Government will invest GH¢13.9 billion next year in priority infrastructure projects under its “Big Push” initiative, Deputy Minister for Finance Thomas Ampem Nyarko announced. The figure is expected to rise to GH¢21.2 billion by 2028 as part of efforts to bridge Ghana’s infrastructure gap and stimulate long-term economic growth.
Speaking at the KPMG Infrastructure Roadshow in Accra, Mr. Ampem said the programme would be financed primarily from petroleum revenues under the Annual Budget Funding Amount (ABFA) and mineral royalties. Spending will target roads and transport, energy and power generation, digital infrastructure, and both urban and rural development.
“This is not a small nudge or a patch-up job. It’s an economic reset, powered by a US$10 billion Big Push for infrastructure development,” he stressed.
Infrastructure Needs Remain Urgent
Ghana’s infrastructure deficit remains significant, with estimates suggesting the country requires about US$37 billion annually for the next three decades to meet development goals across sectors. Maintaining existing infrastructure alone would cost an additional US$8 billion each year.
Mr. Ampem noted that Ghana’s score of 47 out of 100 on the Global Infrastructure Hub index falls below the average for lower-middle-income countries, underscoring chronic underinvestment.
“Our cities need better transport. Our industries require dependable energy. Our farmers need modern irrigation. And our youth demand digital highways for the future,” he said.
PPPs to Play Central Role
While public spending will increase, the Deputy Minister underscored that private sector participation will be essential.
“The public purse alone cannot meet these needs. The fiscal space is limited, and the demands are vast. PPPs are not just helpful, they are indispensable,” he said.
He added that the Ghana Infrastructure Investment Fund (GIIF) will establish Special Purpose Vehicles (SPVs) to attract private capital, blended finance, and international development funding.
Investor Opportunities
Calling for stronger collaboration, Mr. Ampem urged both local and international investors to take advantage of opportunities in transport, energy, digital infrastructure, and urban development.
“The framework is in place. The vision is clear. The government’s commitment under President Mahama’s leadership is unwavering. Your innovation, capital, and expertise are not only welcome, they are crucial,” he said.
The announcement was made at the KPMG Infrastructure Roadshow, held under the theme “Unlocking Ghana’s Public-Private Partnership Potential: Bridging Reform and Results.” The event brought together policymakers, investors, engineers, and business leaders to explore strategies for accelerating infrastructure delivery.
