The Founder and Senior Partner of AB & David Africa has expressed concerns over the common practice in Public-Private Partnership (PPP) agreements, where the public sector takes the lead in conducting feasibility studies for projects.

According to Dr David Ofosu Dorte, it doesn't "make sense" for the public sector to conduct feasibility studies for PPP projects, as it has contributed significantly to Ghana's high public sector debt.

"We have borrowed huge amounts of money to do feasibility studies that we have not delivered," Dr. Dorte stated.

He was speaking as the keynote speaker at the 2025 Ghana Investment and Trade Week Summit (GITW) held at the Accra International Conference Centre on July 2, 2025.

The GITW 2025 summit, themed "Constructing Prosperity: Advancing Industrial Growth Through Smart Infrastructural Planning," brought together local and international investors to explore potential areas for investment in Ghana.

Dr. Dorte explained that instead of conducting feasibility studies, the government should focus on carrying out pre-feasibility studies and concept notes for PPP projects.

This approach, he noted, would help minimise risks and save money.

He emphasised that PPPs come with risks that, if not managed well, could harm the public sector.

"Many PPP projects have failed in Ghana because the risks associated with them were borne by our governments," he said, adding that these risks can be aggravated or external, requiring careful management.

Against this backdrop, Dr Dorte recommended the creation of an ecosystem that encourages a stronger collaboration between the public and private sectors, adding that there should also be the political will to see the end of PPP projects.

He cautioned that often, utterances by public officials who also hold party positions have tended to drive away investors.

“We should be careful about statements we make when we hold both public and party positions,” he cautioned.

Furthermore, he called for the need for “our governments to structure PPP projects without bloating the public sector debt, which often leads to chaos.”

The President of the National House of Chiefs (NHC), Ogyeahoho Yaw Gyebi III, who was the Chairman for the occasion, underscored the importance of smart infrastructure planning in driving industrial growth and prosperity in Ghana.

He said chiefs were vital enablers of inclusive development, and their presence signified a shared commitment to the country's future.

According to him, PPPs have provided approximately $10 billion in infrastructure investments in the West African region, but Ghana has received relatively small amounts.

He, therefore, urged the adoption of blended finance models to attract Foreign Direct Investment (FDI) and stimulate growth.

The President of NHC also highlighted the need to empower Small and Medium-sized Enterprises (SMEs), which should not be seen as peripheral to the economy.

He noted that Ghana achieved 3.2% growth in 2024, led by the private sector, and affirmed that investing in infrastructure is key to driving factory development and overall growth.

Ogyeahoho Gyebi III encouraged the private sector to approach this era with confidence and innovation, promising support to the construction and building industry.

In a welcoming address, the Chairman of the Ghana Chamber of Construction Industry (GhCCI), Emmanuel Tetteh Martey, said the theme is not only relevant but also aligns with the government's 24-Hour Economy initiative and the Big Push, among others.

He called for a collective purpose to drive a modern, resilient, and prosperous Ghana.

"Infrastructure is the heartbeat of a nation's development, laying the foundation for trade and job creation," he stated.

The GhCCI Chairman commended the Mahama administration for its development agendas, including the Big Push and the 24-Hour Economy.

"The Big Push is not merely a slogan, but a significant employment and transformation initiative," he noted.

However, Mr. Martey stressed that a 24-hour economy requires a reliable power source and good infrastructure.

In this regard, he reaffirmed the GhCCI's commitment to supporting the government in developing a prosperous Ghana that benefits all Ghanaians.