The Ministry of Finance has pledged Ghanaians of its readiness to help in any way possible towards the full execution and realization of an effective PPP Program in Ghana.
Mrs. Mona Quartey,the Deputy Minister of Finance, made the remark on Wednesday, at a Public Private Partnership (PPP) sensitization forum for Civil Society Organizations.
According to her, the government is ready to back any program that will bring results under a PPP program.
The forum, which formed part of series of sensitization fora and workshops being organized throughout the nation for stakeholders was conducted by the Finance Ministry through its Public Investment Division (PID).
It was aimed at developing awareness, better knowledge and understanding on PPPs and engage advocacy for PPPs at the national level.
The Deputy Minister of Finance noted, “The Ministry of Finance is willing to provide all the support that will be required to participate in the PPP procedure and clear any confusion that may be lingering in people’s minds”.
Mrs. Mona Quartey assures governments’ unrelenting assist to develop capacity of all stakeholders involved to make sure a clear comprehension of the PPP concept.
She stated some of these capacity building exercises, include workshops, study tours and seminars, both within and outside the nation.
The “leveraging PPP for accelerated national development; the role of the CSOs,” was the theme of sensitization forum. Over 41 members drawn from selected CSOs – Civil Society Organizations working in the areas of economy and development took part in the forum.
The PPP project is assumed to serve as a solution to Ghana’s infrastructure gap with the objective of obtaining escalated national development.
The Ministry of Water Resources, Works and Housing disclosed in its report, undertaking the infrastructure shortfall currently experienced by Ghana will need a minimum of 170,000 housing units to be increased annually spreading over a ten year period.
The 2010 African Infrastructure Country Diagnostic report also disclosed that undertaking Ghana’s infrastructure gap will warrant a continuous spending of anyway US1.5 billion dollars per annum over the next decade.
Though, given the restricted budgetary resources at the govts ‘disposal, the nation’s shortfall in infrastructure can’t be satisfied by the public sector alone through the budget allocations.
It is, however the government’s strategy to promote the use of Public-Private Partnership as a means of leveraging public resources and expertise to close the infrastructure gap and provide organized public infrastructure and services.
Mona Quartey, the Deputy Minister of Finance, stated the PPP program presents the opportunity to engage funding and expertise from the private sector to create infrastructure and provide services on the authority of the government.
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