President John Dramani Mahama says government needs about four billion cedis to effectively tackle the country's infrastructural deficit.

"Current estimates indicate an annual funding gap of about 4billion cedis if we are to effectively tackle our infrastructural challenges and expand them as a catalyst for growth", President John Mahama indicated in his State of the Nation Address to Parliament, Tuesday.

The development and expansion of the infrastructure, he noted, will sustain and enhance the country's projected growth and development.

According to him, the government is committed to reviving the railway transport in the country to supplement the road and the aviation sectors in the coming years.

In pursuit of the 2014 budget statement presented by the Minister of Finance, the president indicated that government had set up an advisory team to guide the full implementation of the Ghana Infrastructure Fund (GIF), which will aid in an aggressive infrastructural expansion drive for the country.

As a result of government's resolve to tackle the infrastructural challenges facing the country, President Mahama said "a number of major investments have been made as part of our strategic infrastructural programme in the road, transport, energy, water, energy, housing and communications sectors".

He further announced the commencement of the construction of the Kwame Nkrumah Circle/Interchange Project in addition to the construction of new roads and the rehabilitation of old ones throughout the country to facilitate easy transportation.

In the area of job creation, President Mahama has expressed government's commitment to tackling the issues of unemployment in the country, noting that when the electricity supply is stable, more private enterprises and jobs will be established in the country.

On Energy, President Mahama noted that currently, there have been dramatic improvements in the energy situation in the country as compared to the same time last year.

He was of the view that Ghana’s electricity connectivity is among the best in Africa after South Africa and/or Morocco.