generate the desired economic impact.
A Call for Securitization to Unlock Full Capital Potential
In its post-2025 budget review, C-NERGY emphasized that relying on gradual budgetary allocations projected at $4 billion over four years could limit the program’s effectiveness. Instead, the firm advocates for securitizing future allocations to raise the entire $10 billion upfront, allowing for a faster and more impactful infrastructure rollout.
“This piecemeal approach may not deliver the transformational results expected. Securitizing future allocations would provide immediate capital to execute critical projects, ensuring maximum economic impact,” C-NERGY stated.
The Big Push initiative is a cornerstone of Ghana’s medium-term growth agenda, with 38% of total capital expenditure earmarked for infrastructure development. The government projects an increase in primary expenditure to 15.4% of GDP by 2028, reflecting its commitment to stimulating consumption, job creation, and private sector expansion.
Reintroduction of Road Tolls: A Sustainable Funding Model
C-NERGY also welcomed the government’s decision to reinstate road tolls, viewing it as a sustainable mechanism for infrastructure maintenance. This move aligns with global best practices, ensuring that critical road networks receive consistent funding for repairs and upgrades.
Strategic Implications for Ghana’s Economic Transformation
According to C-NERGY, recuritization would provide immediate liquidity, fast-tracking development, also accelerated infrastructure expansion would stimulate economic activity across sectors and finally Road toll revenues could reduce reliance on public debt for infrastructure funding.
As Ghana moves to implement its ambitious infrastructure roadmap, securing innovative funding solutions will be critical to bridging financing gaps and ensuring timely project execution. Policymakers, investors, and financial institutions will need to explore strategic partnerships to unlock full capital potential and drive long-term economic transformation.
