Power Minister Dr. Kwabena Donkor says it has become crucial more than ever for government to partner private enterprises in addressing the country’s energy challenge.
He says the passage of the Public Private Partnerships (PPP) law currently before parliament should enable facilitate the process.
He spoke with JOY BUSINESS at a workshop on Public-Private Partnership for Sustainable Electricity Development saying, the passage of the law on PPP which is currently before parliament would enable government officially and directly engage private enterprises in the provision of power.
Dr. Donkor indicated that government will continue to partner the private sector in running an efficient power sector in Ghana.
He added that “although we may not have been directly involved in the Public-Private Partnership approach, towards the electricity infrastructure development in Ghana, the kind of support that the government has had to provide and is still providing for public entities in their dealings with the private sector brings us close to the PPP approach and I say this because the legislative act to formerly bring in PPP under the loss of Ghana is still before parliament.”
Taking into consideration the limited budget resources of the state, the Power Minister stressed that “it is obvious that the huge deficit in infrastructure cannot be met by the public sector alone through budgetary allocations. As a matter of policy, the government of Ghana is encouraging the use of PPPs as a means of leveraging public resources with private sector resources and expertise in order to close the infrastructure gap.”
He is therefore asking industry players to adopt innovative ways of project financing that would provide the same comfort that lenders will require in order to speed up the project delivery process.
Latest Stories
-
Let’s prioritize research quality in higher education institutions for industrial growth-Prof. Nathaniel Boso
2 hours -
Herman Suede is set to release ‘How Dare You’ on April 24
5 hours -
Heal KATH: Kuapa Kokoo, Association of Garages donate 120k to support project
6 hours -
KNUST signs MOU with Valco Trust Fund, Bekwai Municipal Hospital to build student hostel
6 hours -
The influence Ronaldo has on people, Cadman Yamoah will have same on the next generation – Coach Goodwin
7 hours -
Gender Advocate Emelia Naa Ayeley Aryee Wins prestigious Merck Foundation Awards
8 hours -
South Africa bursary scandal suspects granted bail
8 hours -
Ecobank successfully repays $500m Eurobond due April 18
8 hours -
Re: Doe Adjaho, Torgbui Samlafo IV, call for Unity among Paramountcies in Anlo
8 hours -
Extortion and kidnap – a deadly journey across Mexico into the US
8 hours -
Rihanna says fashion has helped her personal ‘rediscovery’ after having children
8 hours -
Development Bank Ghana targets GH¢1bn funding for commercial banks in 2024
9 hours -
Shatta Movement apologises to Ghana Society of the Physically Disabled after backlash
9 hours -
Sammy Gyamfi writes: Tema-Mpakadan Railway Project; A railway line to nowhere
10 hours -
Bright Simons: Is the World Bank saving or harming Ghana?
10 hours