Deputy Minister for Finance, Thomas Nyarko Ampem, has expressed optimism that the newly launched Ghana Infrastructure Plan (GIP) will put an end to the recurring problem of abandoned projects that have plagued successive governments.
Speaking at the launch of the Plan in Accra Mr. Nyarko Ampem said the GIP represents a historic step toward ensuring continuity, efficiency, and accountability in the country’s infrastructure development agenda.
“Far too often, Ghanaians have denounced abandoned infrastructure following changes in government. This long-term Plan provides an opportunity to end that cycle and ensure continuity in development, even amidst political change,” he said.
He noted that the Ghana Infrastructure Plan is in line with President John Dramani Mahama’s vision of a unified and forward-looking national development strategy that transcends partisan cycles. According to him, the Plan will not only enhance coordination across ministries and agencies but will also serve as a critical tool for integrating national priorities with available fiscal resources.
Mr. Nyarko Ampem said the Ministry of Finance is ready to co-lead efforts to ensure the full execution of the Plan outlining three key imperatives to drive its success; collaborative financing, effective coordination, and strategic communication.
He revealed that government has already taken steps to support implementation through the Big Push Initiative, which has allocated GH¢13.9 billion as part of a US$10 billion medium-term infrastructure financing package, sourced from petroleum revenues and mineral royalties.
“Infrastructure financing is a foremost priority of President Mahama’s government. We are also strengthening the Ghana Infrastructure Investment Fund to serve as a key vehicle for blended and innovative financing,” he noted.
The Deputy Minister stressed that Public-Private Partnerships (PPPs) would play an essential role in delivering infrastructure projects sustainably. He said government is reforming the PPP framework to ensure that projects are bankable, transparent, and fiscally responsible.
He further hinted that the Ministry of Finance would collaborate with the NDPC and Parliament to institutionalise mechanisms that ensure all public and PPP-funded projects align with the new Plan. “We intend to guarantee that every project, no matter which government initiates it, fits into this long-term framework,” he added.
He concluded by reaffirming the Finance Ministry’s support for the NDPC and the President’s infrastructure vision.
“A brilliant plan will not succeed unless it is executed effectively. Together, we can build modern infrastructure that enhances trade, improves quality of life, and positions Ghana as a hub for sustainable investment in Africa,” he added.
Source:FiilaFmonline/3news
