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Government to spend GH¢13.9 billion on infrastructure in 2025 – Deputy Finance Minister
Government will commit GH¢13.9 billion in 2025 to priority infrastructure projects under its “Big Push” initiative, with the amount projected to rise to GH¢21.2 billion by 2028, Deputy Finance Minister Thomas Ampem Nyarko has announced.
According to him, the funds will be drawn mainly from petroleum revenues under the Annual Budget Funding Amount (ABFA) and mineral royalties.
He indicated that the projects will focus on roads, transport, energy, power generation, digital infrastructure, and urban and rural development.
Mr. Ampem described the “Big Push” as an economic reset powered by a US$10 billion programme, stressing that the country’s infrastructure needs remain urgent.
He explained that Ghana requires US$37 billion every year for the next 30 years to meet development goals across sectors. Maintaining existing infrastructure alone, he added, will cost an extra US$8 billion annually.
The Deputy Minister drew attention to Ghana’s score of 47 out of 100 on the Global Infrastructure Hub index, which is below the average for lower-middle-income countries.
He argued that this was a sign of chronic underinvestment in critical sectors.
“Our cities need better transport. Our industries require dependable energy. Our farmers need modern irrigation. And our youth demand digital highways for the future,” he emphasized.
Mr. Ampem highlighted the limits of government spending, pointing out that the public purse cannot meet the demands alone. He stressed that Public-Private Partnerships (PPPs) are therefore indispensable.
He revealed that the Ghana Infrastructure Investment Fund (GIIF) will set up Special Purpose Vehicles (SPVs) to attract private capital, blended finance, and international development funding.
The Deputy Minister urged both local and international investors to explore opportunities in transport, energy, digital infrastructure, and urban development, describing them as “vast and transformative.”
He assured that the framework is in place, the vision is clear, and the government’s commitment under President Mahama’s leadership remains firm.
Mr. Ampem called for strong collaboration between government and the private sector, noting that sustainable infrastructure transformation will require a united effort.
The announcement was made at the KPMG Infrastructure Roadshow in Accra, held under the theme “Unlocking Ghana’s Public-Private Partnership Potential: Bridging Reform and Results”.
The event brought together policymakers, investors, engineers, and business leaders to explore strategies for accelerating infrastructure development.
By: Jacob Aggrey
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
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