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Ghana’s Bill Seeks To Mobilize Private Sector For Infrastructure Projects

Ghana’s Bill Seeks To Mobilize Private Sector For Infrastructure Projects

From Out-Law.com

A Public-Private Partnership (PPP) bill will be presented to parliament in Ghana by the end of March, its finance ministry has said. 04 Mar 2014

The bill will mobilize private sector support for major infrastructure works – including stalled road and ports projects and the launch of a new national airline, the ministry said.

The announcement came as n International Monetary Fund (IMF) mission to Ghana urged the government to restore macroeconomic stability as an “essential step” towards private sector development and growth over the medium term.

On the PPP bill, the director of the Public Investment Division of Ghana’s finance ministry, Magdalene Apenteng, said last month that the proposed legislation would offer a long-term solution to infrastructure challenges “without overburdening the government budget”.

Apenteng said PPP, supported by the World Bank, would address a number of projects which had been delayed because of inadequate funding and planning.

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