Audio By Carbonatix
A Public Private Partnership (PPP) draft Bill is currently going through some amendments to meet the demands of interested parties and secure parliamentary approval by November this year.
The PPP law would give government the legal backing to join hands with private firms to carry out projects in the country, which is in line with government's policy to partner private businesses to undertake infrastructure projects.
The state currently requires GH¢1.5 billion every year over a 10-year period to meet its infrastructure needs.
Speaking to Joy Business at a stakeholders meeting on the Bill, Director of Public Investment Division (PID) of the Ministry of Finance, Magdaline Apenteng, said her outfit is currently incorporating inputs from professionals and Ministers of state to ensure a comprehensive Bill is sent to Parliament.
She said the law would determine the cost and revenues of PPP projects before they are embarked upon to avoid abrogation of infrastructure projects before they are completed.
Some analysts believe fully embracing the PPP policy could address the country’s development and infrastructural woes.
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