Benefits of a Project Finance Approach to Infrastructure Development in Ghana: The Need to Adopt a Public Private Partnership Model

Abstract

This article sheds light on the extent to which private entities partake in the provision of transport infrastructure to the Ghanaian public. The paper compares Public-Private Partnership(PPP) arrangements between Ghana and the rest of the world including Sub-Saharan Africa and concludes that PPP is not been extensively utilized. There are benefits in falling on PPP arrangements to provide infrastructure. The non-recourse nature of project finance is well acclaimed. The use of PPP also frees up public funds for other equally important projects. Not downplaying the drawbacks of Public-Private Partnerships, this paper urges the Ghanaian government to launch a PPP initiative on road infrastructure especially in the face of limited public sector resources.