Ghana Says US$15 Bln Needed Over 10 Years To Close Infrastructure Gap

Ghana’s Vice President Kwesi Amissah-Arthur laying a wreath this week

Ghana requires some US$15 billion over the next decade to plug a gap in its infrastructure, Vice President Kwesi Amissah-Arthur said on Tuesday, after flooding in Accra last week exposed problems with creaking public services.

"It is estimated that to address our infrastructure deficit, we require about US$1.5 billion per annum over the next decade," he told a forum of financial sector operators and private entrepreneurs, Reuters reports.

"It is a huge challenge because the public sector budget will not be able to generate the required funds to close that funding gap so we need support from the private sector, hence the government's emphasis on the PPP concept (private-public partnerships)."