Deputy Finance Minister Thomas Nyarko Ampem has reaffirmed that the government has allocated GH¢13.9 billion to accelerate infrastructure development across Ghana, part of a US$10 billion medium-term financing program under the Big Push initiative.
Speaking at the launch of the Ghana Infrastructure Plan (GIP), Ampem said: “Infrastructure financing is a foremost priority of President Mahama’s government. Through the Big Push Initiative, we have allocated GH¢13.9 billion, part of a US$10 billion medium-term programmed financing, to accelerate infrastructure expansion.”
The funds, drawn from petroleum revenues under the Annual Budget Funding Amount (ABFA) and mineral royalties, will target priority sectors including roads and transport, energy, digital infrastructure, and urban and rural development. The allocation is expected to rise to GH¢21.2 billion by 2028.
Ghana faces substantial infrastructure challenges, needing US$37 billion annually over the next 30 years to meet development goals, with an additional US$8 billion annually required to maintain existing assets. The country’s low score of 47 out of 100 on the Global Infrastructure Hub index underscores persistent underinvestment.
Ampem emphasized that Public-Private Partnerships (PPPs) will be critical in bridging the gap, with the Ghana Infrastructure Investment Fund (GIIF) helping to attract private capital, blended finance, and international development funding.
He called on local and international investors to explore opportunities across transport, energy, digital infrastructure, and urban development, describing them as “vast and transformative.”
The Ghana Infrastructure Plan, prepared by the National Development Planning Commission, lays out a 30-year roadmap for transport, energy, water, sanitation, housing, and digital infrastructure, aiming to boost productivity, promote inclusive growth, and strengthen long-term economic resilience.
